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GSEs Address Shutdown Woes

01.18.2019

Fannie Mae and Freddie Mac have issued an additional set of guidelines for lenders to help them assist borrowers, especially federal workers, whose income has been affected by the government shutdown. In a joint letter to lenders, the government-sponsored enterprises (GSEs) said that with the shutdown extending for a longer than anticipated time, they were "concerned about the impact that continued income interruption may have on borrowers' ability to meet their mortgage payment and other monthly obligations."

Sharp Rebound in Mortgage Applications

01.10.2019

Mortgage applications recorded an increase at 23.5 percent this week, on a seasonally adjusted basis, according to the latest Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey. This week's results include an adjustment for the New Year's Day holiday.

The State of Housing Finance

01.04.2019

The change in direction at the Federal Housing Finance Agency (FHFA) would be one of the most important things to happen in housing finance this year, according to experts at the Housing Finance Policy Center at the Urban Institute. "I’ll be watching to see if whatever changes are made will bring more private capital into the market," said Laurie Goodman, VP, Housing Finance Policy Center at the Urban Institute.

Mortgage Applications Continue Downward Trend

12.19.2018

Mortgage applications saw a decline by 5.8 percent on a seasonally adjusted basis, compared to last week, according to the latest Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey.

Addressing Home Price Expectations

12.12.2018

Consumer expectations on home price changes declined to their lowest level during the year, according to the latest Survey of Consumer Expectations released by the Federal Reserve Bank of New York. The monthly survey which published its findings for November revealed that while there was little change in the short- to medium-term inflation expectations, consumers were generally more pessimistic about their expectations on housing and the labor market.

Why Are Mortgage Applications Declining?

12.05.2018

According to a report by the Federal Reserve Bank of New York’s Center for Microeconomic Data, mortgage loan application rates decreased from 7.1 percent in June to 6.7 percent, due to higher mortgage interest rates. However, application rates for mortgage refinancing rose from 7.5 percent in June to 9.2 percent. Overall, mortgage and mortgage refinance application rates remained low in 2018.

Mortgage lenders not easing up on credit scores despite tanking refis

11.27.2018

Average credit scores for mortgage borrowers remain at a 2018 high, a sign that lenders aren't easing standards despite refinance candidates already falling off on higher rates, according to Ellie Mae's Origination Insights report.

New UltraFICO score stokes concerns about data privacy

10.26.2018

A new credit score that includes a consumer’s cash flow alongside their credit score — dubbed UltraFICO — is winning praise for its potential to help expand access to credit but also stoking concerns about its data privacy implications.

Home Sales Decline Though Prices Hold Steady

10.17.2018

RE/MAX has released its RE/MAX National Housing Report for September 2018. The report illustrates a few clear trends, one of which is fewer home-closings as inventory stabilized over the last month. The report also gave a Median Sales Price of $241,000, continuing a 30-month trend of year-over-year price hikes.

How Will Interest Rates Affect Home Buying?

09.26.2018

While real house prices stayed relatively flat month over month, according to the July 2018 First American Financial Corporation, home prices rose 12.2 percent year over year. Additionally, real house prices are 37.9 percent below their housing boom peak in July 2006 and 12.0 percent below the level of prices in January 2000.

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