Freddie Mac reported a net loss of $475 million for Q3 2015 in its 10-Q filing with the Securities and Exchange Commission on Tuesday, the first time the GSE has reported a quarterly net loss in four years.
Read More »Homeownership Progress Declines in 2014, Index Shows
Homeownership may have declined in 2014, but there are other trends and factors such as marriage and children, education, demographics, and lifestyle that influence how consumers operate in the market.
Read More »Home Price Increases Causing Some Markets Become Overvalued
Home prices are showing no signs of slowing down, which continues to prove the housing market's health. However, the rise in prices are causing some markets to become overvalued.
Read More »Fed Survey: Banks Ease Mortgage Lending Standards
Banks lowered mortgage lending standards in the third quarter of 2015, according to the Federal Reserve's Senior Loan Officer Opinion Survey on Bank Lending Practices.
Read More »Existing-Home Sales Expected to Slow in October
Supply and demand challenges are expected to slow down existing-home sales to early summer levels at 5.44 million units, according to Auction.com’s Real Estate Nowcast.
Read More »Purchase Mortgage Loan Activity Spiked By High-Credit Borrowers
Purchase mortgage originations rose significantly in 2015, driven by high-credit borrowers, according to Black Knight Financial Services’ latest Mortgage Monitor Report.
Read More »Mobile Mortgage Lending: The Next Big Thing
With technological advances happening constantly in the mortgage industry, lenders may still be passing up opportunities to reach potential borrowers due to a lack of focus on mobile channels. According to Fannie Mae's Mortgage Lender Sentiment Survey, 40 percent of lender plan to offer a mobile application in the next year, but there are some lenders that have already got the jump on mobile technology.
Read More »HouseCanary Hires New President of Enterprise Sales
HouseCanary, Inc., a company that builds technology products that combine proprietary data and leading-edge predictive analytics to help people make better real estate decisions, recently welcomed Tom Ciulla as president of enterprise sales.
Read More »Banks & Credit Unions Place Accurate Data Capture at Top of HMDA Concerns
The Home Mortgage Disclosure Act data collection rules have recently been finalized, but U.S. banks and credit unions are troubled with how to accurately capture the new HMDA-required data fields.
Read More »Mortgage Interest Rates Fall Even Lower Amid Fed’s Hold on Increase
Following the Federal Open Market Committee's decision to leave interest rates untouched, the Federal Housing Finance Agency reported Thursday that interest rates on conventional purchase-money mortgages fell in September.
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