Daily Dose

If affordable housing is your goal, there is a strange corollary between what cities are considered costly and which real estate markets house the nation’s wealthy.

As the cost of housing continues to rapidly rise, consumers can hardly keep up, especially as their income remains stagnant. However, despite the lowering consumer financial sentiment, economic conditions lift the housing market upward.

According to Black Knight Financial Services, Inc., latest Mortgage Monitor Report, high LTV purchase originations rose 20 percent in the third quarter of 2015, compared to the 13 percent increase in the purchase market overall.

The Consumer Financial Protection Bureau's TILA-RESPA Integrated Disclosures rule have been in effect since October 3, 2015, and despite the expected stumbles here and there, the rule has not caused any major catastrophes in the mortgage industry—just yet.

The mortgage industry is practically holding their breath as 2015 comes to a close and 2016 is just a few weeks away, and with it may come a number of welcome and unwelcome surprises, causing pessimism and uncertainty to invade the market.

"This decline in repeat borrowers is strongest along the U.S. coasts, where the housing crisis diminished borrowers’ abilities to retain or gain equity in their current homes, reducing their likelihood of selling their existing homes and purchasing new ones," the report stated.

"This should put to bed any doubts about whether the Fed will announce a rate increase later this month. Barring something completely out of left field between now and then, liftoff will commence with a quarter-point rate increase to the target federal funds rate." - Curt Long, Chief Economist for the National Association of Federal Credit Unions

Freddie Mac’s total mortgage portfolio expanded for the ninth straight month and for the 14th time in the last 16 months in October 2015, according to the Enterprise’s October 2015 Monthly Volume Summary released on Thursday.

Kroll Bond Ratings Agency is ready to offer complex ratings to help investors understand the stability of private mortgage insurers.

Auction.com' reported that existing home sales gains have not seen much activity since May, and are expected to be mostly unchanged from October to November.