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The FHA-loan market, in particular, saw the share of piggyback originations increase over two years, while the pace of growth in conventional lending was more muted, Corelogic said.
August 12
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Mark Calabria is a senior advisor to the Cato Institute. He is the former director of the Federal Housing Finance Agency.
August 12
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The increase in refinance volume in July took place before the mortgage rate collapse in early August that brought the share to over 25%, Optimal Blue data showed.
August 12
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Zillow said the share of listings on its platform that offered concessions topped 33% last month, up from 25% a year earlier.
August 12
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Risks include pushing debt-to-income ratios too high for qualifying and rising costs leading to defaults, all of which affect the secondary markets.
August 12
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The top city, Myrtle Beach, S.C., saw a 23.1% rise in the amount of people aged 65 and over moving in.
August 12
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The financial services regulator believes Mr. Cooper is violating the Fair Debt Collection Practices Act due to its $25 fee for payoff quote statements.
August 12
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