A "pretty amazing balancing act" between low interest rates and rising home prices is reportedly keeping affordability stable at the national level.
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Refinances Could Be Poised for a Major Upswing
The number of borrowers who could either qualify for or benefit from a mortgage refinance has skyrocketed by 1.5 million since January 1.
Read More »Cash-Out Refinances Rise As Borrowers Capitalize on Increased Equities
Cash-out refinance volume rose nearly 70 percent year-over-year in the second quarter of 2015, as borrowers took advantage of the increased equity available to them and historically low mortgage interest rates.
Read More »Analysis Reveals Foreclosure-Related Complaints Declining Faster Than Delinquent Loans
The number of loan servicing, escrow, and payment-related complaints has been relatively stable with the volume of current inventory over the two-year period of 2013 and 2014. As of the end of 2014, the number of such complaints averaged less than one per every 10,000 current loans (0.77).
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