Officials at the Federal Reserve could not agree whether to raise interest rates this year, according to the minutes of the Fed’s March meeting, released Wednesday.
Read More »Fannie Mae to Auction Loan Bundle Worth $786 Million in First Bulk NPL Sale
Bidders must meet qualifications set forth by FHFA. In early March, FHFA issued enhanced requirements for the buyers and servicers of Agency non-performing loans that call for bidders to identify servicing partners at the time of qualification and complete a questionnaire to demonstrate a record of successful loan resolution through foreclosure alternatives, since many of the loans being sold in these portfolios are deeply delinquent – two years or more delinquent in some cases.
Read More »Home Price Values Still on the Rise Nationally
According to the report, home prices were up 5.6 percent nationwide compared to February 2014. Month-over-month, home prices nationwide increased by 1.1 percent, compared to January.
Read More »Fannie Mae Survey Shows Housing Sentiment Hurt By Lack of Income Growth
The optimism expressed by consumers toward the economy and the housing market at the beginning of the year has stalled as consumers' attitudes toward personal finances and wage growth have taken a step backward, according to Fannie Mae's March 2015 Housing Survey released Tuesday. Whereas February's survey showed that consumer optimism toward the economy was at an all-time high, March's survey painted a different picture.
Read More »Black Knight, Five Star Report on CFPB Consumer Complaints Receives Positive Reaction
Five Star President and CEO Ed Delgado, who initially proposed the idea for the report last year, stated that the purpose of the report was not to "dismiss or diminish" the validity of the inquiries by consumers, but rather to "position and better understand the data."
Read More »Report Says Loan Modification Programs Trigger Strategic Default
According to the authors, the implications of modification-induced strategic defaults are different between current and delinquent borrowers.” For loans current before a modification, defaults involve borrowers intentionally stopping payments in order to become eligible for mortgage modification.
Read More »Vice President Biden to Speak at Housing Affordability Conference
The conference, entitled The Housing Affordability Opportunity: Lowering Costs and Expanding Supply is a two part event hosted in partnership with Habitat for Humanity International and Enterprise Community Partners and will focus on the issue of expanding housing across the nation.
Read More »BLS Jobs Reports Shows ‘Disappointing’ Growth
After months of solid gains with the administration touting that the labor market is at its healthiest level since the turn of the century, payroll employment increases for March fell well short of expectations with just 126,000 jobs added, according to data released the Bureau of Labor Statistics on Friday.
Read More »Report: Housing Market is Healthiest Since 2001
According to data, none of the housing markets in the nation’s largest 40 metros are in negative territory, and only six of them are even neutral. The healthiest housing markets in the nation are in Pittsburgh, Cleveland, and Philadelphia. Only two metros in the nation are in negative territory (Bismarck, North Dakota and Atlantic City, New Jersey), and even these are nearly in the neutral zone.
Read More »HUD Secretary: FHA is Exploring Alternative Credit Scoring for Mortgage Borrowers
Co-hosted by the National Association of Realtors (NAR), The Asian Real Estate Association of America, and the National Association of Hispanic Real Estate Professionals, the event included two roundtable discussions and a keynote address from Castro. Realtors within these organizations believe in safe access to mortgage credit for borrower who can show they are able to own a home and keep up with payments. However, due to restrictive lending many of the qualified borrowers are not able to enter the housing market, according to NAR President Chris Polychron.
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