On Monday, the United States Census Bureau will release its Construction Spending study for February 2017. The report will cover all areas of construction, including single-family residential. The previous study, for January 2017, revealed an increase in single-family construction, both month-over-month and year-over-year. Did this trend of growth continue?

Irving, Texas-based lender Caliber Home Loans Inc. announced on Friday that it has completed its acquisition of Banc Home Loans. Caliber is the nation’s fourth largest non-bank lender, ...

The majority of the fastest moving market areas can be found in California. The number one hottest market for both March and February was Vallejo-Fairfield, California; followed by San Francisco-Oakland-Hayward, California. The median age of inventory for these two areas were 33 days and 26 days, respectively, well below the nationwide median. Areas in California make up nine of the Realtor.com’s top 20 hottest markets. Javier Vivas, Manager of Economic Research at Realtor.com, noted the large drops om days on the market, and its indication of a strong spring buying season.

This week, Freddie Mac, The Mortgage Bankers Association (MBA), and the Federal Housing Finance Agency (FHFA) released reports on the state of the mortgage rates. According to Freddie Mac, mortgage rates are still in a decline. The 30-year fixed mortgage rate fell nine basis points this week, another week-over-week decline. But despite the fluctuations in rates, new home sales still managed to exceed expectations jumping 6.1 percent in February to 592,000.

Seniors are sitting on trillions in untapped equity. A recent report noted that retirement-aged homeowners saw an increase of 2.8 percent in home equity, or $170.7 billion, in Q4 2016. This puts their total housing wealth at $6.2 trillion. However, many seniors are still unwilling to tap into this wealth.

The National Association of Realtor's Pending Home Sales Index showed an increase in pending home sales, the highest inn a year, and second highest in a decade. However, limited inventory continues to dampen the market, especially among homes in the low- and mid-market price range.

Many immigrants struggle to gain homeownership, however, many immigrants who have been here for 10 years or longer, especially those with higher education, are able to find higher paying jobs and buy a home. Over 61 percent of immigrants from travel-ban countries are homeowners, coming close to the domestic-born homeownership rate of 68.8 percent.

According to Mortgage Cadence, this new release of Mortgage Cadence’s cloud-based technology should provide a superior experience for borrowers and a more-efficient, cost effective process for lenders.

While traditional LOS-provided document management implementation have placed the burden of creating and managing electronic loan delivery profiles on the lender, VirPack's preconfigured implementation technology removes that problem.

Wells Fargo received its Community Reinvestment Act Rating (CRA), in which it received high scores, despite an overall score of "needs improvement." On the same day, the ban announced an agreement in principal to settle a class action lawsuit regarding claims that Wells Fargo opened accounts without the consent of its customers.