News

The U.S. Census Bureau's American Community Survey (ACS) found that more than 18 million homeowner households and more than 20 million renter households experienced housing affordability problems last year, with renters suffering more consistently high “cost burden” issues than owners.

Mortgage interest rates rose for the second consecutive week following a strong October jobs report and a slight jump in wage growth, which pushed Treasury yields up and increased chances for a December rate hike from the Federal Reserve.

In housing markets where home values are constantly rising, first-time buyers often struggle with coming up with a down payment and end up renting versus buying a home.

"In Dodd-Frank, you have actually codified too big to fail. We have actually created a category of systemically important institutions, and these banks go around bragging about it. You know what they say to people with a wink and a nod? We are so big, we are so important that if we get in trouble, the government has to bail us out. This is an outrage. We need to repeal Dodd-Frank as soon as possible." - Sen. Marco Rubio

Initial mortgage payments are already affordable to millennials in 73 out of the 100 largest housing markets in the country, according to Trulia—in other words, the initial mortgage payments make up 20 percent or less out of that household’s monthly income. In 17 out of the largest housing markets, however, a median price home is defined as unaffordable to millennials.

Affordable housing markets can be hard to find in today's booming economy, but they are not nonexistent. In fact, there are a variety of affordable markets across the U.S., with the most affordable market located in Ohio, and the least affordable market in California.

Aspen Grove Solutions (AGS), a provider of property centric technology solutions to the financial and mortgage services industry, has announced that the company is adding Brookstone Management, LLC ...

Mortgage Contracting Services, LLC (MCS), a nationwide provider of property preservation, inspections, REO property maintenance and valuations to the financial services industry, announced that the company has named Tracy Hager its new Senior Industry Relations Officer, and Dave Sunlin as its new Senior VP.

Data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey showed that mortgage loan application volume decreased 1.3 percent from last week on a seasonally adjusted basis.

Global DMS, a provider of web-based compliant valuation management software, announced that it has hired Mac Chiles as EVP of sales. In this role, he will be responsible for managing the company’s sales and business development functions for its eTrac Enterprise valuation management platform and ancillary solutions.