Have buyers and sellers won or lost under new federal mortgage rules? With nearly six months of experience now in hand the answer seems to be that there have been both wins and losses – but not in the way many had predicted Known generally as the Know Before You Owe standards, the new rules went into effect October 3rd. … Read More »

Fannie Mae’s latest economic outlook for the year is counting on housing to double its contribution to GDP in 2014, largely due to new homebuilding activity. Read More »

For the past six years, mortgage delinquencies, often a result of homeowners losing their jobs, created employment among mortgage servicers who process delinquencies and defaults. Now the shoe is on the other foot as declining numbers of delinquencies are costing lenders jobs. Read More »

Nearly half of all sellers in a recent survey are worried that rising mortgage rates will tank buyer demand, a doubling of concern since the first quarter. Read More »

After five consecutive months of declines, the national delinquency rate-borrowers who are past due 30 days or more but not in foreclosure-zoomed 10 percent in June. Read More »

In June the nation’s leading residential mortgage platform reported the highest market share of loans were closed for home purchases as opposed to refinancing mortgages in the two years the company has been reporting monthly origination data. Read More »

Fewer new problem loans, declining levels of negative equity and shrinking inventories of bad loans from the boom era have helped to reduce mortgage delinquencies by the largest year-to-date decline since 2002. Read More »

Despite the housing recovery and home sales running 10.3 percent above the level of a year ago, mortgage originations are falling, signaling weakening refinancings. Read More »

Since late last year, industry experts forecast a drop in mortgage refinancings as rates rise and a revival of purchase mortgages as the housing recovery creates business for lenders willing to working with home buyers. The spring housing market is here and now the mortgage market is following. Read More »

The Federal Reserve’s policy of buying mortgage-backed securities to keep mortgage rates low may be bolstering upper tier home values rather than helping to make homeownership more affordable for entry-level buyers. Read More »