What change did Fannie Mae and Freddie Mac make to their benchmark mortgage modification interest rates, and how will this change help mortgage servicers?

Recovery nationwide is rising at a steady pace and is inching closer to the last-observed state of normalcy in the housing market, according to data from the National Association of Home Builders.

Rates fell a bit lower this week, but buyers did not hurry to take out a mortgage loan. On top of that, mortgage credit has tightened this month, which could be the reason that buyers were unable to purchase a home.

The progression of homeownership across the U.S. is declining and educational attainment is a leading factor in the direction of these numbers, according to First American Financial Corp.

First-time buyers are often faced with several barriers to homeownership including student loans, down payment savings, and balancing multiple financial priorities, but they ultimately express a desire to own a home.

In the time period following the housing market collapse, private mortgage insurance was not easy to obtain. This left the door open for the FHA to step in to accommodate low-down payment borrowers and pick up more market share. But the tables have since turned.

As the GSE conservatorship surges forward with no hope for reform in the near term, many in the industry cannot help but wonder what will happen next.

Irvine, California-based Sperlonga Data & Analytics, a data aggregation business for non-standard credit data sources, announced an agreement to become the first company to furnish homeowner association (HOA) payment and account status data to Equifax, Inc.

Bank of America announced this week that it has settled mortgage-related complaints with a Federal Home Loan Bank, the bank stated in a filing with the Securities and Exchange Commission.

CalyxSoftware, a provider of comprehensive mortgage software solutions for banks, credit unions, mortgage bankers, wholesale and correspondent lenders, and brokers, announced today that it will host ASCEND16, the company’s first national user conference.