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Mortgage Rate Movement Impacts Apps

06.14.2018

Mortgage rates that went up last week and changing market conditions impacted mortgage loan applications that trended downward during the week, decreasing 1.5 percent from the week earlier, according to the Weekly Mortgage Applications Survey released by the MBA.

FHFA Credit Scoring and Competition

06.05.2018

Homeownership—one of the core components of the American dream—is in trouble. Akin to speeding towards a cliff without brakes, America is facing some of the lowest rates of homeownership in 50 years. Meanwhile, the federal government continues to maintain the status quo regarding the credit scoring models that are permitted to usher consumers to the “doorstep” of underwriting approval. The homeowner demographics are changing significantly, but the credit scoring models have not, resulting in the disenfranchisement of potentially millions of Americans.

Most lenders rely on alternative credit score data to assess risk

05.29.2018

As mortgage lenders continue seeking ways get more trustworthy consumers into the housing market, a majority of them are utilizing alternative credit as a means of assessing borrower risk.

It's the law: Trump signs off on reg relief bill

05.24.2018

WASHINGTON — The most significant regulatory relief legislation since the crisis made it to the finish line Thursday as President Trump signed targeted reforms of the Dodd-Frank Act into law.

Mortgage Applications Slip Again

05.24.2018

Mortgage applications declined 2.6 percent from a week earlier on a seasonally adjusted basis according to data from the MBA Weekly Mortgage Applications Survey released on Wednesday. On an unadjusted basis, total loan application volumes decreased by 3 percent from a week earlier, the data indicated.

As mortgage rates rise, purchase loans hit highest level since 2014

05.16.2018

As mortgage rates continued rising, the percentage of closed home purchase loans grew to its highest level in about four years, according to Ellie Mae's Origination Insight Report.

Fannie Mae Cautious But Optimistic in New Outlook Report

04.17.2018

Amid talk of trade wars, escalating home prices, and rising interest rates, Fannie Mae is remaining optimistic about overall economic growth. In Fannie's April 2018 Economic and Housing Outlook report, the GSE projects higher numbers across the board in housing prices, starts, and originations in all four quarters of 2019, compared to those in 2018.

Homebuyer Optimism Surges

04.10.2018

A growing optimism among homebuyers especially on home prices remaining stable has spurred the numbers on Fannie Mae’s Home Purchase Sentiment Index (HPSI) to rise 2.5 points in March to 88.3. Compared to the same period a year ago, the index increased 3.8 points.

Will dropping tax lien data from credit reporting lead to bad loans?

04.03.2018

In just over two weeks, the three major credit bureaus will make a significant change, deleting the last remaining scraps of tax lien data that exists in consumer reports, an estimated 5.5 million records.

Two-Thirds of Median-Priced Homes Unaffordable to Average Wage Earners

03.30.2018

The first quarter median home prices across more than two-thirds of the nation’s housing markets were not affordable for average wage earners, according to new study from ATTOM Data Solutions.

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