Reform group finds “disturbing pattern” against people of color and low income borrowers
The mortgage delinquency rate for one-to-four-unit residential properties rose 4.80% on a quarter-to-quarter basis during the last three months of 2016, a survey by the Mortgage Bankers’ Association (MBA) revealed
New home sales hold steady… European investors flock to Manhattan’s real estate… Seattle sees surge in residential towers as more people move downtown…
The new integrated disclosure rule set to take effect in August will combine some disclosures consumers receive when applying for a mortgage. We asked mortgage pros how they think the new rules will affect business.
Concerns over the GSEs weak earnings “should serve as a wake-up call to Congress to move quickly to advance housing finance reform,” according to NAHB chairman.
The two banks are inching closer to a settlement with federal litigators regarding allegations the two Wall Street companies mislead investors in mortgage bonds that decreased in value during the economic downturn.
Are builders only interested in the needs of the affluent?... Reuters poll: U.S. housing market to gain steam… Prices set to rise says Kroll Ratings…
The share of distressed sales in December reached a seven-year low and is inching closer to the pre-financial crisis share of 2%.