News

What do near-historic low mortgage interest rates mean for the mortgage industry?

Title agents are significantly more optimistic in Q2 than last quarter about the volume of both purchase and refinance transactions in the year ahead, according to a recent survey.

A group of 26 stakeholders in the housing industry has written a letter to FHFA Director Mel Watt asking him to either reduce or eliminate loan-level price adjustments (LLPAs) and guarantee fees charged by the Fannie Mae and Freddie Mac.

The Bureau reported violations due to deficient technology and process breakdowns as a result of numerous examinations of mortgage servicers since the CFPB’s new servicing rules went into effect in January 2014.

Existing-home sales in May hit their highest pace in almost a decade, while the uptick in demand this spring amidst lagging supply levels pushed the median sales higher.

On Wednesday, members of the Legal League 100 Advisory Council met in Dallas, Texas, to discuss the state of the Legal League 100 and its subcommittees, and to create initiatives to reflect the concerns and needs of its membership.

According to FHFA, however, price growth may decelerate to more normal rates of appreciation barring dramatic increases in wage growth and vast improvements in other areas of the market.

The upcoming presidential election has not made much of the American population feel better, even when it comes to housing.

Robust rental demand continues to drive the housing expansion. However, the national homeownership rate has been on an unprecedented 10-year downtrend.

The GAO reported on Tuesday that a survey of the CFPB's nonexecutive employees revealed concerns over fair treatment in the workplace.