Freddie Mac reported Thursday that the average interest rate for a 30-year fixed-rate mortgage (FRM) was 3.76 percent (0.6 point) for the week ending February 19, up from 3.69 percent a week ago and the highest rate since 2014's final reading.
Read More »Analysis: Job Outlook Less Than Ideal for Homeownership
With job growth continuing on a strong track, a growing number of housing economists anticipate a comeback in homeownership—particularly among young adults—in the months and years ahead. However, a recent study from Freddie Mac turned up some discouraging results to throw some cold water on economists' high hopes.
Read More »Mortgage Applications See Another Drop as Interest Rates Rise
The Mortgage Bankers Association's (MBA) weekly measure of mortgage application numbers fell a seasonally adjusted 13.2 percent for the week ending February 13, the group reported Wednesday.
Read More »Former FHFA Policy Analyst Joins Collingwood Group
The Collingwood Group, a business advisory firm based in Washington, D.C., announced Tuesday that veteran housing finance policy expert Bonnie McCloskey has joined the company as VP.
Read More »Zillow, Trulia Complete Acquisition Deal
Days after getting the nod from the Federal Trade Commission, Zillow has finally completed its $2.5 billion acquisition of Trulia, the companies announced jointly Tuesday afternoon.
Read More »Home Sales Slow to Start New Year
Analyzing transactions from 53 major metros nationwide, RE/MAX's latest National Housing Report showed home sales plunged 32.1 percent from December to January, more than wiping out the prior month's 14.4 percent gain.
Read More »Citi, Goldman, UBS to Pay $235M in RMBS Settlement
According to the class-action lawsuit, which was originally filed in September 2008, the underwriters made "material misstatements and omissions of material facts" in the offering documents, which was in violation of the Securities Act.
Read More »RedVision Celebrates Huge Growth in Abstracting Coverage
As of early 2015, New Jersey-based RedVision says it now performs in-house searches covering 76 percent of the U.S. population, with that number projected to reach 90 percent by year-end.
Read More »House Flipping Remains Preferred Strategy Among Investors
Even as the demand for rental housing has increased in most markets, investors continue to prefer to flip houses due to a recent combination of price appreciation and decreased inventory, according to Auction.com.
Read More »Atlanta Bank Shuts Down in 2015’s Third Closing
Georgia's Department of Banking and Finance took possession of Capitol City Bank & Trust Company on Friday, citing the bank's "unsound condition" as a result of losses on real estate loans. Despite receiving help to shore up its capital, it was unable to recover following the financial crash.
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