News

Ginnie Mae set a new monthly issuance record in July by guaranteeing $47.06 billion in mortgage-backed securities during the month, according to an announcement from the corporation on Thursday.

The Federal Reserve Bank of New York reported Thursday in their Household Debt and Credit Report that mortgage debt lowered slightly in the second quarter of 2015.

A new report from Realtor.com released Thursday found that strong housing supply-and-demand dynamics driven by affordability, are expanding local economies. In addition, lifestyle benefits are spotlighting markets and attracting new buyers.

A slight drop in nationwide housing affordability was recorded in the second quarter of 2015, mostly due to rising home prices, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index released today.

Zillow recently announced that Dr. Svenja Gudell has been promoted to Zillow’s chief economist, while former chief economist, Dr. Stan Humphries, has expanded his role to become Zillow Group chief analytics officer and chief economist.

Many Americans are gearing up to purchase a home in the coming years. According to BMO Harris Bank 2015 Homebuyers Report, 52 percent of Americans say they are likely to buy a home in the next five years.

A Trulia survey released Wednesday found that a key selling point for buyers are schools and areas that market quality schools. A good school district can be a determining factor for a buyer when purchasing a home, especially for families with children.

Mortgage applications remained mostly flat for the week ending August 7, 2015, but refinance applications reached their highest point since May 2015, according to the Mortgage Bankers Association's Weekly Mortgage Applications Survey released Wednesday.

As home prices reach a sustainable pace, a demographic shift in demand is moving toward city centers, according to Fitch Rating's second quarter 2015 U.S. Residential Mortgage-Backed Securities Sustainable Home Price Report.

Wells Fargo EVP and head of Home Lending Michael J. Heid announced on Wednesday that he will retire after nearly 28 years with the bank and 11 years with Wells' mortgage division.