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Mortgage Apps Dip Slightly as Refis Level Off

Mortgage Application Pic

Mortgage applications decreased 0.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Sept. 26, 2014.Click to continue

HMDA Analysis: Lenders Could Add Significant Revenues by Increasing Loan Approval Rates by Just 10%

Home Atop Cash/Credit: Creatas

An analysis of the recent 2013 Home Mortgage Disclosure Act (HMDA) data shows that many lenders are sacrificing millions of dollars in missed lending opportunities, according to Click to continue

Senior Equity Hits Seven-Year High

Reverse Mortgage Pic

The National Reverse Mortgage Lenders Association (NRMLA)/RiskSpan Reverse Mortgage Market Index (RMMI), a quarterly measure which analyzes trends in the home values, home equity, and mortgage debt of homeowners 62 and older, has reached 178.91, its highest level since Q4 2007. The RMMI is updated quarterly and tracks back to the start of 2000.Click to continue

Broad-Based Easing of Home Price Gains in July: New S&P/Case-Shiller Data Charts Lethargic Home Price Activity

House and Money Scale

While the summer of 2014 is now history, the latest data from the S&P/Case-Shiller Home Price Indices (HPI) reaffirmed that it was not a profitable season in the housing market.

According to S&P/Case-Shiller, 19 out of 20 cities saw lower annual returns in July, with Cleveland’s rate remaining unchanged at +0.9 percent.Click to continue

FHFA: Rates Plateau in August

Rates Flatline Pic

Nationally, interest rates on conventional purchase-money mortgages decreased slightly from July to August, according to several indices of new mortgage contracts, according to the Federal Housing Finance Agency (FHFA). The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders index was 4.08 percent for loans closed in late August, down one basis point from 4.09 percent in July. Click to continue

Did a Chinese Film Really Boost Seattle Home Purchasing?


Is a Chinese romantic comedy fueling a rush in trans-Pacific investment in pricey Seattle real estate? Or is this simply a case of movie-fueled wishful thinking?Click to continue

Foreign House Hunters Set Their Sights on Hollywood


When it comes to U.S. residential real estate, Los Angeles is the primary gateway destination for international buyers coming from across both oceans and up from Latin America.Click to continue