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Updated: 17 min 49 sec ago

Millennials jumped on lower interest rates to refinance

Fri, 11/03/2017 - 08:30
Millennials took advantage of lower interest rates in September to refinance their mortgages, according to Ellie Mae.

Application volume falls as rates rise to three-month high

Fri, 11/03/2017 - 08:30
Mortgage rates rose to their highest level since July, leading to a 2.6% decrease in loan applications from one week earlier, according to the Mortgage Bankers Association.

Storms drive loan application defect rise in Texas and Florida

Fri, 11/03/2017 - 08:30
Hurricanes Harvey and Irma were responsible for an increase in loan application defects during September in Texas and Florida, according to First American Financial Corp.

Will Hensarling's next job be in Trump administration?

Fri, 11/03/2017 - 08:30
In a somewhat surprising decision, House Financial Services Committee Chairman Jeb Hensarling announced his retirement from Congress on Tuesday, but speculation immediately grew that he could fill a regulatory post.

Housing groups pan GOP swipe at mortgage deduction

Thu, 11/02/2017 - 13:57
Hopes that tax reform might soften a weakening of the mortgage interest deduction were quickly dashed as the GOP plan landed a double punch on the incentive cherished by the mortgage and housing industries.

New Residential weighs shift to a higher gear on Ocwen MSR deal

Thu, 11/02/2017 - 13:57
New Residential Investment Corp. may seek to accelerate the process of transferring more than $100 billion in mortgage servicing rights it agreed to buy from Ocwen for $400 million.

Has Staten Island become unaffordable for first-time home buyers?

Thu, 11/02/2017 - 13:57
Homes on Staten Island are reaching "unaffordable levels," at a time when there are less homes on the market than buyers who want to purchase them.

Freddie expects hurricane losses, but still reports $4.7B profit

Thu, 11/02/2017 - 10:53
A securities settlement, portfolio asset sales and greater interest among smaller lenders helped Freddie Mac compensate for potential losses from the catastrophic hurricane season.

Home buyers are heading south

Thu, 11/02/2017 - 10:53
The majority of out-of-state U.S. home buyers are looking to move south, according to LendingTree.

It's easier to get a mortgage but harder to find a home: Realtors

Thu, 11/02/2017 - 10:53
Recent home buyers found it easier getting a mortgage compared with last year's purchasers, but first-timers are being held back by a lack of inventory and student debt, according to a National Association of Realtors survey.

Colorado residential vacancy rate fourth lowest in the nation

Thu, 11/02/2017 - 10:53
Just 0.69% of residential properties in Colorado have no one living in them. That blows away the national rate of 1.58%.

Late payments on CMBS loans drop again in October

Thu, 11/02/2017 - 10:53
The delinquency rate for U.S. commercial real estate loans in CMBS is now 5.21%, a decrease of 19 basis points from the September level, according to Trepp. That is the second-largest rate drop measured in the last 19 months.

Home-price gains in 20 U.S. cities showed acceleration in August

Thu, 11/02/2017 - 07:47
Home-price gains in 20 U.S. cities accelerated in August amid tight inventories and steady economic growth.

TCF Financial to acquire mortgage lender in Minn.

Thu, 11/02/2017 - 07:47
TCF is looking to diversify its streams of revenue as it dials back auto lending amid concerns about weakening credit quality.

Homebuilders' record deal belies industry's anxiety about taxes

Thu, 11/02/2017 - 07:47
Lennar Corp.'s record takeover of CalAtlantic Group Inc. is a bullish sign for homebuilding in the U.S. Trade groups, meanwhile, worry that lawmakers are about to kneecap the industry.

CFPB launches mortgage performance tool to track delinquencies

Thu, 11/02/2017 - 04:42
The new tool tracks both serious and general delinquencies down to a county level and features interactive charts and graphs.

Cordray's personal appeal to Trump: Save the arbitration rule

Wed, 11/01/2017 - 16:30
CFPB Director Richard Cordray sent a letter to President Trump Monday asking him to veto a Republican resolution to nullify the bureau's arbitration rule.

Home equity beckons, but few ready to embrace it

Wed, 11/01/2017 - 13:24
Home equity lines could double over the next six years. Some banks are actively pursuing the consumer credit opportunity, whereas many still feel stung by the housing crisis, unimpressed by home equity’s comeback so far or fearful of nonbank competition and fraud.

Powell as Fed chair? Five things bankers should know

Wed, 11/01/2017 - 13:24
If President Trump picks Federal Reserve Board Gov. Jerome Powell as its next chair, it may represent the best of all worlds for bankers — a policymaker who will continue the central bank's monetary policy but be open to regulatory changes.

Zombie foreclosures drop in Greensboro, N.C.

Wed, 11/01/2017 - 10:21
There's a handful of zombies out there threatening to wreck your neighborhood or at least create a frightful landscaping nightmare next door.