DSNews Author: Tory Barringer January 8, 2015 The third quarter of 2014 saw more than a quarter of a million American homes return to positive equity, leaving about one in 10 still underwater,CoreLogic said in its Q3 2014 Equity Report released Thursday. According to the company’s latest estimates, an additional 273,000 U.S. homes recovered to a positive […]
Updated: President Announces Reduction in FHA Premiums
DSNews Author: Tory Barringer January 7, 2015 The White House announced Wednesday that the Federal Housing Administration (FHA) will reduce mortgage insurance premiums in an effort to boost U.S. homeownership. Bloomberg first reported Wednesday that FHA will cut its mortgage insurance premiums to 0.85 percent, a 0.5 percentage point reduction. President Obama was expected to make […]
FHA to Reduce Mortgage Insurance Premiums by 0.5 Percent
National Mortgage Professionals – BY: Phil Hall, January 7, 2015 In advance of President Obama’s speech tomorrow in Arizona on housing policy, the White House has issued confirmation that the Administration is directing the Federal Housing Administration (FHA) to cut the annual mortgage insurance premium from 1.35 percent to 0.85 percent. The White House is billing this […]
Leading Economic Indicators Grow For Third Consecutive Month
DSNews Author: Brian Honea December 23, 2014 A popular index gauging leading U.S. economic indicators grew for a third straight month in November, signaling moderate economic growth as the year closes out. The Conference Board’s Leading Economic Index(LEI) increased 0.6 percent in November to 105.5, the group reported. The increase matched October’s improvement and […]
Q3 GDP Revision Pushes Economy to Fastest Growth in a Decade
DSNews Author: Tory Barringer December 24, 2014 A strong revision to consumer spending helped push the economy to its fastest growth rate in more than a decade last quarter. According to a third reading released Tuesday by the Bureau of Economic Analysis (BEA), gross domestic product (GDP) increased at an annualized rate of 5.0 […]
Fannie Mae’s Mortgage Portfolio Plummets; Book of Business Ticks Upward
DSNews Author: Brian Honea January 2, 2015 Fannie Mae’s gross mortgage portfolio took a huge downward turn in November, while the mortgage giant’s Book of Business inched upward, according to Fannie Mae’s November 2014 Monthly Summary released earlier this week. The balance of the gross mortgage portfolio dropped from $4.36 billion in October down to […]
Freddie Mac: Housing Market Weak But Stabilizing
DSNews Author: Scott Morgan December 24, 2014 Freddie Mac’s latest Multi-Indicator Market Index(MiMi) report finds the U.S. housing market weak but stabilizing at year’s end. The index, released Tuesday, shows that 70 markets are inching upwards, including San Jose and Pittsburgh, which have finally joined the forward momentum. The national MiMi value stands at […]
Lenders Appeal Court Decision Allowing HOAs to Extinguish Mortgages
DSnews Author: Brian Honea October 15, 2014 Several mortgage lenders have asked the Nevada Supreme Court to reverse a decision it made in September that a homeowners association’s (HOA) super priority lien can extinguish a first deed of trust nonjudicially on a residential property. Last month’s ruling, which was issued by only a 4-3 […]
Survey: Nearly 70 Percent of Industry Professionals See Lower Down Payment As Positive
DSNews Author: Brian Honea December 11, 2014 The majority of mortgage industry professionals said they believed that the lowering of the down payment to 3 percent for first-time home buyers by Fannie Mae and Freddie Mac was a step in the right direction for the housing market, according to Collingwood Group‘s November 2014 Mortgage Industry […]
Nearly 70 Percent of Industry Professionals See Lower Down Payment As Positive
Author: Brian Honea December 11, 2014 The majority of mortgage industry professionals said they believed that the lowering of the down payment to 3 percent for first-time homebuyers by Fannie Mae and Freddie Mac was a step in the right direction for the housing market, according to the Collingwood Group‘s November 2014 Mortgage Industry Outlook Report […]
