"This decline in repeat borrowers is strongest along the U.S. coasts, where the housing crisis diminished borrowers’ abilities to retain or gain equity in their current homes, reducing their likelihood of selling their existing homes and purchasing new ones," the report stated.
Read More »Is Solid Jobs Report Enough for a Rate Hike?
"This should put to bed any doubts about whether the Fed will announce a rate increase later this month. Barring something completely out of left field between now and then, liftoff will commence with a quarter-point rate increase to the target federal funds rate." - Curt Long, Chief Economist for the National Association of Federal Credit Unions
Read More »Freddie Mac’s Mortgage Portfolio Expands for Ninth Straight Month
Freddie Mac’s total mortgage portfolio expanded for the ninth straight month and for the 14th time in the last 16 months in October 2015, according to the Enterprise’s October 2015 Monthly Volume Summary released on Thursday.
Read More »Kroll Releases Formula for Rating Private Mortgage Insurers
Kroll Bond Ratings Agency is ready to offer complex ratings to help investors understand the stability of private mortgage insurers.
Read More »President Signs Fannie Mae & Freddie Mac CEOs Salary Cap Bill into Law
The bill "suspends compensation packages approved for 2015 for the chief executive officers of the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, and any of their affiliates, and reinstates the compensation and benefits previously in effect," the statement said.
Read More »Existing Home Sales Flattened by Low Supply Levels & Tight Credit
Auction.com' reported that existing home sales gains have not seen much activity since May, and are expected to be mostly unchanged from October to November.
Read More »What Will be the Top Real Estate Markets of 2016?
As we prepare to enter into 2016, one can only wonder what the next year will bring in terms of housing. One thing is for sure though, the picture will look completely different as hot markets begin to cool down.
Read More »Negative Equity Rate Improves, But Still Tugs on Housing Market
According to Zillow's Negative Equity Report, nearly one million homeowners were able to come out of negative equity in the third quarter, allowing them to sell or refinance their homes prior to the expected interest rate hike later this month.
Read More »American Homes 4 Rent and American Residential Properties Announce Merger
The merger is expected to enhance the size of the largest publicly-traded single-family rental company, California-based American Homes 4 Rent, which prior to the merger owned approximately 38,000 rental properties.
Read More »ValuAmerica & Black Knight Integrate Loan Closing Technologies
ValuAmerica, Inc., a national title agency, appraisal management company and technology provider, recently announced that the company has teamed up with Black Knight Financial Services, Inc., a provider of integrated technology, data and analytics to the mortgage and real estate industries, to provide a fully integrated loan closing solution for lenders.
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