Mortgage credit availability rose in July, mostly due to higher-balance loan programs, according to the Mortgage Bankers Association's Mortgage Credit Availability Index,
Read More »U.S. Housing Starts Expected to Reach 1.07 Million in 2015
Housing construction trends are showing signs of an increase in total housing starts this year, according to Metrostudy's second quarter 2015 Home Building Outlook, which reviews housing construction trends across the top 100 housing markets nationwide.
Read More »Housing Markets Edge Closer to Normal Levels
The housing market is slowly but surely inching closer to normal levels with the help of economic and job growth, according to the National Association of Home Builders/First American Leading Markets Index released Thursday.
Read More »Fannie Mae’s Net Income More Than Doubles for Q2; Pace Slowed From Last Year
Fair value gains were the primary driver as Fannie Mae's net income more than doubled from the first quarter to the second quarter, according to an announcement from Fannie Mae on Thursday.
Read More »After a Year of Ups and Downs, Green Tree Announces Merger
Green Tree Servicing is merging with Ditech Mortgage Corp., according to an announcement on Thursday from Green Tree. The merge will be effective August 31, 2015.
Read More »New and Existing Home Sales Expected to Recover From Monthly Declines
New home sales have been trending up for the last three years and the National Association of Home Builders (NAHB) expects that to continue on into next year as job gains drive up demand for housing.
Read More »HUD Proposes Equal Faith Participation Amendment for Housing Programs
HUD recently announced the proposal of a new rule that would amend its already in place regulations on the equal participation of religious organizations in HUD programs, allowing different religious providers to apply for Federal funding without compromising their religious identity.
Read More »Survey Finds Majority of Millennials Intend to Buy a Home in 2018
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 »