News

The FSOC reversed its determination that “material financial distress at [GE Capital] could pose a threat to U.S. financial stability.”

NAR chief economist Lawrence Yun said the strong demand that has been frustrating buyers and the spring’s swift sales “took a dent out of what was available for sale in May and ultimately dragged down contract activity.”

With the rise of homeownership comes the desire of originators to improve the customer experience. Banks are constantly looking to improve the speed, efficiency, security and simplicity of their processes. This select print feature originally appeared in the June 2016 issue of MReport magazine.

After five months on the climb, and while housing scarcity inflates, demand for housing fell off in May.

The national U.S. housing market is sustainable, despite slower-than-expected household formations and the slowdown in energy sector jobs, according to a report.

Nationally, Arch MI put the risk of price declines at 5 percent, which is where it was in Q1. But some areas in the energy-extraction states remained at heightened risk and may experience slower growth.

Housing numbers might be doing well in general, but what happens when everyone wants to buy a house but no one wants to build them?

The goal of the BEAM Act is to help homeowners create wealth through building equity, reducing debt, and paying off mortgages sooner.

The bank agreed to pay $2.5 billion in consumer relief as part of a $4 billion settlement over RMBS in July 2014.

Low mortgage rates are taming rapidly rising house prices and keeping homeowners from overleveraging themselves, according to Freddie Mac.