News

Fannie Mae’s gross mortgage portfolio experienced its largest compound annual rate of contraction for one month so far in 2015

U.S. housing markets continue to show improvement, and much of that credit is due to consumers maintaining their mortgages and a better overall employment picture.

As 2016 begins, the jury is still out on what the effect of last month’s long-awaited federal funds rate increase by the Federal Reserve will be on the economy, and on housing in particular.

U.S. construction spending has been on the positive side for a year and a half—that is until now.

The TILA-RESPA Integrated Disclosure rule has been shaking up the mortgage industry since October 3, 2015, and in turn, causing lenders everywhere to completely alter their loan origination procedures.

Old Republic National Title Insurance Company (ORNTIC) has announced the promotion of Executive Vice President and Southwest Division Manager Carolyn Monroe to President of ORNTIC and its subsidiaries.

Despite seasonal changes, home prices continued their upward trend in October 2015. However, despite the small month-over-month increase, home prices are still up 5.5 percent year-over-year.

It’s well known that home price increases in the Washington, D.C., Metro area have made it difficult to acquire affordable housing in and around the nation’s capitol.

U.S. Bank announced the appointment of Tom Wind as president of U.S. Bank Home Mortgage this week. Wind succeeds Rick Aneshansel, who announced his retirement earlier this year.

It’s too early to speculate on whether price appreciation will remain a trend heading into 2016—with the market already facing an interest rate hike from the Fed and economic uncertainty.