Recent survey data from Fannie Mae's Economic & Strategic Research group found that many mortgage lenders are still applying credit overlays that are stricter than what Freddie Mac, Fannie Mae, or Ginnie Mae require.
Read More »Homeownership Rate Hits Lowest Point Since 1967
According to a report released Tuesday by the Department of Commerce's Census Bureau, this quarter's homeownership rate is the lowest since 1967 and the rate has been on a steady downward fall since 2009 when the rate was 67.4 percent for the second quarter.
Read More »National HPI Increases 4.3 Percent, Showing Positive Housing Indicators
S&P Dow Jones Indices released the results for their S&P/Case-Shiller Home Price Indices on Tuesday, finding that U.S. home prices continued to increase across the country over the last year.
Read More »NAFCU Requests That FHFA Leave Conforming Loan Limit at Current Level
In a letter to the Federal Housing Finance Agency, the National Association of Federal Credit Unions is urging the FHFA to keep the conforming loan limit at its current baseline rate of $417,000 and not let the limit drop any lower, citing that this change could interrupt a still-recovering housing market.
Read More »Cash Sales Share at Lowest Point Since 2008
The share of cash sales in the housing market have dropped to their lowest point since September 2008. According to the CoreLogic July 2015 MarketPulse report, cash sales made up 33.7 percent of total home sales in April 2015, a decrease from 37.4 percent in April 2014.
Read More »Republican Presidential Candidate Weighs In on Fair Housing Rule
Republican presidential candidate Ben Carson discusses how busing failed to address the lack of a racial utopia in America, but the Obama administration has recently implemented a new HUD rule that will "desegregate" housing.
Read More »MReport Announces its 2015 “Power Players” & “Leading Ladies” Honorees
MReport’s August 2015 ‘Women in Housing’ issue highlights the accomplishments and achievements of the working women in the housing industry. In this issue, MReport introduces their 2015 “Power Players” and “Leadings Ladies” that are revolutionizing the industry. This issue is also dedicated to the issues women face in trying to obtain the dream of homeownership and a mortgage loan.
Read More »National HPI Inches Closer to June 2006 Peak
Black Knight Financial Services' Data and Analytics division released its May 2015 Home Price Index report. The report, which examines residential real estate transactions found that U.S. home prices were up 1.1 percent in May, increasing 5.1 percent on a year-over-year basis.
Read More »Home Prices Recover to Near Pre-Crisis Levels
The Federal Housing Finance Agency recently determined that the U.S. Purchase-only House Price Index has recovered to pre-crisis levels recorded in April 2006, leaving the national index of house prices just 1.8 percent below the peak level of May 2007.
Read More »Appeals Court Revives CFPB Constitutionality Lawsuit
On Friday, a federal appeals court revived a lawsuit that challenged the constitutionality of the Consumer Financial Protection Bureau. According to multiple media reports, the U.S. Court of Appeals for the District of Columbia Circuit ruled that a Texas bank had legal standing to proceed with a lawsuit arguing the structure of the CFPB is unconstitutional.
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