homeownership

Zillow Asked if More People Renting Out of Choice and Not Necessity

Sources: CoreLogic: Foreclosure inventory finally back to housing-boom levels Mortgage Applications Increase in Latest MBA Weekly Survey Rising Home Prices Affect Housing Affordability in the Second Quarter 6.7 Million Seriously Underwater Properties in Q2 2016 Down 776,000 From a Year Ago, Down 6.1 Million From Q2 2012 Peak Connecticut Supreme Court upholds new fee on …

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Wells Fargo Survey Shows Homeownership Still A Priority for Majority

Today’s News Synopsis: Debt on commercial and multifamily properties increased in the first quarter of 2016 by 1.2% to $35.3 billion.  New home purchase applications, on the other hand, decreased 6% according to the Mortgage Bankers Association.  Wells Fargo released a new survey showing homeownership is still priority for the majority of Americans. In The …

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HUD Secretary Julián Castro Discusses Important Part Millennials Play in Housing Market

  Today’s News Synopsis:   Census Bureau and Department of Commerce reported an increase in homeownership rates for the first time since 2013.  HUD Secretary Julián Castro met with Chief Economist Jonathan Smoke of Realtor.com to discuss the important part millennials play in the housing market.  Over $735,000 was donated to needy families through a …

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Credit-Risk Sharing Bonds Will Continue to Be Issued By GSEs

    Sources: Delinquency Rate Continues Rapid Decline Driven by Higher Quality Originations Home Sales Up Year-Over-Year; Reach Highest Level Since 2008 Freddie Mac: Mortgage rates barely nudge, stay below 4% July home sale numbers are in California cool: Home sales drop 4% despite price plateau Builder Confidence Rises One Point in August Rising home, …

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Areas Hit Hardest By Crisis Were Positively Effected By Freddie Mac’s Take Root Program

  Today’s News Synopsis:   The homeonwership rate decreased in the second quarter to its lowest in almost 50 years at 63.4%.  The program established by Freddie Mac after the housing crisis called the Take Root Program has proven very useful in areas hit hardest by the crisis.  The House Committee is reviewing Dodd-Frank to …

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TRID Decision May Be Delayed Yet Again to October

  Today’s News Synopsis:   The Mortgage Bankers Association reported an increase in both refinance and purchase applications.  The refinance index increased 2%, while applications increased 1.6%.  Half of the states in the country now have stable housing markets with the prosperous buying season in the spring.  The CFPB, which had already postponed the decision …

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Homeownership Rate Expected to Continue Decreasing into 2030

    Today’s News Synopsis: The number of foreclosures completed was at 40,000 last month, showing signs of decrease but still remaining above where they were at before the recession.  Both Fitch and Moody’s are warning investors about the decrease in bond credit quality.  Homeownership is expected continue decreasing all the way into 2030.   …

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$50 Million Robo-Signing Settlement Reached with JP Morgan

  Today’s News Synopsis: The Mortgage Bankers Association reported mortgage applications increased only slightly from last week by 0.1%.  New data from the Census Bureau showed homeownership rates were at their lowest in 20 years in 2014.  JP Morgan Chase just reached a settlement of $50 million regarding robo-signing. In The News: Housing Wire – …

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