Mortgage originations among middle-aged borrowers, ages 40 to 60, have been on a fast-paced decline since 2004. See what two factors the New York Fed says are keeping them from getting a mortgage loan.
Read More »DOJ Still Probing Wells Fargo After Billion-Dollar Settlement
The bank stated that it “has responded, and continues to respond, to requests from these agencies seeking information regarding the origination, underwriting and securitization of residential mortgages, including sub-prime mortgages.”
Read More »Home Prices Climb Despite Volatile Financial Markets
In the midst of tight supply, heightened competition for buyers, and unpredictable financial markets, U.S. home prices continued to rise in the fourth quarter.
Read More »Richmond Fed President: Central Bankers Can Spur Economic Growth
In a speech at the Johns Hopkins Carey Business School, President of the Federal Reserve Bank of Richmond Jeffrey M. Lacker discussed monetary policy, inflation, and how the central bank can help spur economic growth.
Read More »Top 5 Most Stable Housing Markets Led by Employment, Current Mortgages
See which markets are unwavering in terms of the number of purchase applications, payment-to-income ratio, mortgage payments, and employment.
Read More »New Single-Family Home Sales Dip, But is the News All Bad?
New single-family home sales and the median home price began the year on weak note in terms of the monthly changes, but there are some optimistic signs behind the data.
Read More »Compliance, Competition High on the List of Worries for Lenders
While 2015 was a prosperous year for lenders, a tougher mortgage market lies ahead in 2016. With the Fed hanging at least four rate hikes over the industry, this could place damper on origination business operations.
Read More »Why Low Inventory Levels are Straining Homebuyers
With homebuying season quickly approaching and inventory levels not showing any improvement, potential buyers could be faced with more competition and bidding wars for homes they have set their sights on.
Read More »Kansas City Fed: Rate Hike Should be “On the Table” March
Although economic conditions such as employment and inflation are not ideal, Kansas City Federal Reserve Bank President Esther George is pushing for the central bank to make one of those four increases the industry has been waiting on in March at the next Federal Open Market Committee meeting.
Read More »Home Price Slowdown a Reality in the Housing Market
While home prices are still rising due to buyer demand and low inventories, supported by low mortgage rates, eased lending standards, and improving job markets, they are doing so at a much slower pace.
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