First American Financial Corporation’s Loan Application Defect Index for July 2015 found that the mortgage loan defect rate rose 4.9 percent in July compared to June.
Read More »Housing Market Favor is Shifting From Sellers to Buyers
Realtor.com economic research released Monday found that sellers' overall advantage in the market is being reduced and buyers are beginning to reap the benefits of growing home inventory.
Read More »FHA’s Proposed Servicing Reforms Limit Access to Credit
The Federal Housing Administration's proposed servicing reforms are limiting credit access to borrowers by altering the time frame for filing insurance claims.
Read More »G20 Economies Growth Forecast Revised Downward to 2.8 Percent
The gross domestic product growth in the Group of Twenty economies has been revised downward for next year, according to a report from Moody's Investors Services released Friday.
Read More »Dodd-Frank Stress Test Process More Important than Results for Banks, Fitch Reports
The 2015 Dodd-Frank Act Stress Test process is viewed as more important than the actual results, in that it guides banks to understand capital and credit risk management within their respective institutions.
Read More »International Officials Urge Fed to Proceed With Rate Increase
International officials and bankers have voiced that they are tired of the hesitancy seen within the Federal Reserve when discussing interest rate increases.
Read More »Home Price Declines Riskiest in Oil-Producing States
As gas prices continue to decline, oil-producing states remain at high-risk for home price decreases, according to Fannie Mae's recent edition of Housing Insights.
Read More »FDIC Examines Changes in Reverse-Mortgage Regulations
Recent updates to reverse mortgage rules places borrowers' well-being first and helps with unanticipated issues, according to the Federal Deposit Insurance Corporation's Summer 2015 newsletter released Thursday.
Read More »Mortgage Interest Rates Rise Despite Hesitant Fed
Mortgage interest rates appear to be following a pattern of ups and downs, especially as consumers anticipate the Federal Reserve's rate hike.
Read More »HARP Refinances Hold Steady in Q2
Loans refinanced through the Home Affordable Refinance Program held steady for the second quarter of 2015. According to the Federal Housing Finance Agency's Refinance Report, the total number of loans refinanced through HARP in the second quarter was nearly the same as the number recorded in first quarter.
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