Technology

A report from Fannie Mae said while the nation’s economy may be growing, it hasn’t reached its full potential yet due to fiscal headwinds.

The median price paid for a home in the nine-county San Francisco Bay Area in May was $519,000, up 1.8% from $510,000 in April and up 29.8% from $400,000 in May 2012.

Barclays is forecasting a year-to-year 9.7% rise in U.S. home prices by the end of 2013 and a 7.2% increase in 2014, based on first-quarter data.

The inaugural International Federation of Finance Museums meeting aims to inspire innovation in the promotion of financial literacy globally and engage the media, academics, policymakers and industry participants.

A MacroMonitor analysis of banking activity during the past few years indicates the steady growth of mobile financial services is rearranging the transaction choices made by most households.

The average consumer rate for a 30-year fixed rate mortgage rose for the sixth straight week in Freddie Mac’s survey, nearing 4%.

During May, there were 148,054 U.S. properties with a foreclosure filing, up 2% from the prior month, but still down 28% compared to May 2012.

The Amherst Securities Group expects to see a significant drop in loan modifications over the next 12 months due in part to rising house prices and lower re-defaults on modifications.

Only two of the 17 Mortgage Industry Equity Composite members closed higher on Wednesday, another down day for the markets as a whole.

Elizabeth Khalil, senior policy analyst—supervisory policy at the FDIC and one of the authors of the FFIEC's social media compliance rules, cleared up some common misconceptions bankers have been concerned about.