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Read More »Survey: Americans Stymied by Homebuying Confusion
In a poll of more than 2,000 consumers, Wells Fargo found 68 percent feel that now is a good time to buy a home, and 95 percent want to own if they don't already. On the other hand, while nearly three-quarters of respondents in Wells Fargo's survey said they "know and understand" the financial process involved in buying a home, large numbers also expressed doubt or misguided notions about homebuying requirements.
Read More »Report: CFPB’s Proposed Expanded Complaint Database Poses Risks to All Involved
The Consumer Financial Protection Bureau (CFPB) recently proposed an expansion of its consumer complaint database that would include publicly publishing full narratives of consumers' complaints against financial institutions. While the bureau suggests such action supports the goal of "[improving] the functioning, transparency, and efficiency of markets," not all agree.
Read More »OCC’s Curry: Financial Regulators Need to ‘Remain Vigilant’
Testifying before the Senate Banking Committee earlier in the week, Comptroller of the Currency Thomas Curry said the financial condition of banks has improved since the financial crash—but he believes that supervisors need to "remain vigilant."
Read More »The MReport Webcast: Friday 9/12/2014
Applications for new home purchases plummeted in August, pointing to continued weakness in a market segment that has disappointed throughout the year. The Mortgage Bankers Association's Builder Application ...
Read More »Housing’s Slowdown: Setback or the New Normal?
After a summer of ups and downs, mortgage application volumes (as reported by the Mortgage Bankers Association) stunned in early September with a 7.2 percent week-over-week drop, bringing the association's index to its lowest level in 14 years. While there are a number of factors that could have played a role in the latest plunge, general unsteadiness in the current economic picture remains the underlying problem.
Read More »Applications Point to Further Declines in New Home Sales
The Mortgage Bankers Association's (MBA) Builder Application Survey tumbled 9 percent month-over-month in August, according to the latest from the group. The anticipated decline follows a 2.4 percent drop in July new home sales as reported by the Commerce Department. According to initial estimates from the government, sales that month were at an adjusted annual pace of 412,000.
Read More »The MReport Webcast: Thursday 9/11/2014
A new report by LendingTree finds that for the first time in a more than a year, the amount homebuyers are spending on down payments is on the ...
Read More »Down Payments Trend Upward in Second Quarter
A new report by LendingTree finds that for the first time in a more than a year, the amount homebuyers are spending on down payments for their properties is on the rise. According to a report released Wednesday, down payment percentages for conventional 30-year fixed-rate mortgages rose a little more than 1.5 percentage points to an average of 17.28 percent from the first to the second quarter.
Read More »The MReport Webcast: Wednesday 9/10/2014
While the oldest crop of millennials have been slow to check into the housing market, a new study from Better Homes and Gardens Real Estate suggests today's teenagers ...
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