In Denver, Titan Lenders Corp., a firm specializing in mortgage services, is headed into 2015 strong after closing the book on one of its best years yet, according to an announcement.
Read More »FHFA Director Says He Is Powerless to Alter GSE Bailout Agreement
As stakeholders continue to battle with the government over what they say should be their share of Fannie Mae and Freddie Mac's profits, the regulator in charge of overseeing the two GSEs says he's not in a position to act on that situation. Watt says he has no plans to change is the GSEs' current bailout agreement with the government, which has allowed the Treasury Department to sweep nearly all of their profits since August 2012.
Read More »Mortgage Fraud Risk Down, But Rising Costs Still Challenging Homebuyers
The findings align with CoreLogic's latest fraud report, which revealed application fraud risk was down across all categories—except home equity lending, which has seen risk indicators rise as demand grows.
Read More »President Increases HUD Budget By $4 Billion for FY 2016
As analysts and critics pore over the details of the White House's proposed budget for fiscal year 2016, the executive department in charge of housing says it hopes to use its share to restore cuts made after 2013's budget sequester.
Read More »Judge Dismisses New York AG’s Claims That Servicer Failed to Comply With Settlement
A federal judge dismissed on Monday allegations from New York's Attorney General that Wells Fargo failed to live up to its end of a historic $25 billion mortgage servicing settlement struck in 2012.
Read More »Strong Finish to 2014 For Texas Housing Market Caps State’s Second-Best Year Ever
Housing in Texas heated up in the final quarter of 2014, capping off the second-best year for the market in the state's history, according to data released by a local Realtor group.
Read More »Despite Slight Downturn, Consumer Sentiment Still at Highest Level in 11 Years
According to a report from the group, more consumers reported improvements in their finances in January than any other time in the past decade, and four in 10 cited income gains as the primary reason. Notably, more of those gains are being reported among households with incomes under $75,000, a group that has seen relatively little of the recovery so far.
Read More »Economic Growth Slows as GDP Expansion for Q4 Falls Short of Economists’ Predictions
According to BEA, the slowdown mostly came from a rise in imports coupled with a decline in exports, a downturn in government spending, and decelerations in nonresidential fixed investment. Those weaknesses were offset by an upturn in private inventory investment and a pickup in consumer spending as falling gas prices left Americans with more discretionary income.
Read More »Homeownership Rate Drops to 20-Year Low
The rental vacancy rate, meanwhile, fell 0.4 percentage points to 7.0 percent on a combination of tighter supply conditions and a rise in demand as homeownership looks like a distant dream for some Americans. In a survey last month, Freddie Mac found 61 percent of adults living in rental housing don't plan to purchase a home within the next three years as housing costs and credit challenges keep them on the sidelines.
Read More »Freddie Mac: Indicators Show More Stability in Housing Market
The index tracks current gauges of purchase applications, payment-to-income ratios, on-time mortgages, and employment and measures them against their long-term stable ranges. A reading between 80 and 120 is considered to be a sign of a stable market.
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