• Ocwen2.71+0.04 +1.50%
  • Zillow42.87-0.36 -0.83%
  • Trulia47+0 +0%
  • NationStar17.37-0.19 -1.08%
  • CoreLogic41.81+0.10 +0.24%
  • RE/MAX55.25-0.40 -0.72%
  • Fannie Mae2.81+0.08 +2.93%
  • Freddie Mac2.675+0.055 +2.099%
  • Wells Fargo53.02-0.72 -1.34%
  • CitiMortgage61.07+0.37 +0.61%
  • Bank of America24.00-0.07 -0.29%
  • Lennar50.39-0.60 -1.18%
  • Fidelity National Financial40.39-0.08 -0.20%
  • D.R. Horton33.07-0.18 -0.54%
  • PulteGroup22.75-0.27 -1.17%
  • First American41.66-0.40 -0.95%
  • BKFS39.10+0.20 +0.51%
  • AUDUSD=X0.7384+0.0006 +0.0745%
  • USDJPY=X113.2800-0.5410 -0.4753%
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Home >> News (page 965)

Freddie’s Outlook Portrays a Roller Coaster Housing Market

Freddie’s Outlook Portrays a Roller Coaster Housing Market

Mortgage giant Freddie Mac released an economic outlook Tuesday that portrays the housing economy as one cramped by recent turmoil, with less-than-favorable signs for a recovery despite historically low interest rates and home prices. Comparing the economy to a roller coaster, the outlook forecasts a long ride ahead for a gasping recovery, with interest rates and home prices sure to remain low. The outlook cites employment numbers, economic growth, mortgage rates, and home prices.

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Trulia: Home Affordability Outpaces Rental Costs

Trulia: Home Affordability Outpaces Rental Costs

Volatile markets and low home sales are colluding to force mortgage rates to historic lows and sellers to mark off home prices, making actual home purchases less expensive than renting in cities across the United States. Buying a home fell below renting costs in 74 percent of the country's 50 largest cities over July, with 12 percent of cities seeing higher price tags for apartments than for houses, according to real estate Web site Trulia. Bottom line: Peak numbers for home affordability make closing on rates a better deal.

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Bank Failures Hearing Goes After Regulators

Bank Failures Hearing Goes After Regulators

With the latest bank failure tallying up numbers for 2011 at 64, lawmakers convened a field hearing in Georgia Tuesday to determine whether risk-wary authorities are to blame for folding institutions and federal rescues. Appearing as witnesses, several bank presidents complained of a stifling regulatory environment, which federal regulatory authorities, in turn, portrayed as needed and helpful in the wake of the financial crisis. According to the FDIC, this year's 64 failures followed 157 from last year, which built on 140 failures over 2009, totaling 380 failures since 2008.

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Ellie Mae Makes Major Acquisition

Ellie Mae Makes Major Acquisition

Ellie Mae. is growing its customer base and mortgage origination facilitation through the acquisition of Del Mar DataTrac, Inc. The recently announced transaction is projected to increase Ellie Mae's market share, putting them on track to originate nearly 30 percent of all residential mortgages in the U.S. this year.

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WFG Welcomes New VP

WFG Welcomes New VP

WFG National Title Insurance Company has a new vice president of sales and marketing, with the hiring of Wendy Lunt. Lunt├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós appointment is WFG├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós most recent step in growing its newly acquired Puget Sound division.

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CFPB Joins FTC Consumer Complaint Database

CFPB Joins FTC Consumer Complaint Database

The Consumer Financial Protection Bureau joined an exclusive law enforcement club Monday as it announced an agreement with the Federal Trade Commission that makes it a full-fledged member of the Consumer Sentinel Network. Law enforcement agencies and personnel will now be able to view consumer complaints the CFPB submits about credit issues, debt collection, and - eventually - mortgage lending practices that complainants report. An FTC spokesperson says the CFPB will eventually add mortgage lending complaints.

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NAHB: Few Gains in Homebuilder Confidence

NAHB: Few Gains in Homebuilder Confidence

The market remains a dim one for new single-family homes, according to an index jointly released by Wells Fargo and the National Association of Home Builders. The index registered confidence at 15 on a 0-to-100 scale, staying largely the same since July. The low confidence follows a hit taken by homebuilding companies in the stock market last week. Analysts and economists weighed in with MReport about how slowing momentum in home construction and sales, as reflected by homebuilder confidence, impacts job creation and consumer confidence.

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Freddie: Refinancing Homeowners Prefer Fixed-Rate Loans

Freddie: Refinancing Homeowners Prefer Fixed-Rate Loans

More homeowners and mortgage borrowers who chose to refinance their loans opted for the fixed-rate loan instead of adjustable-rate mortgages over the second quarter this year, according to a Freddie Mac quarterly report released Monday. The GSE held that some 37 percent of borrowers refinancing their mortgages moved forward with 15- and 20-year loans. Refinancing borrowers nodded toward these fixed-rate loans in increasing numbers, according to the report.

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New Jersey Honors Mortgage Pros

New Jersey Honors Mortgage Pros

New Jersey loan specialist, Shelley Solari, has been honored among the state├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós top mortgage professionals. New Jersey Monthly├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós New Jersey 2011 Mortgage Professionals list recently honored Solari for her service.

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