The U.S. housing market accelerated to its fastest pace on record in May, as the typical home went under contract a full week faster than a year earlier.
Read More »Fed’s Indecision Causes Another Dip in Mortgage Rates
Mortgage rates and mortgage applications both dropped slightly last week, as jittery investors continued to turn to government-backed bonds in the lead-up to the Federal Reserve’s June meeting and a shaky European market.
Read More »Delgado Calls for Broad Industry Commitment to Diversity
During his opening remarks at the Five Star Diversity Symposium, Delgado said, "We simply cannot ignore that the absence of diversity fosters an environment of bigotry, racism, and prejudice—fueled by ignorance."
Read More »FHLBanks Poised for Meltdown; GSEs Not
In its annual report to Congress, released Wednesday, the Federal Housing Finance Administration published the results of Dodd-Frank stress tests. The verdict? Federal Home Loan Banks came through sparkling. The GSEs, not so much.
Read More »Top 20 Hottest Housing Markets in the U.S.
Redfin measured housing markets' hotness based on the percentage of homes most likely to go under contract within 14 days. In the top three markets, more than 60 percent of homes met this criteria.
Read More »OCC Stands Behind Coexistence of Banks, Fintechs
Curry reiterated in a public speech that his efforts to oversee fintechs are not meant to prevent innovation in the financial industry, but rather to encourage dialogue between banks and fintechs, according to a recent report.
Read More »Fed Holds Off on Rate Hike Until Economy Improves
The Federal Open Market Committee (FOMC) once again stood still on raising the federal funds rate this month due to disappointing economic indicators, leaving the looming question of when the Fed will make its move.
Read More »Homebuyers Break Even Fastest in These Cities
Zillow's Breakeven Horizon for the first quarter of 2016 was about one year and eight months, approximately three months shorter than it was at the end of 2015. See which cities homebuyers can break even on a home purchase fastest.
Read More »Low Mortgage Rates Spur Refinances
Total refinance volume between Fannie Mae and Freddie Mac increased in April due to falling mortgage rates, according to the Federal Housing Finance Agency (FHFA).
Read More »America’s Views on Owning a Home
As for the growing sentiment in the mortgage industry that millennials are not interested in homeownership, the survey results seem to indicate the contrary.
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