With the Federal Reserve recently ending its monthly asset purchases and turning toward the possibility of bringing short-term interest rates up in 2015, analysts (including economists at Freddie Mac, Fannie Mae, the Mortgage Bankers Association, and other housing groups and companies) are calling for the average 30-year fixed mortgage rate to rise to nearly 4.5 percent, with some calling for an average closer to 5 percent.
Read More »Pending Home Sales Inch Up in November Measure
The National Association of Realtors (NAR) reported a 0.8 percent month-over-month increase in its Pending Home Sales Index to a reading of 104.8 in November. With the most recent increase, the index has now posted annual gains for three straight months, lining up with recent improvements in existing-home sales activity.
Read More »New York Lender Settles Over Mortgage Fraud Suit
The Great Neck, New York-based Golden First agreed to pay $36 million to settle a complaint originally filed by the United States in April 2013 and amended in August 2013. In the complaint, the government accuses Golden First of violating the False Claims Act through years of misconduct relating to the mortgage company's participation in the Federal Housing Administration (FHA)'s Direct Endorsement Lender Program.
Read More »Labor Indicators Support Predictions of Housing Rebound
Reports from economists at CoreLogic and Wells Fargo released in December indicated they believe housing will rebound in 2015 after a disappointing 2014, and they cited improvements in the U.S. labor market as a main reason why.
Read More »Year in Review: Secondary Market News
From the start of QM to the end of quantitative easing, the past year saw plenty of big news in the mortgage and financial markets. As the new year rolls in, MReport is taking a look at some of the biggest secondary market headlines of 2014.
Read More »Year in Review: Servicing News
From the start of QM to the end of quantitative easing, the past year saw plenty of big news in the mortgage and financial markets. As the new year rolls in, MReport is taking a look at some of the biggest servicing headlines of 2014.
Read More »Year in Review: Data News
From the start of QM to the end of quantitative easing, the past year saw plenty of big news in the mortgage and financial markets. As the new year rolls in, MReport is taking a look at some of the biggest data headlines of 2014.
Read More »Year in Review: FHFA News
From the start of QM to the end of quantitative easing, the past year saw plenty of big news in the mortgage and financial markets. As the new year rolls in, MReport is taking a look at some of the biggest FHFA headlines of 2014.
Read More »Year in Review: Origination News
From the start of QM to the end of quantitative easing, the past year saw plenty of big news in the mortgage and financial markets. As the new year rolls in, MReport is taking a look at some of the biggest origination headlines of 2014.
Read More »Report Details Highlights and Lowlights of 2014
It's been a rollercoaster year for the U.S. housing market, but analysts at Realtor.com say the patterns seen in 2014 could be the foundation for more stable growth in the coming year. In its year-end review, Realtor.com outlined some of the major trends seen in 2014 that signal a strengthening housing recovery.
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