News

Many housing markets are still finding their footing following the unforgettable financial crisis and housing market collapse. Recent data from WalletHub found that the housing market is a major driver of economic growth within major cities.

For the first time in 2015, pending home sales declined in June, slowing momentum in the height of the homebuying summer season.

Stewart Information Services Corp. recently announced that Genady Vishnevetsky has been hired as chief information security officer.

On Tuesday, the Consumer Financial Protection Bureau announced an enforcement action taken against Paymap Inc. for deceptive advertisement practices used to market a mortgage payment program.

The second in a series of three full Committee hearings examining the impact of the Dodd-Frank Act on American prosperity, freedom, and financial stability five years after the controversial law was enacted took place in the House Financial Services Committee on Tuesday.

Recent survey data from Fannie Mae's Economic & Strategic Research group found that many mortgage lenders are still applying credit overlays that are stricter than what Freddie Mac, Fannie Mae, or Ginnie Mae require.

According to a report released Tuesday by the Department of Commerce's Census Bureau, this quarter's homeownership rate is the lowest since 1967 and the rate has been on a steady downward fall since 2009 when the rate was 67.4 percent for the second quarter.

S&P Dow Jones Indices released the results for their S&P/Case-Shiller Home Price Indices on Tuesday, finding that U.S. home prices continued to increase across the country over the last year.

In a letter to the Federal Housing Finance Agency, the National Association of Federal Credit Unions is urging the FHFA to keep the conforming loan limit at its current baseline rate of $417,000 and not let the limit drop any lower, citing that this change could interrupt a still-recovering housing market.

During his first year as the nation's top housing official, Castro has made several policy changes with the intent of increasing opportunity for more Americans to obtain affordable, sustainable housing. Several of those changes are outlined in an announcement from HUD on Monday including helping families and individuals secure quality housing, ending homelessness, and offering housing opportunities to all Americans.