• Ocwen2.29+0.03 +1.33%
  • Zillow37.59+0.72 +1.95%
  • Trulia47+0 +0%
  • NationStar16.25-0.24 -1.46%
  • CoreLogic41.96-0.14 -0.33%
  • RE/MAX59.35-0.20 -0.34%
  • Fannie Mae2.84+0.23 +8.81%
  • Freddie Mac2.685+0.185 +7.400%
  • Wells Fargo54.56+0.91 +1.70%
  • CitiMortgage60.21+0.77 +1.30%
  • Bank of America23.98+0.35 +1.48%
  • Lennar50.70-0.87 -1.69%
  • Fidelity National Financial40.50+0.46 +1.15%
  • D.R. Horton32.65-0.40 -1.21%
  • PulteGroup22.20-0.88 -3.81%
  • First American40.47+0.59 +1.48%
  • BKFS40.55+0.70 +1.76%
  • AUDUSD=X0.7540+0.0006 +0.0823%
  • USDJPY=X111.0350-0.0260 -0.0234%
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Home >> News >> Secondary Market

Proposal Details Possible GSE Reform Plan

Proposal Details Possible GSE Reform Plan

A key industry organization has released a white paper outlining a GSE reform plan. The paper details how the reform should occur, how to handle the transition, and the secondary market’s role in it all. The organization hopes to work with legislators on creating a bipartisan reform plan.

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Refis Continue Dip, FICO Scores Up

Refis Continue Dip, FICO Scores Up

A new report shows refinancing is continuing its downward trend, declining for the third month in a row this year. Just 37 percent of all closed loans in March were refinance loans. The report also shows closing times down and FICO scores up, particularly on conventional loans.

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A Nation of Overleveraging

A Nation of Overleveraging

A new list reveals the country’s most overleveraged cities—areas where mortgage balances far outweigh home values and median incomes. San Luis Obispo, California, topped the list, with a mortgage debt-to-income ratio of more than 2,000 percent. The market’s historically low mortgage rates are likely to blame for overly ambitious buying.

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Fannie Mae Keeping Its Outlook Steady

Fannie Mae Keeping Its Outlook Steady

The April Economic and Housing Outlook report from Fannie Mae paints a steady picture of an economy the GSE expects to give no big surprises. The combination of potential political unrest home and abroad and a smoothly growing housing market are keeping the GSE’s predictions on the safe side. Still, housing is a significant bright spot this year.

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Refinance Volume Drops as Mortgage Rates Rise

Refinance Volume Drops as Mortgage Rates Rise

Refinances fell in February as mortgage rates rose, according to the Federal Housing Finance Agency’s (FHFA) February 2017 Refinance report. The average interest rate on a 30-year fixed rate mortgage in February 2017 was 4.17 percent, up from January 2017’s 4.15 percent.

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Rising Prices Can’t Stop Home Investors

Rising Prices Can’t Stop Home Investors

Despite rising home prices, investors are still flocking to the market—and in droves. Investment home sales grew 4.5 percent last year, while the average median investment-home price jumped 8 percent. Low mortgage rates helped to keep investors in the market as prices climbed.

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Seniors Are Worth Trillions in Equity

Seniors Are Worth Trillions in Equity

Seniors are sitting on trillions in untapped equity. A recent report noted that retirement-aged homeowners saw an increase of 2.8 percent in home equity, or $170.7 billion, in Q4 2016. This puts their total housing wealth at $6.2 trillion. However, many seniors are still unwilling to tap into this wealth.

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FHFA, GSEs Make Progress on 2016 Goals

FHFA, GSEs Make Progress on 2016 Goals

According to a Progress Report released by the Federal Housing Finance Agency on Wednesday, Fannie Mae and Freddie Mac have made significant movement on goals set forth by FHFA in the 2016 Scorecard. The report notes credit risk transfer programs that reduce taxpayer risk and improved access to credit as just a few of the developments in the last year.

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Wells Fargo Settles Suit, Receives CRA Score

Wells Fargo Settles Suit, Receives CRA Score

Wells Fargo received its Community Reinvestment Act Rating (CRA), in which it received high scores, despite an overall score of "needs improvement." On the same day, the ban announced an agreement in principal to settle a class action lawsuit regarding claims that Wells Fargo opened accounts without the consent of its customers.

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