If affordable housing is your goal, there is a strange corollary between what cities are considered costly and which real estate markets house the nation’s wealthy.

As the cost of housing continues to rapidly rise, consumers can hardly keep up, especially as their income remains stagnant. However, despite the lowering consumer financial sentiment, economic conditions lift the housing market upward.

According to Black Knight Financial Services, Inc., latest Mortgage Monitor Report, high LTV purchase originations rose 20 percent in the third quarter of 2015, compared to the 13 percent increase in the purchase market overall.

The Consumer Financial Protection Bureau's TILA-RESPA Integrated Disclosures rule have been in effect since October 3, 2015, and despite the expected stumbles here and there, the rule has not caused any major catastrophes in the mortgage industry—just yet.

The mortgage industry is practically holding their breath as 2015 comes to a close and 2016 is just a few weeks away, and with it may come a number of welcome and unwelcome surprises, causing pessimism and uncertainty to invade the market.

"This decline in repeat borrowers is strongest along the U.S. coasts, where the housing crisis diminished borrowers’ abilities to retain or gain equity in their current homes, reducing their likelihood of selling their existing homes and purchasing new ones," the report stated.

The bill "suspends compensation packages approved for 2015 for the chief executive officers of the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, and any of their affiliates, and reinstates the compensation and benefits previously in effect," the statement said.

Auction.com' reported that existing home sales gains have not seen much activity since May, and are expected to be mostly unchanged from October to November.

According to Zillow's Negative Equity Report, nearly one million homeowners were able to come out of negative equity in the third quarter, allowing them to sell or refinance their homes prior to the expected interest rate hike later this month.

The merger is expected to enhance the size of the largest publicly-traded single-family rental company, California-based American Homes 4 Rent, which prior to the merger owned approximately 38,000 rental properties.