As the season changes, prices soften, and homes remain on the market longer, the real estate market transitioned a seller's market to a buyer's market in September.
Read More »Cash-Out Refinances Rise As Borrowers Capitalize on Increased Equities
Cash-out refinance volume rose nearly 70 percent year-over-year in the second quarter of 2015, as borrowers took advantage of the increased equity available to them and historically low mortgage interest rates.
Read More »Stock Market Vulnerability Expected to Weaken Global Growth
Following recent volatile stock market reports, the Global Economic Outlook from Fitch Ratings forecasts that the global economy will grow by 2.3 percent in 2015, the weakest growth recorded since the global financial crisis in 2009.
Read More »House to Vote on TRID ‘Hold Harmless’ Grace Period Next Week
The House of Representatives will vote next week on a bill that will provide a hold harmless grace period for the Consumer Financial Protection Bureau's TILA-RESPA Integrated Disclosure Rule, which is set to go into effect October 3.
Read More »The First TRID Transaction: Five Questions Lenders Should Ask Settlement Providers
Commentary is an ongoing series on theMReport.com that focuses on opinions, ideas, and insights from experts across mortgage banking. It’s finally here. After nearly two full years of intense discussion and preparation, the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Mortgage Disclosures rule has taken the mortgage industry by storm. Nancy Tarr, VP of national escrow operations at First American Title Insurance Corp., provides a checklist of questions that lenders should ask settlement providers while navigating this new process.
Read More »Housing Growth Could Slow With Weak September Jobs Report
The lower-than-expected labor market gains for September brought the average monthly job growth for the year down below 200,000, which could possibly slow down the heretofore robust activity for the housing industry so far in 2015.
Read More »TRID: A Step Into the Unknown
Amid all the consternation about the looming TILA-RESPA Integrated Disclosure Rule effective date of October 3, one analyst believes that the biggest unknown about TRID is just that—unknown.
Read More »St. Louis Fed President Calls for More Regulatory Relief for Community Bankers
Small, community banks require more regulatory relief, especially those that hold mortgage originations, so what can be done to reduce this burden?
Read More »HUD’s OIG Audit Finds loanDepot Originated Ineligible Loans
The Office of the Inspector General of HUD found that loanDepot, LLC, originated loans using ineligible downpayment assistance gifts out of HUD Federal H0using Administration requirements, according to a recent audit.
Read More »Residential Construction Spending Increases in August
The U.S. Census Bureau reported Thursday that residential construction spending increased 0.7 percent in August to an estimated seasonally adjusted annual rate of $1,086.2 billion from the upwardly revised estimate of $1,079.1 billion in July.
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