News

One of the most nagging issues in the housing industry since the recession has been the dearth of young homeowners. And the news is staying bad for now.

The last decade has seen many residents relocate to the East and West Coasts due to the strong job markets in those locations as well as employment and income growth. But a recent survey found that trend is likely about to change.

After enduring a rough year so far earnings-wise, Ocwen Financial Corporation received some positive news this week.

Freddie Mac is offering an updated Home Possible Income & Property Eligibility Tool which allows lenders to determine if a borrower meets the income requirements for a low down payment mortgage on a specific property.

Markets that were most affected by the housing crisis have seen the largest increases in single-family rental homes.

While household debt increased in Q2, the mortgage sector’s share of that debt declined from a huge spike in the first quarter, according to the New York Fed.

One analysis reported that estimated amounts paid by homebuyers for closing costs on a mortgage loan are more accurate than ever because of the CFPB’s TRID rule enacted last October. Which states have the highest average closing costs?

Continuing an unfortunate trend for non-bank mortgage servicers in the second quarter of 2016, Walter Investment Management reported a net loss for the three-month period ending June 30, 2016.

All Credit Considered Mortgage, Inc. (ACC Mortgage) has selected LO Connect as its integrated automated underwriting system (AUS), product and pricing engine (PPE), and distribution solution.

The gap between what homeowners perceive their homes to be worth and the average appraisal shrank in July after expanding in June, according to analysis released Tuesday.