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. more »
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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?
The San Francisco Bay Area housing market has seen values that have risen to unsustainable levels, according to Fitch Ratings.
The Fannie Mae Home Purchase Sentiment Index fell 1.7 points to 81.5 in January, reflecting the effects of decreasing housing affordability.
Homebuyers were active, but price sensitive, in the Albuquerque metro area in 2015, driving single-family home sales to the highest level since the housing bubble, but keeping prices close to where they were during the bust that followed.
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