Interest rates for home loans remained near 3-year lows this week, while coincidentally, mortgage applications experienced a jump. Are consumers finally taking advantage of historically low rates?
Read More »Home Price Gains Slow to a Crawl
Although home prices continued their upward trek all over the country, they are doing so at a much slower pace, according to data on the recent U.S. House Price Index (HPI) released by the Federal Housing Finance Agency (FHFA).
Read More »3 Concerns About the FHFA’s Principal Reduction Program
Elyse Cherry, CEO of Boston Community Capital, a nonprofit community development financial institution, sat down with MReport to voice concerns and pitfalls within the FHFA's Principal Reduction Modification program and how the Agency should address them.
Read More »It’s Lonely at the Top for Nationstar Mortgage
Nationstar Mortgage was the only one out of the three largest U.S. non-bank mortgage servicers to turn a profit during 2015, according to Moody’s Investors Service’s Servicer Dashboard.
Read More »MCS Announces Formation of MCS Solutions
Mortgage Contracting Services, LLC (MCS) has announced the formation of MCS Solutions in order to incorporate the company’s valuations, title services, and steel security product line, according to an announcement from MCS.
Read More »‘Hardest Hit’ Areas Get More Relief from Treasury
The Hardest Hit Fund (HHF) was created under the government's Troubled Asset Relief Program in 2010 to help the areas that were deemed to have been hit hardest by the financial crisis. How is the latest—and final—round of funding going to be disbursed?
Read More »U.S. Bancorp Escapes Most Banks’ Q1 Fate
Most banks and other financial firms reported dismal first quarters compared to a year ago. U.S. Bancorp was different, however.
Read More »Mortgage Insomnia—Homeowners Stressed With Payments
Financial hardships are keeping Americans tossing and turning at night, and mortgages are one the top concerns causing sleeplessness, according to a new CreditCards.com poll.
Read More »Trump Hints at Fed Chair Yellen’s Future
Although he approves of the current low-interest rate environment, Donald Trump does not approve of the woman in charge of rates. If Trump wins the presidential election in November, Federal Reserve Chair Janet Yellen could be out of a job.
Read More »3 Things to Know About the Home Building Dilemma
Robert Dietz, Ph.D., Chief Economist and SVP for Economics and Housing Policy for the National Association of Home Builders sat down with MReport to provide a complete view of some of the pros and cons within the home building picture.
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