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Refis Continue Dip, FICO Scores Up


Refinancing has continued its downward slope, dipping to just 37 percent of all loan originations in March, according to the March 2017 Origination Insight Report released by Ellie Mae on Thursday. That’s down from February, when refis accounted for 43 percent of all loans, and also down year-over-year. Refinances accounted for 45 percent of loan originations in March 2016.

Applications Go Down While Interest Rates Go Up


According to the MBA Weekly Applications Survey, applications dropped slightly. The Survey found that for the week ending on March 31, applications dropped 1.6 percent from the previous week. The Market Composite Index showed that on an unadjusted basis, applications dropped 1 percent from the previous week, compared to the 1.6 percent adjusted.

CFPB fines Experian $3 million for lying about consumers' credit scores


Experian, one of the nation’s three major credit reporting bureaus, misled consumers by telling them that the credit scores they purchased from the company were the same ones that lenders used to make credit decisions, the Consumer Financial Protection Bureau said Thursday.

New Home Sales Maintain Strong Momentum


New home sales continued their strong 2017 start, rising by more than 6 percent in February from January and by nearly 13 percent from a year ago, HUD and the Census Bureau reported yesterday.

The Fed Funds Rate: Good for the Housing Market?


Conventional wisdom suggests that rising Fed Funds rates are bad news for the still-recovering US Housing Market. 

CFPB Handles Credit Reporting Issues


As of February 1, the Consumer Financial Protection Bureau (CFPB) has handled close to 185,700 complaints from consumers about credit reporting companies (CRC).

Refis Up, Purchase Originations Down


Purchases may be on the decline, but it seems refinances are bucking the trend. According to ATTOM Data Solutions’ Residential Property Loan Origination Report, refinance originations were up 20 percent in Q4 2016—totaling 883,836 and $246 billion. This is up 27 percent over the year.

Half of Buyers Surprised at the Closing Table


Buying a home is stressful enough, but arriving at the closing and learning of unexpected costs can add to the stress. A new survey reveals that 50 percent of homebuyers are surprised at the amount of closing costs when they go to sign closing papers.

West Coast Leading the Charge in Sellers’ Market


In the latest report from Seattle, Washington based Zillow released on Tuesday, San Francisco and San Jose, California top the list of best locations for the seller’s market. Other cities that made the best sellers list includes Denver, Seattle, and Sacramento. Homes in these five locations usually stay on the market for approximately 54 days and rarely see a decrease in home values.

U.S. Residents Satisfied with Home Size


Online real estate marketplace Point2Point Homes recently issued the results of a survey intended to discover home-size preferences across multiple regions of the world. The firm surveyed 29,000 participants across 9 different target countries to find out just how large homes were in various nations.


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