House prices rose 7.71% over the 12 months ended March 31, but slowed to a 3.84% annual rate in the first quarter, according to the Office of Federal Housing Enterprise Oversight.House prices rose 0.96% in the first quarter, compared with 3.71% in the fourth quarter. "The moderation in the growth of house prices is welcome, because continued price jumps like those of the fourth quarter would raise the potential for declines later on," OFHEO chief economist Patrick Lawler said. The first-quarter number, 0.98%, is the lowest increase in prices since the second quarter of 1998, which registered a 0.81% increase.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
April 25