Bank of America has officially won its battle against the Department of Justice six months after an appeals court threw out the $1.27 billion penalty against the bank for selling toxic RMBS.
Read More »More First-Time Buyers Getting Agency Purchase Loans
While some recent industry reports have said that first-time buyer volume of agency purchase loans is declining, one analysis reported that it is "alive and well."
Read More »Spokesman: Carson Was Not Offered HUD Secretary Job
A spokesman for Dr. Ben Carson said that the former Republican presidential candidate had not been offered the HUD Secretary job, contrary to an earlier media report.
Read More »New Home Sales on a ‘Slow, Steady Upward Trend’
While the road uphill for new single-family home sales has been lengthy and slow, it has nonetheless been uphill.
Read More »FHFA Raises Maximum Loan Guarantee Limits
The new maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2017 will increase for the first time in a decade, according to the FHFA.
Read More »The Search for the ‘Missing’ Mortgage Loans
Lenders are missing out on a fair number of loans due to tight lending standards, according to one analysis.
Read More »Fitch: Non-Bank Servicers Will Expand Market Share
Non-bank servicers' share in the mortgage market has been steadily increasing in the last few years, and it is expected to get even larger in 2017. The driver behind the growth is expected to be different than previous years, however.
Read More »Sizing Up the Housing Sector for 2017
NAR Chief Economist Lawrence Yun and Atlanta Fed President Dennis Lockhart discussed economic conditions they believe will result in a “net positive” for housing next year.
Read More »Carson Confirms HUD Offer is ‘On the Table’
Former Republican presidential candidate Ben Carson confirmed that he has been offered the job of HUD Secretary by President-elect Donald Trump.
Read More »Existing-Home Sales Flourishing Despite Headwinds
Inventory is tight and prices are outpacing incomes, but that did not stop existing-home sales from reaching a post-recession high.
Read More »