Posts Tagged ‘Department of Housing and Urban Development’

GSEs Release Newly Revised Uniform Residential Loan Application

August 23rd, 2016

Today’s News Synopsis: HUD and the Census Bureau reported a 12.4% increase in new home sales, putting the at their highest in 9 years.  A new bill called the Homeowner Survivor Bill of Rights was just approved by the California Assembly that would protect widows and widowers from being foreclosed

Read More »

Interest Rates May Need to Increase at Least Once This Year

August 16th, 2016

Today’s News Synopsis: People affected by flooding in the Lousiana area have the option of receiving mortgage assistance, as Fannie Mae has reminded them.  The latest data from both HUD and the Commerce Department showed a 2.1% increase in housing starts, in part to an increase in multifamily housing.  Interest

Read More »

Discussion On Fed Interest Rate Hike Expected to Heat Up

July 26th, 2016

Today’s News Synopsis: The Census Bureau and HUD announced an increase in new home sales by 3.5% month-over-month and 25.4% year-over-year, putting them at an 8-year high.  Home prices increased 5% in May across the nation according to the S & P CoreLogic Case-Shiller Indeces.  Discussion on the increase in

Read More »

Ocwen Financial Required to Pay $30 Million in Fraud Lawsuit

June 23rd, 2016

Today’s News Synopsis: The National Association of Realtors reported existing home sales increased 1.8% last month to their highest since 2007.  Meanwhile, sales of new homes decreased 6% last month to 551,000.  Ocwen Financial has been required to pay $30 million in a settlement regarding fraud. In The News: Mortgage Professional America –

Read More »

Mortgage Debt Increases by $120 Billion in the Fourth Quarter

May 24th, 2016

Today’s News Synopsis: Mortgage debt increased by $120 billion in the fourth quarter to its highest in 4 years according to the Federal Reserve Bank of New York.  HUD and the U.S. Census Bureau reported new home sales increased 16.6% month-over-month, their highest since after the recession.  The survivor bill

Read More »

Mortgage Delinquencies Make Comeback According to Black Knight Financial

March 23rd, 2016

Today’s News Synopsis:   The sale of new homes increased by 2% last month according to HUD and the U.S. Census Bureau.  The Mortgage Bankers Association reported a 3.3% decrease in mortgage applications from last week.  Black Knight’s “First Look” mortgage data report showed delinquencies made a comeback last month.   In The

Read More »

NAHB Reported a Decrease in Both Builder Confidence and Housing Starts

February 17th, 2016

Today’s News Synopsis:   The NAHB reported a decrease in builder confidence this month while also reporting a 3.8% decrease in housing starts for the month of January.  The MBA reported an 8.2% increase in mortgage refinance applications from last week.   Ed Delgado, the president of Five Star Institute, met

Read More »

Judge Tosses Lawsuit that DOJ and HUD Faced By Quicken Loans

January 4th, 2016

  Today’s News Synopsis: Zillow reported the value of residential homes in America totaled $28.5 trillion at the end of 2015.  The latest Home Price Index by Black Knight Financial Services showed home prices are continuing to increase, having increased 0.2% last October.  A federal judge just tossed a lawsuit that

Read More »

After Long Process, Fed Has Decided to Raise Interest Rates

December 16th, 2015

Today’s News Synopsis:   Breaking News: After a long process, the Fed made the decision today to raise interest rates by 25 basis points.  Housing starts for single-family homes increased 10.5% according to the U.S. Department of Housing and Urban Development and the Commerce Department.  Despite having been passed in October

Read More »

House Votes to Revise Qualified Mortgage Definition

November 18th, 2015

Today’s News Synopsis:   The House of Representatives voted today to revise the definition of the a qualified mortgage.  However, this new ruling is already under threat of veto.  Housing starts decreased by 11% with the decrease in multifamily housing.   In The News: DS News – “Slight Increases In Mortgage Default Rates Should Not

Read More »