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Strong demand for rentals will keep pace with new construction over the next few years, the government-sponsored enterprise says.
Higher refinancing activity helped fuel an increase in overall application activity for the week ending Feb. 5, according to the Mortgage Bankers Association.
Redwood Trust said it will stop originating commercial mortgages for securitization and focus solely on investing in bonds backed by commercial mortgages originated by others.
Dallas-Fort Worth home prices were up almost 9% in the fourth quarter in a closely watched housing report.
There were 3.1 million homes and condos sold during 2015, a nine-year high. From the Twin Cities of Minneapolis-St. Paul to Salem, the capitol of Oregon, here's a look at the 10 markets with the biggest year-over-year percent increases in home sales.
The Department of Housing and Urban Development has slowly been moving away from funding transitional housing for homeless to a housing-first model.
Home prices rose in 81% of U.S. metropolitan areas in the fourth quarter, even as the pace of sales slowed from earlier in the year, the National Association of Realtors said.
Arch's mortgage insurance unit saw an increase of over 1,000% in fourth-quarter underwriting income due to a significant decline in losses and loss-adjustment expenses.
Many institutional investors are refusing to purchase mortgages loans until they get assurance from the CFPB that they won't have to pay for others' mistakes. Their pullback could further the slow the issuance of private-label mortgage bonds this year, a huge concern at a time when the majority of home loans are insured by Fannie, Freddie and the FHA.
The Federal Home Loan Bank System was designed to provide liquidity to community lenders and traditional insurers, not to unregulated lenders that circumvent the membership rules.
It's confirmed: 2015 was one for the record books for the Western New York housing market.
An inventory shortage pushed the median price for a single-family home on Oahu to a new record of $733,500 in January, according to the Honolulu Board of Realtors.
The Consumer Financial Protection Bureau's indirect response to Quicken Loans' Super Bowl 50 commercial implicitly warns consumers to be wary of technology, which points to a bigger problem: does the CFPB even know what it wants from the mortgage industry?
Funding needed to construct houses is fairly plentiful, but homebuilders are still having trouble lining up financing to purchase and develop land. As a result, buildable lots are in short supply — and far more expensive.
The San Francisco Bay Area housing market has seen values that have risen to unsustainable levels, according to Fitch Ratings.
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