Headlines and Blogs from Around the Web
Current mortgage rates are low and the effects of low mortgage interest rates may be trickling up to housing.
Virginia Attorney General Mark R. Herring (D) on Monday dropped JPMorgan Chase from a mortgage securities lawsuit against the country’s biggest banks, after learning that his predecessor Ken Cuccinelli (R) had already struck a confidential settlement with the bank.
As the housing market continues to mend, analysts find the young-adult sector of the market is lagging. Some feel the lack of young first-time buyers is the main component holding the housing market back. However, this may not be the case everywhere.
The 30-year fixed-rate mortgage rate spiked to 4.23 percent this week, well above last week's 4.12 percent. The rate now stands at its highest level since May, but is below the 4.50 percent of a year ago.
U.S. Housing and Urban Development Secretary Julian Castro said a decline in lending backed by the Federal Housing Administration reflects a broader drop in the mortgage market and isn’t specific to the government insurer.
Oklahoma City-based Novad Management Consulting is the newest loan servicing contractor for Home Equity Conversion Mortgages (HECM), among other single-family Federal Housing Administration (FHA) loans, as of the end of September.
The couple, who had just had twins, thought everything was on track when their mortgage application was approved and the closing for their new Virginia home was scheduled.
Brian Moynihan has led Bank of America through its darkest period, punctuated by its nearly $17 billion settlement recently with the Justice Department.
Mortgage originations fell 11 percent in 2013 as rates ticked higher and remained at 20-year lows in the case of loans for home purchases, according to information released on Monday by the Federal Reserve.
The government-sponsored mortgage giants, facing pressure to end their reliance on old credit-scoring models from Fair Isaac Corp., are working with their regulator to study newer alternatives.
HUD’s contain-and-dismiss counterattack plan in the first non-borrowing spouses’ (NBS) lawsuit (we’ll call it Bennett 1.0) worked like a charm, for a while.
Higher levels of student debt will reduce U.S. home sales by around 8% this year, according to a report released Friday by John Burns Real Estate Consulting, an advisory firm.
A congressional subcommittee is taking a closer look at the Justice Department’s recent multi-billion-dollar settlements with the big banks.
If you invest in a retirement account or rely on a public pension, you may find yourself footing the bill for the U.S. Government’s recent spate of headline mortgage settlements with the nation’s largest banks.
With current mortgage rates near their best levels of 2014, the FHA Streamline Refinance is easier for which to qualify.
The Mortgage News Ticker is a collection of news articles, magazine stories and blog posts from around the web. The opinion expressed are those of the news sources and do not reflect that of National Mortgage Professional Magazine, NationalMortgageProfessional.com, NMP Media Corp. or its affiliates.