Bottom-tier housing prices are escalating at rates competitive with top-tier properties, and in some cases surpassing them greatly.
Read More »Ocwen Agrees to Settle Compliance Suits
The cases revolve around accusations stemming from 2012 that Ocwen lied to the FHA about its compliance with HAMP rules, as well as FHA insurance programs.
Read More »Brexit Triggers Caution, But Could Benefit U.S. Homebuyers
The U.K. voted 52 percent to 48 percent to leave the European Union‒‒the much anticipated, but also much feared “Brexit”‒‒in a move that has had immediate effects on global and American markets.
Read More »Stress Tests? No Problem for These Banks
The nation's 33 largest bank holding companies were tested for their ability to lend under severely adverse economic scenarios that include an increase of 5 percentage points in the unemployment rate.
Read More »Better Credit Scores Driving Loan Market
Compared with a decade ago, single-family home-purchase originations have been cut in half. But the denial rate is way down, too.
Read More »New Home Sales Reverse Course
The pace of new home sales dropped off in May, but that may have been expected due to April's large jump.
Read More »Mortgage Rates at Near-Historic Lows
What do near-historic low mortgage interest rates mean for the mortgage industry?
Read More »Title Agents Bullish on Buys and Refis
Title agents are significantly more optimistic in Q2 than last quarter about the volume of both purchase and refinance transactions in the year ahead, according to a recent survey.
Read More »Stakeholders Urge Watt to Reduce LLPAs and G-Fees
A group of 26 stakeholders in the housing industry has written a letter to FHFA Director Mel Watt asking him to either reduce or eliminate loan-level price adjustments (LLPAs) and guarantee fees charged by the Fannie Mae and Freddie Mac.
Read More »CFPB Investigation Uncovers Servicing Violations
The Bureau reported violations due to deficient technology and process breakdowns as a result of numerous examinations of mortgage servicers since the CFPB’s new servicing rules went into effect in January 2014.
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