Both current homeowners and renters agree that home values are going to continue to appreciate. However, the effect of home value appreciation on the confidence of each in the housing market is quite different.
Read More »Bank of America is Getting Close. . .
Having just passed the two-year anniversary of a record RMBS settlement, Bank of America is close to paying off its obligation under the settlement terms.
Read More »Tight Inventory Can’t Stop Pending Home Sales
Pending home sales in July swelled to their second-highest numbers in more than a decade, in the face of the tight inventory. What drove the increase?
Read More »Former MGIC Chairman and CEO Lacy Passes Away
William H. Lacy, Jr., retired chairman and CEO of Mortgage Guaranty Insurance Corporation (MGIC), passed away on August 28, 2016, as a result of respiratory failure at age 71.
Read More »Is Home Price Appreciation Developing a New Trend?
Home price appreciation is nothing new, having experienced robust growth since bottoming out four years ago. But a couple of recent home price indices indicate that things might be changing.
Read More »ClosingCorp Names New National Account Representative
ClosingCorp, a data and technology provider for the mortgage and real estate services industries, has announced that Tom Rice has been named VP, national account representative.
Read More »Judge Throws Out Disparate Impact Case that Sparked Supreme Court Ruling
The housing advocacy group whose lawsuit sparked a controversial decision by the U.S. Supreme Court allowing disparate impact cases to be brought under the Fair Housing Act has now seen that lawsuit dismissed.
Read More »The Week Ahead: Which Way Will Pending Home Sales Go?
Tight inventory, affordability constraints, and uneven regional numbers had an adverse effect on pending home sales in June. The industry will find out how pending home sales fared in July when NAR publishes its report on Wednesday, August 31.
Read More »Housing Affordability Receives a Boost
With affordability becoming a major concern in many housing markets in the United States due to increasing price appreciation and low supply, house-buying power in the U.S. is receiving help from an unlikely source.
Read More »FHFA Extends HARP, Rolls Out High LTV Refi Option
The FHFA announced on Thursday that it will extend its Home Affordable Refinance Program (HARP) another nine months, and the agency will also be offering a new streamlined refinancing option for high LTV borrowers.
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