The mortgage industry is now anticipating where new single-family home sales will fall, following existing-home sales major feat against supply challenges last week.
Read More »Wells Fargo Extends Outreach in Underserved Communities
Wells Fargo unveiled new corporate social responsibility goals that are intended to address global social, economic, and environmental challenges, including a multibillion-dollar mortgage pledge to minority and low-income communities.
Read More »Market Conditions Trouble Buyers
First-time homebuyers are faced with two major challenges in the housing market that are keeping them from purchasing a home: scarce inventory and higher home prices.
Read More »Mortgage Roundup: Rates Hover Near 3-Year Lows, Applications Rise
Interest rates for home loans remained near 3-year lows this week, while coincidentally, mortgage applications experienced a jump. Are consumers finally taking advantage of historically low rates?
Read More »Home Price Gains Slow to a Crawl
Although home prices continued their upward trek all over the country, they are doing so at a much slower pace, according to data on the recent U.S. House Price Index (HPI) released by the Federal Housing Finance Agency (FHFA).
Read More »3 Concerns About the FHFA’s Principal Reduction Program
Elyse Cherry, CEO of Boston Community Capital, a nonprofit community development financial institution, sat down with MReport to voice concerns and pitfalls within the FHFA's Principal Reduction Modification program and how the Agency should address them.
Read More »Mortgage Insomnia—Homeowners Stressed With Payments
Financial hardships are keeping Americans tossing and turning at night, and mortgages are one the top concerns causing sleeplessness, according to a new CreditCards.com poll.
Read More »Trump Hints at Fed Chair Yellen’s Future
Although he approves of the current low-interest rate environment, Donald Trump does not approve of the woman in charge of rates. If Trump wins the presidential election in November, Federal Reserve Chair Janet Yellen could be out of a job.
Read More »3 Things to Know About the Home Building Dilemma
Robert Dietz, Ph.D., Chief Economist and SVP for Economics and Housing Policy for the National Association of Home Builders sat down with MReport to provide a complete view of some of the pros and cons within the home building picture.
Read More »Where are the Most Overleveraged Mortgage Debtors?
Homebuyers often bite off more than they can chew when purchasing a home which can place them into mortgage debt due because they can no longer afford the home. See which cities host the most overleveraged borrowers.
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