Daily Dose

Home builders are performing well in their sector as profits trended upward for fiscal year 2014.

Existing-home sales suffered this month due to the continuous imbalance of extremely low inventory levels and rapid home price appreciation.

The non-qualified mortgage loan market has originators a bit wary toward borrowers and questioning if the risk is really worth it.

Last month, new single-family home sales failed to impress, dropping nearly 10 percent, while existing-home sales saw little movement. Many in the industry are a bit skeptical of a turnaround this month due to a lack of inventory.

Fannie Mae has announced its latest contribution to the credit risk transfer space—two Credit Insurance Risk Transfer deals that shift a portion of the credit risk on pools of single-family loans and brings more private capital into the market.

As housing demand continues to rise, interest rates remain at historical lows, credit conditions ease, and the labor market improves, home price growth continues to climbs but for how much longer?

New home listings rose at the fastest rate in three years, offering the mortgage industry a small token of relief from shrinking inventory.

NAFCU President and CEO Dan Berger wrote Cordray a letter Thursday asking the Director to exempt credit unions from certain rulemakings.

An analysis of millions of credit reports comparing financial behavior patterns of those who currently rent and those who have a current mortgage revealed that tens of millions of renters might not qualify for a mortgage due to a low credit score—and that a large share of renters have other outstanding debt that is currently in collections.

Inventory has been a ongoing issue in the housing market despite positive indicators from home sales and prices coming out of the crisis.