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Daily Dose

HUD, FHA Partner to Reduce Risks From Refis

The U.S. Department of Housing and Urban Development (HUD) announced initiatives to reduce associated risks with cash-out refinance lending.  Changes are aimed to help preserve the homeowners’ ability ...

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Risks of Mortgage Loan Defects Dropping

First American Financial Corporation reported that the frequency of defects, fraud, and misrepresentation in mortgage loan applications fell 7% month-over-month in June.  June’s report represents a 3.9% year-over-year ...

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Tracking Pending Home Sales in the U.S.

pending home sales

Pending home sales grew for the second-consecutive month in June, as the National Association of Realtors (NAR) announced the Pending Home Sales Index rose 2.8%, and year-over-year contract ...

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Fed Slashes Interest Rates

Interest rates have been cut for the first time in a decade, as the Fed announced Wednesday that rates will drop by a quarter of a point.  According ...

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Home Prices Climbing Higher

homes

Home prices rose 3.4% in May 2019, which is down from 3.5% growth the prior month, according to the latest CoreLogic Case-Shiller U.S. National HPI (HPI).  “Growth in ...

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