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Homeowners with mortgages have collectively seen their equity increase 11.8 percent year-over-year during the third quarter, representing a 12-month gain of $870.6 billion, according to new data from CoreLogic
Home Equity Levels Rise in Q3
Homeowners with mortgages have collectively seen their equity increase 11.8 percent year-over-year during the third quarter, representing a 12-month gain of $870.6 billion, according to new data from CoreLogic.   Furthermore, CoreLogic... Read more
Mortgage rates were up this week, according to the latest Freddie Mac Primary Mortgage Market Survey (PMMS)
Mortgage Rates and Credit Availability Rise
Mortgage rates were up this week, according to the latest Freddie Mac Primary Mortgage Market Survey (PMMS).   The 30-year fixed-rate mortgage (FRM) averaged 3.94 percent for the week ending Dec. 7, up from last week when it averaged 3.90... Read more
The Federal Housing Administration (FHA) has announced that it will cease insuring new mortgages on properties that include Property Assessed Clean Energy (PACE) assessments
FHA Stops Insuring Mortgages With PACE Assessments
The Federal Housing Administration (FHA) has announced that it will cease insuring new mortgages on properties that include Property Assessed Clean Energy (PACE) assessments.   The PACE policy was announced in July of 2016 and was... Read more
The Senate Banking Committee has advanced the Economic Growth, Regulatory Relief and Consumer Protection Act, S. 2155
Senate Committee Advances Bill to Deregulate Financial Services Industry
The Senate Banking Committee has advanced the Economic Growth, Regulatory Relief and Consumer Protection Act, S. 2155, with a bipartisan line-up of 16 committee members supporting the legislation designed to roll back some of the... Read more
Prospective homebuyers shook off their Thanksgiving weekend dopamine haze and returned to their lenders’ offices, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Dec. 1
Mortgage Application Levels Bounce Back With Gusto
Prospective homebuyers shook off their Thanksgiving weekend dopamine haze and returned to their lenders’ offices, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Dec. 1.   The Market... Read more
The delinquency rate for commercial real estate loans in commercial mortgage-backed securities (CMBS) was 5.18 percent in November
CMBS Delinquency Rate Down for Fifth Consecutive Month
The delinquency rate for commercial real estate loans in commercial mortgage-backed securities (CMBS) was 5.18 percent in November, down three basis points from October, marking the fifth straight month in which the reading has dropped,... Read more
The Senate Banking Committee overwhelmingly approved President Trump’s nomination of Jerome Powell to become the next chairman of the Federal Reserve
Senate Committee Approves Powell for Fed Job
The Senate Banking Committee overwhelmingly approved President Trump’s nomination of Jerome Powell to become the next chairman of the Federal Reserve.   The bipartisan vote was 22-1 in favor, with Sen. Elizabeth Warren (D-MA) casting the... Read more
In what is arguably the least surprising political news of the year, Richard Cordray is announcing his candidacy for the 2018 Democratic nomination to become the next governor of Ohio
Cordray to Seek Ohio Governorship
In what is arguably the least surprising political news of the year, Richard Cordray is announcing his candidacy for the 2018 Democratic nomination to become the next governor of Ohio.   Cincinnati.com reports that the former Consumer... Read more
The perennial debate on whether it is more cost-effective to be a homeowner or a renter is the subject of a new study from the Urban Institute’s Housing Finance Policy Center, which analyzed 33 major metro areas
Rent or Buy? It Depends Where You Live
The perennial debate on whether it is more cost-effective to be a homeowner or a renter is the subject of a new study from the Urban Institute’s Housing Finance Policy Center, which analyzed 33 major metro areas. The result of the analysis... Read more
When it comes to home prices, the experts at Zillow predict that 2018 will look a lot like 2017: Prices will continue to rise
Zillow: 4.1 Percent Home Price Increase in 2018
When it comes to home prices, the experts at Zillow predict that 2018 will look a lot like 2017: Prices will continue to rise.   Zillow issued a data report stating home prices will climb by 4.1 percent next year, an increase from the... Read more