Existing home sales in May will increase by 5.8% from the same month last year, the real estate marketplace Auction.com predicts. The company also expects existing home sales to rise 2.9% from April.
Hundreds of lawmakers from both sides of the political aisle are pushing for the Consumer Financial Protection Bureau to grant a grace period for banks, credit unions and other lenders to comply with a new mortgage disclosure rule.
More powerful employment and wage gains are necessary to fuel home purchases, according to mortgage industry economists.
JPMorgan is marketing $379 million of securities backed by a pool of mostly 30-year, fixed-rate residential mortgages.
First Internet Bank of Indiana is expanding its residential mortgage lending in its home state by offering the U.S. Department of Agriculture Rural Development loan guarantee program.
Mortgage professional hiring and new job appointments for the week ending May 22.
Portland English teacher Kevin Topolski won't have to pay his mortgage during the coming school year.
Chicago home buyer Maria Casillas drags her two kids from one prospective home to another, surprised to learn that most everything desirable in her price range is quickly gone. Working-class neighborhoods across much of the country are seeing bidding wars between buyers.
Fannie Mae has a pessimistic outlook on U.S. economic growth following underwhelming first-quarter numbers in 2015, though mortgage market optimism remains thanks to low interest rates.
The cost to rent housing grew at a faster rate than home values in April, as rising rents make it difficult for many consumers to afford a mortgage, according to Zillow's monthly real estate report.
Home purchase loans have once again taken the majority share of originations, although volume shrunk by 11% from the same time last year.
Purchases of previously owned homes unexpectedly fell in April, a sign the industry's recovery remains uneven.
Orange County's housing market came roaring back in April, as home prices climbed to within 7% of the local record and sales hit the highest level in 21 months, according to CoreLogic's monthly housing report.
The Seattle City Council later this month will begin weighing a bill giving some tenants a longer warning period before being evicted and a second bill making it easier for public agencies to buy rental units in order to keep them affordable.
Mortgage rates fell for the first time in a month, cutting costs for buyers during the housing market's busiest time of the year.