In its November Home Price Index (HPI) report, property data firm CoreLogic recorded a 0.1 percent month-over-month increase in U.S. home prices for November. The minor gain, which includes data from distressed home sales, follows a 0.5 percent increase originally reported for October.
Read More »Construction Spending Falls in November
Total construction spending for November fell 0.3 percent from the prior month to a seasonally adjusted annual rate of $975 billion, the Commerce Department reported Friday. Economists polled by Econoday predicted a 0.5 percent pickup.
Read More »What Will 2015 Bring for Mortgage Rates?
With the Federal Reserve recently ending its monthly asset purchases and turning toward the possibility of bringing short-term interest rates up in 2015, analysts (including economists at Freddie Mac, Fannie Mae, the Mortgage Bankers Association, and other housing groups and companies) are calling for the average 30-year fixed mortgage rate to rise to nearly 4.5 percent, with some calling for an average closer to 5 percent.
Read More »Appraisal Institute Names 2015 President
The Appraisal Institute, a professional association comprising nearly 22,000 real estate appraisers across 60 countries, rang in the new year with the appointment of a new president.
Read More »Pending Home Sales Inch Up in November Measure
The National Association of Realtors (NAR) reported a 0.8 percent month-over-month increase in its Pending Home Sales Index to a reading of 104.8 in November. With the most recent increase, the index has now posted annual gains for three straight months, lining up with recent improvements in existing-home sales activity.
Read More »Year in Review: Secondary Market News
From the start of QM to the end of quantitative easing, the past year saw plenty of big news in the mortgage and financial markets. As the new year rolls in, MReport is taking a look at some of the biggest secondary market headlines of 2014.
Read More »UWM Launches Conventional Financing for 97% LTV
In response to a recent announcement that Fannie Mae and Freddie Mac have introduced loan options for down payments as low as 3 percent, United Wholesale Mortgage (UWM) announced the launch of a new product offering conventional financing for up to 97 percent loan-to-value (LTV).
Read More »Matt Martin Real Estate Acquires Online Real Estate Auction Company
Matt Martin Real Estate Management (MMREM), a diversified real estate services firm headquartered in North Texas, announced it has executed a definitive agreement to acquire online real estate auction company RealtyBid.com.
Read More »Year in Review: Servicing News
From the start of QM to the end of quantitative easing, the past year saw plenty of big news in the mortgage and financial markets. As the new year rolls in, MReport is taking a look at some of the biggest servicing headlines of 2014.
Read More »Year in Review: Data News
From the start of QM to the end of quantitative easing, the past year saw plenty of big news in the mortgage and financial markets. As the new year rolls in, MReport is taking a look at some of the biggest data headlines of 2014.
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