Headlines

Pending home sales loss more momentum in September 2015 for the second consecutive month due to scarce housing inventory, the National Association of Realtors announced Thursday.

On Wednesday, Ocwen reported a net loss of $66.8 million for the third quarter in 2015 compared to a net loss of $75.3 million for the same quarter a year earlier.

First American released their Loan Application Defect Index for September 2015 on Wednesday, which reflects estimated mortgage loan defect rates over time, by geography and by loan type, and estimates the frequency of defects in the information submitted in mortgage loan applications. According to the Index, loan defects in mortgage applications declined 1.2 percent from August to September. The Index is now down 20.6 percent from the high point of risk in October 2013.

As the Federal Open Market Committee reconvened Wednesday, results from their October 27th and 28th meeting placed yet another hold on the rate hike, leaving the federal funds rate at the current 0 to 1/4 percent target range.

The fourth volume of the Consumer Financial Protection Bureau's monthly complaint snapshot released Tuesday focused on one of its top three most complained-about financial product: mortgages.

Americans appear to be purchasing more homes as the U.S. homeownership rate has finally moved upward for the first time in two years in the third quarter of 2015, following a 48-year low hit the previous quarter, the Department of Commerce’s Census Bureau announced Tuesday.

The S&P Dow Jones Indices released its results of for the S&P/Case-Shiller U.S. National Home Price Index Tuesday, showing that home prices experienced year-over-year gains of 4.7 percent in August compared to a 4.6 percent increase in July.

HUD Secretary Julián Castro, whose name has been bantered for months as a possible vice presidential candidate, joined Realtor.com Chief Economist Jonathan Smoke in a conversation Monday evening about millennial housing held at George Washington University in Washington, D.C. In the conversation, Secretary Castro and Smoke addressed a number of questions surrounding America's most talked about generation and how they are faring the housing market amid numerous regulatory changes.

With so many positive reports on the housing market thus far in 2015, economists believe that growth in 2016 will keep the upward trend going, but not without a few headwinds.

New single-family home sales in September 2015 fell dramatically to a seasonally adjusted annual rate of 468,000, down 11.5 percent from the revised August rate of 529,000, according to estimates released jointly Monday by the U.S. Census Bureau and HUD.