Banks are cashing in by taking advantage of new HARP rules - refinanced loans are at lower rates, but still above market rates.
Even adjusting for the Memorial Day holiday the week prior, mortgage application volume surged last week, and refinance volume hit a three year high.
The number of homes lost to foreclosure is down from 2011. CoreLogic reports that 1.4 million homes were in the foreclosure inventory in April 2012.
According to the FHFA, home prices have improved modestly in the last quarter, but have changed less than one percent over the past year with each...
Mortgage application volume rose for the week, with the refinance share regaining lost ground as purchase applications slid slightly. The MBA points to the continuing sovereign...
The volume of mortgage applications continues to rise, and after weeks of falling, the refinance share is finally up. The financial troubles in Europe continues to...
Mortgage delinquencies are improving even better than many had expected, assuaging fears that a shadow inventory could prevent any housing recovery. Fully 46 states saw improvement...
Housing start and permit data are being skewed by mixed regional performance and by the single family and multi-family sectors out of sync with one another....
It is common to hear of banks foreclosing on the wrong address, but it is nearly unheard of that a purchased home is the wrong address,...
Wells Fargo has disclosed through a SEC filing that the bank is on the verge of yet another federal lawsuit for their allegedly steering minorities into...
Freddie Mac says it is working to build a new infrastructure for the housing finance system, but in the first quarter, the company came up $19...
Although foreclosure sales have slid and inventory levels have increased, the housing sector continues showing signs of improvement, but much of the recovery for delinquent loans...
Two trends are made clear this week as the volume of mortgage applications remains steady, with slight increases and decreases, as refinances account for less and...
After a year of testing, Costco has partnered with eleven lenders to provide a mortgage lending service to its shoppers, be it someone in need of...
After selling off their banking assets, MetLife has announced that they are exiting the reverse mortgage business and selling their portfolios to Nationstar Mortgage, as they...
After weeks of improvement, and a week of backsliding, mortgage application volume continues to edge up, then slip backward and the refinance share of mortgage activity...
The number of mortgages that are at least 30 days delinquent hit nearly 5.6 million in March, and LPS reports that the decline in delinquency levels...
In line with other states, Louisiana is suing the nation's biggest banks for bypassing recording fees due in transfer of real estate title, but Louisiana stands...
Last week, mortgage application volume made healthy gains for the first time in several weeks, but volume again slipped this week despite continued low interest rates....
Ally Financial announced in 2011 they would be ceasing mortgage operations and the final nail in that coffin has come. Now, the company will focus on...
For weeks, the volume of mortgage applications has fallen, but this week marks a shift in momentum, particularly with new home mortgage application volume.
Starting April 1, 2012 a new qualification rule could dramatically change the volume of buyers that qualify for FHA-backed loans, especially impacting first time buyers.
This is yet another of the increasingly common tales of a homeowner whose mortgage is sold and the new servicer ignores pleas to not foreclose based...
The New York Attorney General has finally wrapped up their year long investigation of the state's largest foreclosure mill who will now pay $4 million to...
Home purchase applications rose this week while refinance applications fell, following positive job market numbers. The ratio of purchase to refinance is shifting, while interest rates...
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