The Bureau of Economic Analysis reported an upward revision to the first quarter gross domestic product, which some industry experts believe will not only signal better growth in the second quarter, but also motivate the Fed to raise rates.
Read More »The Relationship Between Buying Power and Prices
U.S. home prices are high and are still rising, but the price picture looks a bit different when consumer buying power is brought into the equation. First American Financial Corporation's inaugural Real House Price Index, provides a new take on the way the industry view home prices.
Read More »OCC Frees Wells Fargo from Servicing Restrictions
The OCC terminated the servicing-related consent order against Wells Fargo, but at the same time issued a civil penalty to the bank.
Read More »Bank of America’s ‘Hustle’ Whistleblower Retains Reward
Bank of America's $1.27 billion penalty in the "Hustle" case has been overturned. Why does the former Countrywide exec who blew the whistle get to keep the reward money?
Read More »The Two-Sided Credit Picture
Credit availability in the mortgage industry increased slightly in the fourth quarter, reversing a long-time downward trend over the last four quarters. However, credit access is not the same across the board.
Read More »5 States Plaugued With Mortgage Loan Defects
Mortgage loan defects, which includes fraudulence and misrepresentation in loan applications, are highest in North Dakota. See what other states are troubled with rising loan defects.
Read More »Wells Fargo Rolls Out Low Down Payment Program
Wells Fargo is launching a new low-down payment mortgage program for first-time and lower-income borrowers that could be the bank’s way out from under the shadow of the Federal Housing Administration.
Read More »Is a Fed Rate Hike Imminent?
Two mortgage interest rate indicators released today showed that rates moved upward for the month and over the last week, keeping alive the possibility that the Fed may finally make its move this summer.
Read More »Pending Home Sales Soar to 10-Year High
For the third consecutive month in April, pending home sales rose to reach their highest level since February 2006, showing strong promise of more buyers entering the market.
Read More »Which States Saw Home Price Declines?
Home prices have been on an upward path for the last few years, but 12 states broke the trend and experienced home price depreciation in the first quarter.
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