Incorporating rental history in a borrower’s credit score, as the major credit reporting agencies have begun to do, will significantly increase the number of borrowers able to qualify for loan,… Read More »
Although foreclosure rates continue to fall, repeat foreclosures are increasing, casting a shadow of ambiguity over the housing market recovery. Approximately 1.5 percent of all homes with mortgages were in… Read More »
Don’t get too excited yet – or too far ahead of the data – but some industry analysts are beginning to report evidence of a condominium revival. “While nobody’s ready… Read More »
For anyone concerned that the Federal Reserve might move too quickly to boost interest rates, the disappointing March employment report was reassuring, if not welcome, news. Most analysts agreed that… Read More »
Housing reports turned mainly (although not entirely) positive in February. Existing home sales rebounded to record a 1.2 percent gain following a steep January decline. The annual sales pace of… Read More »
Past generations of retirees have scaled back their living space and their housing expenses, but baby boomers don’t appear to be following that pattern. Many of the baby boomers responding… Read More »
Industry analysts have been arguing for some time that a dearth of available homes for sale was a major reason, if not the only one, for the less than robust… Read More »
Federal Housing Finance Agency Director Mel Watt is insisting that loans with low (3 percent) down payments, which Fannie Mae and Freddie Mac will now be able to purchase, are… Read More »
The February employment report fell solidly and impressively in the “better” column, as employers added 295,000 workers to their payrolls. The strong performance beat both more conservative estimates and the… Read More »
The American Land Title Association is asking the CFPB to rethink the kind of information the agency will collect for its new consumer complaint database. The millenials are coming! The… Read More »