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Author Archives: Tory Barringer

Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington's student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News' sister publication, MReport, which focuses on mortgage banking news.

Survey: Rising Rents to Continue Challenging Homeownership

Late last year, real estate firm Zillow reported that renters living in the United States paid a cumulative $441 billion in rents throughout 2014, a nearly 5 percent annual increase spurred by rising numbers of renters and climbing prices. Results from a more recent survey conducted by Zillow and Pulsenomics suggest that rent prices will continue to be a problem for the aspiring homeowner for years to come.

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Applications Point to Jump in January New Home Sales

The Mortgage Bankers Association (MBA) said Thursday that new home purchase applications rose 29 percent from December to January, not including any seasonal adjustments. The group pulled its data from its monthly Builder Application Survey, which tracks application volumes from mortgage subsidiaries of homebuilders.

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Continued Job Growth Lifts Mortgage Rates from 2015 Lows

Freddie Mac's Primary Mortgage Market Survey for the week ending February 12 shows the average interest rate for a 30-year fixed-rate mortgage (FRM) was 3.69 percent (0.6 point) this week, up a full 10 basis points from last week's 2015 low of 3.59 percent.

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Home Prices Up 6% in 2014’s Fourth Quarter

The national median price for existing single-family homes in the fourth quarter of 2014 was $208,700, up 6.0 percent from the same quarter in 2013, according to a report released Wednesday by the National Association of Realtors (NAR). That was better than the third quarter, which saw 4.8 percent annual growth.

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Firms Announce Class Actions Against Ocwen Spin-Off

Glancy Binkow & Goldberg LLP alerted HLSS shareholders on Tuesday about the suit, which targets HLSS for not being open about the company's close relationship with Ocwen, which has suffered from wave after wave of regulatory setbacks in the last year.

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Cash Sales Share Continues 23-Month Declining Streak

According to CoreLogic, cash sales made up 36.1 percent of total home sales in November, down from 38.8 percent a year prior. The drop marks the 23rd straight month of year-over-year declines, CoreLogic said. Compared to October, the cash sales share was up about half a percentage point, "as is typical for the fall and winter months."

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Average Down Payments Rise in Q4

According to the company's most recent data, the average down payment on conventional, 30-year fixed-rate loan offers made to LendingTree borrowers last quarter was 17.59 percent, up from 16.01 percent in the final months of 2013.

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