Residential Real Estate

Mortgage Rates Drop Again

Mortgage Rates Drop Again

Following a mild decline last week, the 10-year Treasury yield rose 1 basis point this week. The 30-year mortgage rate similarly remained relatively flat, falling just 1 basis point to 3.89 percent. Mortgage rates are continuing to hold at low levels amidst ongoing economic uncertainty.

Fannie Mae And Freddie Mac Fail Annual Stress Test Again

Fannie Mae and Freddie Mac could require as much as a $99.6-billion government bailout in the event of severe economic downturn, according to the Federal Housing Finance Agency’s (FHFA) annual “stress test” released this week.

Fannie And Freddie Stick With Outdated Credit Scoring

Fannie And Freddie Stick With Outdated Credit Scoring

If you’ve been waiting for the long-anticipated news that the two dominant players in the home mortgage arena – Fannie Mae and Freddie Mac – finally have decided to overhaul their outdated credit scoring systems to expand homeownership opportunities for a broader range of consumers, sorry. Your wait just got a lot longer.

PHH Settles With DOJ For Over $74M

PHH Corp.. PHH Mortgage Corp. and PHH Home Loans (collectively, PHH) have agreed to pay the United States $74,453,802 to resolve allegations that they violated the False Claims Act.

NAMB July 2017 Survey Shows Gen X Dominates The Mortgage Market

Gen Xers, the demographic cohort following the Baby Boomers and preceding the Millennials, are dominating the mortgage market, according to the results of the National Association of Mortgage Professionals’ most recent monthly member survey.

Loan Delinquencies Approach 10-Year Low In May

The share of mortgages nationwide that went from current to 30 days past due was 0.8 percent in May 2017, compared with 0.9 percent in May 2016 and approaching a 10-year-low, according to a recent report from CoreLogic, a global property information firm.

Mortgage Applications Drop Slightly, Rates Remain Flat

Mortgage applications decreased 2.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 28, 2017.

NAR Announces New CEO

The National Association of Realtors announced in a video yesterday that former senior vice president and 30-year industry veteran Bob Goldberg has been selected as the organization’s new CEO.

Freddie Mac Reports Strong Second Quarter 2017

Freddie Mac today reported its second quarter results and filed its Form 10-Q with the U.S. Securities and Exchange Commission (SEC), available now on the company’s website, along with the second quarter 2017 financial results supplement.