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While home equity gains realized their lowest increase since 2012, the first quarter's rate still helped pull borrowers from underwater as the equity total compiled $5.6 trillion in seven years, according to CoreLogic.
June 6 -
Independent mortgage banks became profitable again at the start of the year after realizing losses of $200 for each loan they originated in the fourth quarter of 2018, according to the Mortgage Bankers Association.
June 6 -
A long list of "preparatory steps" means that any potential Fannie Mae and Freddie Mac initial public offerings are at least three to four years away, according to Raymond James.
June 6 -
Fitch Ratings is considering making adjustments to property valuations used in sizing up private residential mortgage securitizations to better account for possible exposure to uninsured, catastrophic risks.
June 6 - LIBOR
The Mortgage Bankers Association created a template for originators to notify new borrowers when their adjustable-rate mortgage switches to a different index once publication of the London interbank offered rate discontinues.
June 6 -
For the first time since 2012, home prices are falling in metro Orlando, new data and real estate experts say.
June 6 -
Mortgage rates fell to their lowest level since September 2017, with the 30-year down 17 basis points as worries over foreign trade policy continued to roil the markets, according to Freddie Mac.
June 6 -
Cutting the title insurance decision to nearly instantaneous will be the norm in the next 12 to 24 months, according to WFG Lender Services.
June 6 -
The median sale price for single-family homes in Cuyahoga County, Ohio, climbed in May for the third consecutive month, reaching $157,500 in the suburbs and $139,000 countywide.
June 6 -
The company intentionally submitted inaccurate borrower information overstating the number of white applicants, the consumer bureau alleges in a consent order.
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