The latest housing starts data is in and it reveals just how much recent disasters have affected various markets
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Home price appreciation throughout the US has convinced many originators that they will be able to continue to make a good deal of business on home refinances.
More than 100 forecasters in a national survey said they expect the home values to reach an average of 5.4 percent year-over-year and that current Federal Reserve policies post some risk of re-inflating the housing bubble.
Bank of America and Wells Fargo may be headed back to court in New York. According to a news item on CNBC, the New York Attorney General is preparing a lawsuit against these two heavyweight mortgage lenders for multiple violations of the historical National Mortgage Foreclosure Settlement Agreement of 2012.
The United States economy has a long way to go even as home values rise and the job market improves.
Public officials and housing analysts are closely watching President Obama's pick to lead the Federal Housing Finance Agency (FHFA), particularly with regard to the future stance on mortgage forbearance and principal reductions of home loans guaranteed by the U.S. government.
The USDA Rural Refinance Pilot program, launched in February of 2012, has drawn criticism from mortgage originators who say there is no profit to be made from the loan.