HUD recently launched their HUD Resource Locator, a mobile app and website to further expand and enhance traditional HUD customer service among consumers.
Read More »Mortgage Applications for New Home Purchases Lower in July
Applications for new home purchases dropped 4 percent in July compared to the prior month, according to the Mortgage Bankers Association Builder Application Survey data for July 2015.
Read More »Denver Tops List of Up-and-Coming Housing Markets
GOBankingRates listed the top 11 up-and-coming housing markets for U.S. homebuyers, finding that the Denver, Colorado is a rapidly growing housing market.
Read More »Mortgage Rates Head Back Up After Four Weeks of Lows
Fixed mortgage rates stopped their downward fall and headed back up for the first time in four weeks, according to Freddie Mac's Primary Mortgage Market Survey.
Read More »Housing Markets Heat Up as Greater Affordability Fuels Demand
A new report from Realtor.com released Thursday found that strong housing supply-and-demand dynamics driven by affordability, are expanding local economies. In addition, lifestyle benefits are spotlighting markets and attracting new buyers.
Read More »Homebuyer Survey Helping Sellers Market Properties
A Trulia survey released Wednesday found that a key selling point for buyers are schools and areas that market quality schools. A good school district can be a determining factor for a buyer when purchasing a home, especially for families with children.
Read More »Refinance Applications at Highest Level Since May
Mortgage applications remained mostly flat for the week ending August 7, 2015, but refinance applications reached their highest point since May 2015, according to the Mortgage Bankers Association's Weekly Mortgage Applications Survey released Wednesday.
Read More »FDIC Suit Revived Against Deutsche, Goldman, and RBS
Lawsuits filed by the Federal Deposit Insurance Corp., accusing Deutsche Bank, Goldman Sachs, and the Royal Bank of Scotland of fraud with regards to $840 million worth of mortgage-backed securities have been revived by the 5th U.S. Circuit Court of Appeals in New Orleans.
Read More »Monitor Determines Issues with Ocwen’s IRG Have Been ‘Sufficiently Addressed’
Monitor of the National Mortgage Settlement, Joseph A. Smith, Jr. concluded his investigation of Ocwen Financial's Internal Review Group with the determination that issues surrounding the Atlanta-based servicer's IRG have been "sufficiently addressed," according to an announcement from Smith's office.
Read More »Credit Unions Hold Largest Share of Mortgage Originations
Credit unions' market share of mortgage originations are experiencing a growth spurt in comparison to other financial institutions. TransUnion research released Tuesday found that credit unions' share of all mortgage originations has increased from 7 percent in Q1 2013 to 11 percent in Q1 2015.
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