Home prices have been consistently rising for the last few years, but it looks like that slow growth housing market that economists have been predicting for 2016 may have started early.
Read More »The Week Ahead: Will New Home Sales Rise to the Occasion?
Existing-home sales blew the mortgage industry away last week, with the largest month-over-month increase ever as TILA-RESPA Integrated Disclosure (TRID) rule delays finally started to pass. This week, the spotlight will shift to December's new home sales.
Read More »SunTrust’s Mortgage Servicing Income Skyrockets
The Atlanta-based bank is no longer burdened by legal matters and it showed in their 2015 fourth quarter and year-end earnings.
Read More »Here’s Why Renters Will Still Struggle to Buy a Home in 2016
The classic back-and-forth between renting and buying is not expected to cease anytime soon, but there may be a slight improvement in 2016.
Read More »Existing-Home Sales Bounce Back From TRID Delays
After suffering a major drop in November 2015, existing-home sales turned the tables back toward favor with the largest monthly increase ever recorded in December.
Read More »Mortgage Rates Creep Even Lower Among Global Concerns
Mortgage rates have only headed one direction since the Fed's decision in December to raise rates by 0.25 percent. Freddie Mac says the falling rates reflect the tumultuous global economy and weak inflation.
Read More »Home Prices on Low-End Growing the Fastest
Home prices in the U.S. housing market has seen some major gains over the last few years, but you will be surprised to know that much of this growth is stemming from homes that are priced 75 percent or less of the median home price.
Read More »BNY Mellon, BankUnited Earnings See Huge Gains Despite Challenges
Bank of New York Mellon's residential mortgage-backed securities legal issues and BankUnited's recent departure from retail mortgage originations appeared to have little to no effect on these companies' incomes in the fourth quarter of 2015. Read on to see what is driving these institution's profits way up in the fourth quarter.
Read More »Cool Down: New Home Mortgage Applications Decline
In the last month of 2015, applications for new home purchases took a chill pill and decreased month-over-month. Could this be what economists meant by slow growth headed into 2016?
Read More »Racing Ahead: Unexpected Markets Finish 2015 on Top
Homes sales finished 2015 in convincing fashion, following two straight months of sluggish sales. Read on to see which cities experienced the largest gains in 2015.
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