HUD's Mortgagee Review Board announced settlement agreements of two Texas mortgage lenders on Monday, following allegations that they were allegedly in violation with the Federal Housing Administration rules.
Read More »Existing Home Sales Expected to Modestly Increase in July
Auction.com, LLC has revised its July Real Estate Nowcast downward. According to Auction.com, existing home sales in July are now projected to fall between seasonally adjusted annual rates of 5.39 and 5.75 million annual sales with a targeted number of 5.57 million.
Read More »Amid Economic Concerns, Fewer Americans Are Optimistic About the Housing Market
The report found that consumer attitudes toward selling stumbled last month, despite a recent flurry of optimistic projections about the U.S. housing market in general. In the past week, the National Association of Home Builders reported that more than half of builders it surveyed see 55+ housing as a solid endeavor.
Read More »Mortgage Rates Remain Under 4 Percent Threshold
Freddie Mac recently released the results of its Primary Mortgage Market Survey (PMMS), finding that average fixed mortgage rates continue to drop as economic uncertainty pushed Treasury yields lower.
Read More »Builder Confidence Remains High in 55+ Housing Market
In the single-family 55+ housing market, builder confidence remains positive for the second quarter of 2015 with a reading of 57, according to the National Association of Home Builders' 55+ Housing Market Index.
Read More »Higher-Balance Loan Programs Drive Mortgage Credit Availability Up in July
Mortgage credit availability rose in July, mostly due to higher-balance loan programs, according to the Mortgage Bankers Association's Mortgage Credit Availability Index,
Read More »New and Existing Home Sales Expected to Recover From Monthly Declines
New home sales have been trending up for the last three years and the National Association of Home Builders (NAHB) expects that to continue on into next year as job gains drive up demand for housing.
Read More »HUD Proposes Equal Faith Participation Amendment for Housing Programs
HUD recently announced the proposal of a new rule that would amend its already in place regulations on the equal participation of religious organizations in HUD programs, allowing different religious providers to apply for Federal funding without compromising their religious identity.
Read More »Survey Finds Majority of Millennials Intend to Buy a Home in 2018
New research from Trulia found that only a small portion of millennials who plan to buy a home will do so within the next year, while the rest plan to wait two years or more.
Read More »Chase Downsizes Jumbo Loan Requirements
According to an announcement from the bank on Wednesday, Chase is simplifying its jumbo loan product offerings by lowering FICO and down payment requirements on loans as much as $3 million.
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