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Housing affordability rose close 1 percentage point up to 74.9 percent in the fourth quarter of 2012, according to the NAHB's Housing Opportunity Index.
Read More »Housing Affordability Climbs Higher in Q4
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LPS Introduces Listing Alerts for Servicers
Lender Processing Services, Inc. (LPS) introduced It's Listed! Alerts as a way to let servicers know when properties in their portfolios show up on MLS.
Read More »Appeals Court Affirms MERS’ Authority to Assign Mortgages
A three-judge panel of the U.S. Court of Appeals for the Ninth Circuit has affirmed, without hearing, an order dismissing claims against Mortgage Electronic Registration Systems, Inc. (MERS), according to a release from MERSCORP Holdings.
Read More »Fitch: Recent RMBS Proposals Don’t Stack Up Against Guidelines
Some recent RMBS transactions reviewed by Fitch have strayed away from guidelines designed to create sound assurances about origination and underwriting quality.
Read More »Inspector: Better Guidance Needed from FHFA on Multifamily Loan Exams
FHFA's inspector general says in a new report that the agency needs to provide better guidance for investigators examining the GSEs' multifamily loan portfolios.
Read More »Zillow: Home Values Reach 8 1/2-Year High
Home values rose for the 15th consecutive month in January, according to Zillow's most recent Real Estate Market Reports.
Read More »Monitor: Servicers Have Paid $46B in Relief Since National Mortgage Settlement
The servicers involved in last year's settlement have provided assistance in the amount of $45.83 billion to 550,000 homeowners, according to the Office of Mortgage Settlement Oversight.
Read More »Conference Board: Economic Indicators Looking Up
Both leading economic indicators and lagging economic indicators for the U.S. economy rose in January, according to the Conference Board.
Read More »Illinois Sees Gains in Prices, Sales in January
The steady housing improvement seen in Illinois throughout 2012 is poised to continue in 2013, if January's numbers are anything to go on. According to the Illinois Association of Realtors, statewide home sales (including single-family homes and condominiums) totaled 8,502 in January, up 31.1 percent from 6,484 in January 2012.
Read More »Florida Housing Market Beats Winter Chill
Florida's housing market continued its upswing into the new year, according to the latest housing data released by Florida Realtors. Statewide closed sales of existing single-family homes totaled 13,679 in January, up 11.7 percent year-over-year, the group reported. Meanwhile, pending sales--contracts signed but not yet completed or closed--for existing single-family homes rose 31 percent.
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