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Updated: 2 hours 33 min ago

Storms impact builder D.R. Horton's estimates

Mon, 10/02/2017 - 07:52
Builder D.R. Horton is revising estimates for cash-flow from operations, certain expenses as a percentage of revenue and its backlog conversion rate in response to recent hurricanes.

Consumer outlook not to blame for slowing existing-home sales

Fri, 09/29/2017 - 15:08
Consumer views on the economy and finances are not to blame for the retreat in existing-home sales in four of the past five months, according to the National Association of Realtors.

Affordability and down payment top challenges for millennials

Fri, 09/29/2017 - 12:06
While millennials were the largest group of home buyers in the past 12 months, many had problems with affordability and the down payment.

California's current homebuilding pace won't tame skyrocketing prices

Fri, 09/29/2017 - 12:06
California appears unlikely to be able to build enough homes in the coming years to put a meaningful dent in skyrocketing housing prices triggered by a shortage of affordable dwellings.

More Bank of America layoffs hit Charlotte

Fri, 09/29/2017 - 09:01
Bank of America is laying off an undisclosed number of technology and mortgage workers in Charlotte and elsewhere, the latest cuts this year to employees in such roles.

More hurricane pain: Fewer homes, shortage of construction workers

Fri, 09/29/2017 - 09:01
Fewer new homes will be finished and added to the housing stock as construction crews go to Texas and Florida to help repair or replace damaged properties.

Mortgage applications decrease slightly as rates rise

Fri, 09/29/2017 - 09:01
Mortgage application activity decreased 0.5% from one week earlier as a decline in refinance volume was only partially offset by an increase in purchases.

Corker’s retirement may change GSE reform calculus

Fri, 09/29/2017 - 09:01
Sen. Bob Corker has been a key voice in the housing finance reform debate. His departure at the end of next year puts a deadline of sorts on his efforts to unwind and replace Fannie Mae and Freddie Mac.

Nationstar preps reverse mortgage bonds with heavy exposure to judicial states

Fri, 09/29/2017 - 09:01
Nearly half of the properties are in New York (30.3%), New Jersey (10.4%) or Florida (8.7%), states that require a court to sign off on a foreclosure, a lengthy process that could affect the timing of payments.

Wells Fargo in settlement talks in Charlotte class-action case

Fri, 09/29/2017 - 05:55
Wells Fargo has agreed to "good faith class settlement negotiations" to resolve a lawsuit that alleges the bank was making "stealth" mortgage modifications that could vastly increase homeowners’ borrowing costs, according to a filing Monday in federal bankruptcy court in Charlotte.

Ginnie accelerates issuer buyouts in response to storms

Thu, 09/28/2017 - 14:34
Ginnie Mae is giving expanded loan buyout authority to certain issuers in order to help them remove loans affected by Hurricanes Irma and Harvey from securitized mortgage pools.

Rockford’s housing market doing better than Illinois overall

Thu, 09/28/2017 - 14:34
The Rockford housing market continues to outpace the rest of Illinois in sales gains and year-over-year price increases, the Rockford Area Realtors said.

Home prices in 20 U.S. cities increase more than forecast

Thu, 09/28/2017 - 14:34
Home prices in 20 U.S. cities climbed more than forecast in July, reflecting solid demand against a backdrop of modest listings of properties, figures from S&P CoreLogic Case-Shiller showed.

Borrowers prefer online contact from their lender

Thu, 09/28/2017 - 11:31
Consumers across all generations, from millennials to baby boomers, want more online and digital communication with their mortgage lender, according to a survey from Velocify.

Equifax follows Wells' crisis management playbook — with a twist

Thu, 09/28/2017 - 08:20
Equifax observed an increasingly well-worn ritual of scandal-ridden firms by jettisoning CEO Richard Smith: apologize, promise to do better in the future, and sacrifice your top executive in the hopes it will ward off action by Congress and regulators.

New-home sales cool, supply jumps as storms strike South

Thu, 09/28/2017 - 08:20
A second straight decline in purchases of new homes, combined with downward revisions for prior months, show a tepid market as results begin to be clouded by the fallout from Hurricanes Harvey and Irma.

Former Long Island mortgage lending executive ordered to pay $20M

Thu, 09/28/2017 - 08:20
The former president of a defunct Long Island, N.Y.-based national mortgage lender was sentenced in federal court in Central Islip to three years of probation and ordered to pay $20 million in restitution to taxpayers.

The last thing Equifax needs is leadership continuity

Thu, 09/28/2017 - 08:20
Inevitably, Equifax’s CEO Richard Smith has left his post. For the credit bureau's sake, let's hope it has a long-term plan that's better than promoting from within.

Home price appreciation slows for the first time in 2017

Thu, 09/28/2017 - 08:20
The rate of growth in year-over-year home price appreciation stabilized in July, after accelerating throughout every month this year, according to Black Knight Financial Services.