FHFA Reports Drops In Refinances
According to a report from the Federal Housing Finance Agency, total Refinance volume has dropped as mortgage rates have risen. In February 2017, borrowers completed 4,198 refinances through HARP, and [...]
Foreclosures Fall Below Pre-recession Levels
New data shows U.S. foreclosure activity has hit its lowest point since 2006. Now below pre-recession levels nationwide, there was an 11-percent drop in foreclosure filings in Q1 2017. Nearly [...]
ClosingCorp Chosen as Best Service Provider
ClosingCorp recently announced its induction into the Ellie Mae Hall of Fame. The provider of real estate cost data and technology for the mortgage and real estate services industry was [...]
Hensarling Discusses How to Bring Accountability to the CFPB
“The most powerful and least accountable Washington bureaucracy in history” is what Financial Services Committee Chairman Jeb Hensarling called the Consumer Financial Protection Bureau in a blog post on Tuesday. [...]
GSEs Complete 15K in Foreclosure Prevention Actions
An FHFA report reveals the GSEs completed nearly 15,000 foreclosure prevention actions in January, bringing their total to 3.8 million since the beginning of conservatorship. The report also revealed that [...]
Moderate Earners Losing Home Selection
The twin realities of the current U.S. housing market‒‒rising home prices and shrinking inventories in nearly every metro‒‒are increasingly putting homes out of reach for middle-income workers within their cities. [...]
Quicken Reports Widening Appraiser-Homeowner Disconnect
New data shows the disparity between appraised values and homeowner expectations has grown—and for the fourth straight month. A few markets are bucking the trend, many on the West Coast. [...]
Immigrant Homebuyers Helped Post-crisis Bounceback
According to a new report, immigrant homebuyers helped the housing industry recover from the recession in a big way—and it will continue influencing the markets in the years to come. [...]
Construction Jobs Dip Slightly
The number of open construction sector jobs rose to 169,000 in February, still below the cycle high of 238,000 set in July 2016. Additionally, the open position rate, or job [...]