National home prices did so well in March, many markets fell just shy of their all-time peak, from a full decade ago, according to the newest national home price index (HPI) from Black Knight Financial Services.
Read More »Wells Fargo Rolls Out Low Down Payment Program
Wells Fargo is launching a new low-down payment mortgage program for first-time and lower-income borrowers that could be the bank’s way out from under the shadow of the Federal Housing Administration.
Read More »Top 5 Stable Housing Markets in the U.S.
Housing markets in metros all over the country are improving and many metros are making their way back to their benchmark ranges, according to an index from Freddie Mac.
Read More »Housing Shortage Fueling Rapid Price Increases
Fewer homes for sale over the past year have driven prices up faster than expected, according Zillow’s latest Real Estate Market Report.
Read More »FHFA Dives into Diversity and Inclusion
For Melvin L. Watt, Director of the Federal Housing Finance Agency, diversity and inclusion in the mortgage and lending arena is “a business imperative” that goes far beyond political correctness and statutory obligations outlined in the Housing and Economic Recovery Act of 2008.
Read More »Feds Need to Prepare for Senior Housing Boom
By 2030, a full 20 percent of the American population will be at least 65 years old. The bad news is that a large percentage of that population will not be financially prepared to fund their retirements and age in their own homes, and the government needs to start fixing the problem now.
Read More »Rise In New Home Builds Might Still Not Be Enough
The recent rise in home building may not make much difference in the availability of new houses, particularly to new buyers, according to the National Association of Realtors.
Read More »Homebuyers Taking a Closer Look at Mortgage Disclosures
More borrowers are taking a closer look at their mortgage documents before it’s too late, and more agencies are helping these borrowers understand what they’re getting into, well before new federal guidelines go into effect this fall.
Read More »Congressman Calls for Regulatory Transparency from the CFPB
U.S. Rep. French Hill (R-Arkansas) said Monday that the Consumer Financial Protection Bureau (CFPB) needs to do a lot more to ensure the industry understand the new TRID-compliant ‘Know Before You Owe’ rules before they take effect.
Read More »CFPB Says No More Arbitration Clauses
The CFPB wants to cut off lenders’ ability to include clauses prohibiting borrowers and bank account holders from filing or joining class action lawsuits in their contracts.
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