Banks reported stronger demand for mortgage loans and eased lending standards in a number of categories, suggesting positive growth in the second half of the year, according to the Federal Reserve July 2015 Senior Loan Officer Opinion Survey on Bank Lending Practices.
Read More »Inventory Growth Guides Housing Market to Health
Recent housing indicators reveal signs of health in the housing market in July, according to Realtor.com’s ‘Advance Read of July Trends,' which draws on residential inventory and demand trends over the first three weeks of the month.
Read More »North Dakota Leads Healthiest Economic Markets in U.S.
North Dakota has been deemed the best location and top performer in terms of economic health, according to Lumesis, Inc. DIVER Geo score results for July 2015.
Read More »Mortgages Most Common Liability Among American Debt
A recent report the PEW Charitable Trusts found that housing debt is the largest liability for most households, with other debt remaining higher than 1990's levels.
Read More »Mortgage-Closing Costs Fall 7 Percent Year-Over-Year
Closing costs on a mortgage loan have lowered over the past year, making purchasing a home less costly. According to Bankrate.com research, mortgage closing costs dropped 7 percent over the past year.
Read More »Report Finds Mortgage Holders Have Highest Non-Mortgage Debt in Ten Years
U.S. mortgage holders possess the highest levels of non-mortgage related debt in over ten years, according to Black Knight Financial Services' June 2015 Mortgage Monitor report.
Read More »Index Reveals Mid-Tier Home Price Points Well Below 2006 Peak
Although the housing market appears to be 'normalizing' for the first half of 2015, middle tier home price appreciation is still lagging far behind its 2006 peak level, according to Clear Capital's Home Data Index Market Report with data through July 2015.
Read More »Banks Offering Limited Services Due to Compliance Burdens
Financial products and services offered by banks are being issued on a a very limited basis due to regulatory compliance burdens. According to the American Bankers Association’s 2015 Survey of Bank Compliance Officers, a total of 46.3 percent of respondents said their bank had cut offerings
Read More »Bank of America Credited with $1.19 Billion Toward Settlement Agreement
Bank of America has been credited with approximately $1.19 billion toward the $7 billion (17 percent) in consumer relief the bank agreed to provide as part of the August 2014 settlement with the Department of Justice over the selling of toxic mortgage-backed securities, according to Independent monitor Eric Green.
Read More »Nationstar Mortgage Posts Q2 Net Income of $75 Million
Nationstar Mortgage Holdings rebounded from a $48 million net loss in the first quarter this year to post a net income of $75 million ($0.69 per share) for the second quarter in the company's Q2 2015 earnings statement released Thursday.
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