The National Association of Realtors (NAR) said Friday that sales of pre-owned homes rose 2.4 percent month-over-month in December to a seasonally adjusted annual rate of 5.04 million. It was the sixth time in the past seven months in which existing-home sales topped an annual rate of 5 million.
Read More »Mortgage Rates Mixed in Weekly Reports
Freddie Mac's weekly Primary Mortgage Market Survey saw a slight drop in the 30-year fixed rate to an average 3.63 percent (0.7 point) for the week ending January 22, the company reported Thursday. With the decline, the 30-year fixed-rate mortgage (FRM) remains at its lowest average since May 2013.
Read More »FHFA House Price Index Up 0.8% in November
Based on home sales price information from mortgages sold to and guaranteed by the GSEs, the Federal Housing Finance Agency (FHFA) reported that its House Price Index rose a seasonally adjusted 0.8 percent month-over-month in November.
Read More »CFPB Fines Wells Fargo, JPMorgan Over Alleged Mortgage Kickbacks
In an announcement on Thursday, the Consumer Financial Protection Bureau (CFPB) said loan officers at Wells Fargo and JPMorgan Chase accepted cash, marketing materials, and consumer information in exchange for business referrals to Genuine Total, a now-defunct title firm formerly headquartered in Maryland.
Read More »Fannie: Economy to Drag ‘Unspectacular’ Housing Activity Up
Fannie's 2015 economic forecast, released Thursday, is less a picture of a purely positive housing market than an expectation of an economy so strong across several key growth sectors that it will propel the national housing market to greater heights than in 2014.
Read More »Accurate Group Announces Support for Fannie Mae’s CU
In Ohio, Accurate Group announced its support for the imminent release of Fannie Mae's Collateral Underwriter (CU) in the form of enhanced appraisal processes, updates to the company's Valuation Compliance Report (VCR), and training and certification of its appraisal review team.
Read More »Supreme Court Hears Disparate Impact Arguments
Members of the U.S. Supreme Court convened Wednesday to spar with attorneys—and each other—in a case that could narrow long-held interpretations of a federal law barring housing discrimination.
Read More »Auction.com Adds Two VPs to Single-Family Division
The nation's leading online real estate marketplace,Auction.com, has announced the addition of two executives, Rob Behrend and Hauke Schupp, to its single-family residential division.
Read More »Economists: Signs Point to ‘More Robust Year’ for Housing
In the wake of the National Association of Home Builders' (NAHB) latest confidence index, builders convened in Las Vegas this week to discuss housing trends over the last few months and what they expect to see in 2015.
Read More »Flipping Beats Out Renting as Top Home Investor Strategy
Though various reports have suggested in the last year that flipping opportunities are dwindling, Auction.com's latest survey affirms that flipping is still going strong: 50 percent of investors said they intended to flip the homes they purchased, compared to 47.3 percent who said they intended to rent them out (2.7 percent were undecided).
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