Daily Dose

Credit availability in the mortgage industry increased slightly in the fourth quarter, reversing a long-time downward trend over the last four quarters. However, credit access is not the same across the board.

Mortgage loan defects, which includes fraudulence and misrepresentation in loan applications, are highest in North Dakota. See what other states are troubled with rising loan defects.

Wells Fargo is launching a new low-down payment mortgage program for first-time and lower-income borrowers that could be the bank’s way out from under the shadow of the Federal Housing Administration.

Two mortgage interest rate indicators released today showed that rates moved upward for the month and over the last week, keeping alive the possibility that the Fed may finally make its move this summer.

For the third consecutive month in April, pending home sales rose to reach their highest level since February 2006, showing strong promise of more buyers entering the market.

Home prices have been on an upward path for the last few years, but 12 states broke the trend and experienced home price depreciation in the first quarter.

Mortgages, the largest component of household debt, increased in the first quarter due to the year-over-year uptick in originations.

An independent monitor reported on Thursday that JPMorgan Chase is about 97 percent of the way toward fulfilling its consumer relief obligation under the $13 billion RMBS settlement reached in November 2013.

The Federal Reserve Board found that American families experienced continued mild improvement in their financial well-being in 2015, but many families were struggling financially and felt excluded from economic advancement.

Housing markets in metros all over the country are improving and many metros are making their way back to their benchmark ranges, according to an index from Freddie Mac.