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Dedicated accounts encourage saving for a down payment

National Mortgage News - 22 min 15 sec ago
Potential first-time home buyers can save money for a down payment if they are able to use a special account just for that purpose.

Islamic banking: How do you make money on a no-interest loan?

National Mortgage News - 22 min 15 sec ago
Credit unions have a long history of serving immigrants and other underserved populations, but meeting the unique challenge of complying with Shariah law is no mean feat.

Housing finance reform next on to-do list for Trump and Congress

National Mortgage News - 22 min 15 sec ago
The White House and congressional GOP leaders are eyeing a tight window between tax reform passage and the 2018 midterms to pass housing finance reform. And with key policymakers readying their exit, the effort could be the most concerted push yet.

In Toronto, world's hottest housing market starting to boil over

National Mortgage News - 22 min 15 sec ago
Toronto-area land prices have gotten so high that developers are struggling to build new homes that people can afford.

4 Michigan counties unite to curb foreclosures

National Mortgage News - 22 min 15 sec ago
The treasurers from Hillsdale, Branch, Jackson and Lenawee counties assembled at the Jackson County Commission Chambers recently in an effort to stem the tide of foreclosures in south central Michigan.

Mortgage delinquencies rise following the three hurricanes

National Mortgage News - 22 min 15 sec ago
The three major hurricanes that caused so much devastation during August and September was largely responsible for the third-quarter increase in mortgage delinquencies.

Long Island home prices rise as inventory dips

National Mortgage News - 22 min 15 sec ago
Long Island real estate prices climbed last month, as buyers got into bidding wars over a dwindling supply of homes.

People on the move: Nov. 17

National Mortgage News - 22 min 15 sec ago
Mortgage industry hiring and new job appointments for the week ending Nov. 17.

Faster mortgage closings could boost fraud, risk consultant warns

National Mortgage News - 22 min 15 sec ago
Closing mortgages more quickly could introduce efficiencies but it also could introduce fraud risks if done without strong identity verification procedures in place, LexisNexis Risk Solutions finds.

First-time buyer market to surpass overall housing pace in 2018

National Mortgage News - 22 min 15 sec ago
Over half of mortgage industry executives anticipate first-time home buyer growth in 2018, estimating that market will grow at a faster pace than the overall housing market, according to Genworth Financial.

Home starts reach highest level in a year, permits rise

National Mortgage News - 22 min 15 sec ago
New-home construction rebounded in October to the fastest pace in a year, partly reflecting recovery efforts in the hurricane-stricken South.

Wells Fargo fires head of consumer lending

National Mortgage News - 22 min 15 sec ago
The San Francisco company said Friday that it has terminated Franklin Codel, effective immediately, over an interaction he had with a former employee regarding that employee's termination.

How a new CFPB head may revamp rules, enforcement

National Mortgage News - 22 min 15 sec ago
A new Republican director of the Consumer Financial Protection Bureau is likely to take immediate action to change certain rules, including the "qualified mortgage" and payday rules, while curbing pending enforcement actions that are considered too harsh on financial firms.

Fannie, Freddie returning to low-income housing tax credits

National Mortgage News - 22 min 15 sec ago
The FHFA is allowing Fannie Mae and Freddie Mac to invest in the credits for the first time since they entered conservatorship. Its purpose is to promote affordable housing in underserved markets.

Foreclosures continue to fade in Southwest Florida

National Mortgage News - 22 min 15 sec ago
Most homeowners in Southwest Florida are no longer threatened with losing their properties to foreclosure.

JPMorgan's next RMBS backed by prime jumbo ARMs

National Mortgage News - 22 min 15 sec ago
That’s an about-face from the bank’s previous transaction, completed in October, which was backed by fixed-rate mortgages, nearly half of which were underwritten to standards for purchase by Fannie Mae or Freddie Mac.

8 markets where housing inventory is actually growing

National Mortgage News - 22 min 15 sec ago
Housing inventory nationwide has declined for more than two years. But in a small number of markets, the number of homes for sale is growing.

Texas home prices have skyrocketed since 2006

National Mortgage News - 22 min 15 sec ago
Four Texas markets have had the most home price appreciation in the country during the last decade.

Is there a Black Friday for the Bay Area housing market?

National Mortgage News - 22 min 15 sec ago
Bay Area homebuyers beware. Among the nation's 100 largest housing markets, San Francisco, San Jose and Oakland — in that order — are the least likely places to find a price cut on a home for sale.

Mortgage rates bounce to their highest level since July

National Mortgage News - 22 min 15 sec ago
Mortgage rates moved to their highest mark since July and the 10-year Treasury yield ticked up 6 basis points, according to Freddie Mac.