New research from Trulia found that only a small portion of millennials who plan to buy a home will do so within the next year, while the rest plan to wait two years or more.
Read More »Chase Downsizes Jumbo Loan Requirements
According to an announcement from the bank on Wednesday, Chase is simplifying its jumbo loan product offerings by lowering FICO and down payment requirements on loans as much as $3 million.
Read More »CFPB Study Says Consumers Can Benefit From eClosings
Borrowers that close their mortgage using an electronic platform typically have a greater understanding toward the process and are more efficient and empowered, compared to those that take the paper route.
Read More »CFPB Issues PMI Cancellation and Termination Guidance Bulletin
The Consumer Financial Protection Bureau issued a bulletin on Tuesday providing guidance to servicers regarding the cancellation and termination of private mortgage insurance.
Read More »Fed Survey Finds Mortgage Demand Picks Up; Credit Also Loosening
Banks reported stronger demand for mortgage loans and eased lending standards in a number of categories, suggesting positive growth in the second half of the year, according to the Federal Reserve July 2015 Senior Loan Officer Opinion Survey on Bank Lending Practices.
Read More »Inventory Growth Guides Housing Market to Health
Recent housing indicators reveal signs of health in the housing market in July, according to Realtor.com’s ‘Advance Read of July Trends,' which draws on residential inventory and demand trends over the first three weeks of the month.
Read More »Buying Demand & Affordability Move Home Prices Up by 6.5 Percent in June
Home prices are edging up once again thanks to pent up buyer demand, affordability, consumer confidence, and an improving labor market.
Read More »North Dakota Leads Healthiest Economic Markets in U.S.
North Dakota has been deemed the best location and top performer in terms of economic health, according to Lumesis, Inc. DIVER Geo score results for July 2015.
Read More »Mortgages Most Common Liability Among American Debt
A recent report the PEW Charitable Trusts found that housing debt is the largest liability for most households, with other debt remaining higher than 1990's levels.
Read More »Residential Construction Spending Rises in June
Construction spending has increased for six consecutive months this year and amounted to $482.7 billion during this time period.
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