Freddie Mac reported a four-basis-point increase in the average 30-year fixed mortgage rate
The lender expects to close its latest purchase by March
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%.
The former Senate Banking Committee chairman's letter asks for changes to the QM rule. There's only one problem: it seems to be a fake.
The deal comes weeks after the servicer was urged to cut ties with Ocwen, and the acquisition could weaken hedge fund BlueMountain Capital, which recently took a major bet against the company.
According to Case-Shiller, home prices grew last year at twice the rate of inflation, and new home sales remain weak despite strong economic fundamentals.
More than half of mortgage originators find their careers less rewarding than in the past, but many are still anticipating a brighter future.