The overall critical defect rate for mortgage loans has been trending upward since Q3 2015, driven by a rise in the number of compliance-related defects. The reason for the upward trend is clear, according to one analyst.
Read More »The Conservatorship, Eight Years Later
The FHFA's conservatorship of Fannie Mae and Freddie Mac, which were intended to be temporary, reached their eight-year anniversary on Tuesday, September 6.
Read More »Home Price Appreciation May Not Be Slowing After All
Despite recent reports within the industry that home price appreciation may be decelerating, the latest data from CoreLogic suggests that might not be the case.
Read More »First American Announces Acquisition of RedVision
First American Financial Corporation, a California-based global provider of title insurance, settlement services, and risk solutions for real estate transactions, announced on Tuesday it has signed an agreement to acquire New Jersey-based RedVision Systems, Inc., the largest independent national provider of title and real property research.
Read More »Lenders Not Shying Away from Moderate-Credit Borrowers
While borrowers with pristine credit are still getting a majority of purchase loans, lenders are showing signs that they are willing to let borrowers with “moderate” credit in on the action.
Read More »How Would a Fed Rate Hike Affect the Mortgage Industry?
A September rate hike by the Fed looks less likely now but could still happen before the end of the year. How will a rate hike affect the mortgage industry?
Read More »SEC Authorizes Morningstar to Rate Financial Institutions
The SEC has authorized Morningstar Credit Ratings, LLC, a nationally recognized statistical rating organization (NRSRO), to rate financial institutions and corporate issuers under its NRSRO registration.
Read More »Affordability is Not Dead Yet for the Working Class
Despite ongoing concerns over tight inventory and declining affordability, there are still markets around the country where homes are for sale that are both large enough and affordable enough to accommodate working class households.
Read More »The Week Ahead: Congress is Back in Session
After taking a break for the month of August, the House Financial Services Committee resumes activity on Wednesday, September 7 in the Monetary Policy and Trade Subcommittee with a hearing examining the economic health of Federal Reserve Districts.
Read More »Confluence of Factors Keeping Home Sales Healthy
A number of current economic conditions are supportive of the housing market—although demand for housing is being hindered somewhat by tight inventory levels.
Read More »