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Freddie Mac’s Portfolio Expands in December

Freddie Mac’s Portfolio Expands in December

The mortgage portfolio expanded by 4.5 percent—an increase of $7.14 billion—up to an estimated $1.91 trillion in December. It was the highest annualized growth rate for any one month seen in Freddie Mac's portfolio since December 2009, when it grew by 5.7 percent.

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Fraud Risk Grows as HELOC Lending Rises

Fraud Risk Grows as HELOC Lending Rises

Property data firm CoreLogic reported that both the sources and frequency of mortgage fraud have transitioned from an alarming level after the crisis to a more "normal" state. There is one exception, however: Home equity lines of credit (HELOCs), which have seen fraud risk rise along with demand for loans over the past year and a half.

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Consumer Sentiment Strengthens in January

Consumer Sentiment Strengthens in January

The University of Michigan/Thomson Reuters Index of Consumer Sentiment came to 98.1 in its final January gauge, the group conducting the survey reported. While down slightly from a mid-month reading of 98.2, the index is still higher than it's been in the last 11 years.

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Report Finds Hottest Spots for Home Flipping

Report Finds Hottest Spots for Home Flipping

The recent hot spots for flipping include California and parts of the South, according to Trulia. Six of the top 10 metro areas where flips represented the highest share of home sales were located in California, two were in Tennessee (Nashville and Knoxville), and Florida (Fort Lauderdale) and Massachusetts (Cambridge-Newton-Framingham) had one each in the top 10.

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GDP Hits Speed Bump in Q4 with Annualized 2.6% Growth

GDP Hits Speed Bump in Q4 with Annualized 2.6% Growth

In a first-look report, the Bureau of Economic Analysis (BEA) reported that gross domestic product (GDP) expanded at an annualized rate of 2.6 percent in 2014's fourth quarter, sharply down from 5.0 percent growth in the third quarter. Economists had projected an annualized increase of 3.2 percent.

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Mortgage Rates Hold Near All-Time Lows

Mortgage Rates Hold Near All-Time Lows

According to data released by Freddie Mac on Thursday, the average interest rate for a 30-year fixed-rate mortgage loan was 3.66 percent (0.6 point) for the week ending January 29. This week's movement marked a slight increase from last week's average 3.63 percent—the first time this year that rates have gone up in the company's survey.

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