The Committee on Financial Services held a hearing to receive the “Annual Report of the Financial Stability Oversight Council” and the Secretary of the Treasury’s testimony.
Read More »Mortgage Fraud Risk Increases in Q2
CoreLogic recently released its latest Mortgage Fraud Report and as of the end of the second quarter of 2016, the report shows a year-over-year increase in fraud risk.
Read More »Double Down: Existing Home Sales Decline in August
Existing-home sales dropped for the second straight month in August, despite job growth and still-low mortgage rates, according to the National Association of Realtors.
Read More »U.S. Housing Prices Inch Higher
U.S. house prices remained largely flat in July, up 0.5 percent on a seasonally adjusted basis from the previous month, but was up noticeably when compared to last year, according to the latest FHFA monthly House Price Index report.
Read More »Fed Opts Against Rate Hike. . .For Now
Fed policymakers voted against raising the federal funds target rate for the time being.
Read More »Inventory is Making a Comeback in Some Markets
The bad news is that on a nationwide basis, housing inventory continues to decline. The good news is, according to one analysis, it will not last forever.
Read More »CFPB Provides Closer Look at Updated Servicing Rules
Representatives from the Consumer Financial Protection Bureau briefed attendees of the Five Star Conference and Expo on the recent updates to the Bureau's updated mortgage servicing rules.
Read More »Congress Grills Wells Fargo CEO Over Controversy
Wells Fargo Chairman and CEO John Stumpf sat before the Senate Banking Committee on Tuesday and profusely apologized for the controversy that has rocked all sectors of the financial industry in the last two weeks.
Read More »Optimism Reigns Despite Dropoff in Housing Starts
Single-family housing starts reversed course in August after several months of gains. Why are market participants still optimistic about single-family housing?
Read More »Another Housing Bubble? Maybe Not
Home prices have reached or exceeded their pre-crisis levels in many markets. Does this mean another housing bubble is on the way?
Read More »
theMReport.com Your trusted source for mortgage banking news