Home >> News (page 1261)

News

Mortgage Apps Slip on Slight Rate Increase

Total mortgage application volume, including both purchase loans and refinances, dipped a seasonally adjusted 0.9 percent for the week ending November 7, according to the Mortgage Bankers Association (MBA).

Read More »

Confidence Builds for 55+ Market

The National Association of Home Builders' (NAHB) 55+ Housing Market Index (HMI) measured at a reading of 59 last quarter, up three points from Q2 and nine points from the same quarter last year. It was the highest third-quarter reading since the index was created in 2008, the group said.

Read More »

Cash Sales Share Falls for 20th Straight Month

According to CoreLogic, cash sales made up 33.8 percent of total home sales in August, down from 36.4 percent the year prior. Cash sales peaked at a share of 46.3 percent in 2011 and have fallen continually on a yearly basis every month since the start of 2013.

Read More »

Home Sales Up, Prices Down in Connecticut

Single-family home sales saw a modest uptick in Connecticut in September as prices trended downward for another month, according to a report from the New England-based Warren Group. Trends were also mixed for condominium properties.

Read More »

Labor Market Conditions Improve in October

The Federal Reserve's Labor Market Conditions Index (LMCI) rose 4 points last month, the central bank reported, matching September's revised improvement. The index covers 19 separate indicators, including the national unemployment rate, average hourly earnings, and the transition rate from unemployment to employment.

Read More »

Federal Reserve Finalizes M&A Rule for Financial Firms

The new rule, which goes into effect on January 1, 2015, prohibits a financial company from combining with another company if the liabilities of the newly formed company between the two exceed 10 percent of aggregate consolidated liabilities of all financial companies.

Read More »

Home Value Growth Tops 2% in October

Based on appraisal data from around the country, Quicken Loans reported Tuesday that home values were up 2.03 percent from September to October. At the metro level, values were up month-to-month in 15 of the 27 largest markets.

Read More »

Top New York Bank Regulator Rumored to be Stepping Down

According to multiple reports, Benjamin Lawsky, Superintendent of the New York Department of Financial Services, is considering stepping down from his post and entering the private sector in 2015. Lawsky has made a name for himself by aggressively regulating financial institutions doing business in New York,

Read More »