RSS Homeowners News

  • This is how Amazon HQ2 is impacting surrounding housing markets
    It’s no secret that Amazon’s presence has the ability to make or break a housing market, so it should come as no surprise that metros surrounding its upcoming HQ2 location are now thriving. If you want to purchase a home in Arlington or Alexandria, Virginia, which are the two closest cities to HQ2's home of Crystal City, you’ll need some […]
  • This is how childcare and student loans influence housing affordability
    Americans are making tough choices to be able to afford housing. More than a third of renters and homeowners have been forced to reduce spending on essential items like food and utilities in the past two years, according to a Freddie Mac report.
  • Urban Institute: Gap slowly closing for Hispanic homeownership
    A recent study by Urban Institute shows that only two U.S. cities have successfully closed the gap between Hispanic and non-Hispanic white ownership. In order to analyze the disparity, Urban Institute studied the 100 U.S. cities with the largest number of Hispanic households. Here's what they found.
  • Mortgage borrowers will be just fine when the economy slows
    An economic slowdown has been widely forecasted, and this brings into question its inevitable impact on the housing market. But while a slowing economy typically causes a rise in mortgage delinquencies, Capital Economics predicts the impact will be minimal, as most borrowers should have no problem keeping up with their mortgage payments.
  • Apathetic home sales dampen price growth
    Home prices are continuing to appreciate, just not as rapidly as before. Prices rose by 3.4% in June from the year before, according to the latest data from CoreLogic. CoreLogic Chief Economist Frank Nothaft said apathetic home sales are to blame. "Tepid home sales have caused home prices to rise at the slowest pace for […]

RSS Housingwire Real Estate News

  • Capital Economics: Expect home prices to increase as mortgage rates drop
    For the last two weeks Freddie Mac reported 30-year, fixed-rate mortgages averaging 3.6%, a three-year low. These rates, combined with tight housing inventory will lead to an increase in home prices, Capital Economics said in a report on Monday. The report predicts a 3% rise in prices for 2019.
  • MBA lowers rate forecast and boosts lending outlook
    Mortgage Bankers Association issued a new forecast that predicts the U.S. rate for a 30-year fixed mortgage will average 3.7% in the third and fourth quarters of 2019, down from the 3.9% the group predicted for the same periods a month ago. Lower mortgage rates will boost loan originations 15% compared to last year, according […]
  • July’s home sales ends a nine-month climb of annual inventory growth
    In July, home sales grew 2.4%, effectively ending a nine month climb of year-over-year inventory growth, according to the RE/MAX National Housing Report. RE/MAX said the number of homes for sale fell 1.4% from 2018's level and 0.2% from the previous month. RE/MAX CEO Adam Contos said July sales snapped back after a tepid June […]
  • HUD officially abandons new rules for down payment assistance on FHA mortgages
    The Department of Housing and Urban Development announced late last week that is officially bailing on a contentious set of changes to its rules for down payment assistance on mortgages insured by the Federal Housing Administration after the initial proposal led to the agency being sued by a Native American group.
  • These are the housing market's most expensive small towns
    While housing affordability has fallen across the board, reports often suggest that metropolitan cities are experiencing the most dramatic declines. However, a report from LendingTree indicates that homeowners living in America’s small towns are also feeling the burn. According to the company, Vineyard Haven, Massachusetts; Summit Park, Utah and Breckenridge, Colorado are the now the […]

RSS Lending News

  • Former loanDepot Chief Technology Officer Dominick Marchetti lands at Guaranteed Rate
    loanDepot CEO Anthony Hsieh shocked the mortgage business a bit earlier this month when he announced that the company’s chief technology officer, Dominick Marchetti, was leaving. At the time, Hsieh wished Marchetti well on his “continued professional journey,” but did not say where Marchetti was going. Well, it's not a mystery anymore. HousingWire can now report […]
  • MBA lowers rate forecast and boosts lending outlook
    Mortgage Bankers Association issued a new forecast that predicts the U.S. rate for a 30-year fixed mortgage will average 3.7% in the third and fourth quarters of 2019, down from the 3.9% the group predicted for the same periods a month ago. Lower mortgage rates will boost loan originations 15% compared to last year, according […]
  • CFPB offers financial relief to harmed veterans
    In a proposed settlement with several lenders allegedly offering high-interest credit to veterans, the Consumer Financial Protection Bureau offered redress to harmed veterans and consumers. The CFPB and the Office of the Arkansas Attorney General filed a proposed settlement with Andrew Gamber, Voyager Financial and SoBell. The lenders are accused of brokering contracts offering high-interest […]
  • HUD officially abandons new rules for down payment assistance on FHA mortgages
    The Department of Housing and Urban Development announced late last week that is officially bailing on a contentious set of changes to its rules for down payment assistance on mortgages insured by the Federal Housing Administration after the initial proposal led to the agency being sued by a Native American group.
  • Add another 6 months to Fannie, Freddie recap and release timeline
    In a note to investors obtained by HousingWire, Cowen Washington Research Group on Friday said the new rule for the “recap and release” of Fannie Mae and Freddie Mac probably is at least six months away. “We suspect FHFA will reissue the rule out of an abundance of caution,” Jaret Seiberg, Cowen’s managing director, said […]