Although millennials are less likely than baby boomers to identify milestone life events that could affect their credit, over half them are checking their credit when taking out a mortgage loan.
Read More »Home Values Expected to Rise Over the Next Year
Residential market values are projected to continue to increases over the next 12 months, with overall annual appreciation reaching 3.6 percent, up from its second quarter forecast of 3.1 percent.
Read More »SFR Investors Use Residential Data to Uncover Purchase Opportunities Amid Rental Rate Increases
Rental rates and income yields continue to rise in the single-family rental market, affecting how real estate investors target purchase opportunities and how much landlords make from these properties.
Read More »Jumbo RMBS Issuance in Q3 Already Exceeds 2014 Total
U.S. prime jumbo residential mortgage-backed securities has already passed the 2014 total. A report from Fitch Ratings found that the 29 transactions and approximately $10.1 billion of issuance so far this year have already exceeded the 26 transactions and $8.3 billion issued in 2014.
Read More »Single-Family Homebuilders’ Confidence Highest Since 2005
Homebuilders' confidence in the market for newly constructed single-family homes rose in October, returning to a level not seen since the end of the housing boom in 2005.
Read More »Mortgage REITs Fail to Catch a Wave
KBW called the third quarter difficult and estimates mREIT book values will fall 3.5 percent quarter-over-quarter, with more mREITs reporting earning misses than positive results. To make matters worse, KBW noted that “while nearly half the group cut dividends in 3Q we expect management commentary to suggest more cuts ahead.”
Read More »Homeownership a ‘Sound Investment’ to Most Americans
Homeownership is on the minds of most Americans and despite rising prices, they still believe that purchasing a home is a good financial decision.
Read More »Mortgage Fraudsters Ease Up in Q2
As interest rates continue to lower and home values rise, mortgage fraud application risk has fallen 8.9 percent from the second quarter of 2014 to the second quarter of 2015, according to CoreLogic's October 2015 Mortgage Fraud Report. The Mortgage Application Fraud Risk Index showed that approximately 12,814 of mortgage applications, or 0.67 percent, contained fraud in the second quarter of 2015.
Read More »Mortgage Applications Plunge in Week After TRID Implementation
As the TILA-RESPA Integrated Disclosure rule came and went, mortgage applications experienced some drastic ups and downs in the week prior to regulation's implementation date and the week after.
Read More »Refinances Decline in August Following a Three-Month Rise in Rates
Refinances appear to be cooling off after volume levels decreased in August, while mortgage rates rose for three consecutive months through July, according to the Federal Housing Finance Agency's August 2015 Refinance Report.
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