Recent updates to reverse mortgage rules places borrowers' well-being first and helps with unanticipated issues, according to the Federal Deposit Insurance Corporation's Summer 2015 newsletter released Thursday.
Read More »Mortgage Interest Rates Rise Despite Hesitant Fed
Mortgage interest rates appear to be following a pattern of ups and downs, especially as consumers anticipate the Federal Reserve's rate hike.
Read More »Texas Leads Healthiest Housing Markets
Although the housing market was one of the main drivers of the crisis on the U.S. economy, the housing sector has made significant recovery and cities are beginning to find their footing in the market again.
Read More »Freddie Mac’s Portfolio Expands Further to Reach $1.925 Trillion
While not as substantial as June's increase, Freddie Mac's total mortgage portfolio still expanded in July, this time at a compound annualized rate of 0.8 percent, according to Freddie Mac's July 2015 Monthly Volume Summary released on Wednesday.
Read More »Housing Demand Lowers Amid Buyer Disinterest & Price Limitations
As buyers reach their price limits and show less interest in homes, housing demand lowered for the fourth consecutive month. According to Redfin's Housing Demand Index, homebuyer activity fell 5 percentage points from 113 in June to 108 in July.
Read More »New Residential Sales Head Back Up in July
New single-family home sales rebounded from disappointing June data, reaching a seasonally adjusted annual rate of 507,000, according to estimates released jointly today by the U.S. Census Bureau and HUD.
Read More »Single-Family Built-For-Rent Construction Rises in Q2
Single-family homes built-for-rent rose to approximately 8,000 starts for the second quarter of 2015, compared to about 6,000 in the same period last year, according to data from the Census Bureau’s Quarterly Starts and Completions by Purpose and Design and National Association of Home Builders analysis.
Read More »Homeowners’ Insurance Could As Much As Double for Borrowers With Poor Credit, Study Finds
Credit scores have become an increasingly important rating factor when it comes to how much a consumer pays for homeowner's insurance. According to a new insuranceQuotes.com study, homeowners with low credit scores pay twice as much for homeowner's insurance compared to those with excellent credit.
Read More »Presidential Candidates Urged to Reform Fannie Mae & Freddie Mac
Edward Demarco challenges the issue of taxpayers guaranteeing repayment for three out of every four mortgages by suggesting that Fannie Mae and Freddie Mac be reformed and removed from taxpayers pockets.
Read More »Cash Sales Share Lowest Since July 2008
According to CoreLogic's August 2015 Market Pulse report, the share of total residential home sales in May 2015 that was made up of all cash sales was 31.9 percent, down from 35.1 percent in May 2014.
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