News

National Association of Home Builders Chairman Ed Brady has spoken to the new adminstration's transition team about the position of FHA Commissioner. Brady spoke with MReport about what changes he would make if he gets the position.

The frigid weather may have arrived just as winter is set to begin, but home sales were anything but cold in November.

While some recent analysis shows the shortage of available homes for sale may continue for a while, some reports indicate that the problem may begin to subside in 2017.

The big storylines of the housing market this year have been short supply and declining affordability, particularly toward the end of the year as mortgage interest rates have risen. Even so, existing-home sales are expected to finish 2016 with their best annual rate since 2006.

The new rule is designed to strengthen the resiliency of the largest bank holding companies and improve the prospects of an orderly resolution for a failed bank, according to the Fed.

What areas will the Consumer Financial Protection Bureau's fair lending team focus on for 2017?

Analysts said that housing starts still had room to grow even after a large October spike. But things did not exactly go that way for starts in November.

Selene adds members to its client relations team and choose an SVP.

With the first Fed rate hike in a year occurring on Wednesday and the average 30-year FRM nearly 20 basis points higher than it was at this time a year ago, lender optimism toward the market has plunged as this year ends and a new one begins.

Lack of housing inventory and rising home prices prove to be favorable conditions for flippers.