FHA recalculates its national loan limit every year, basing its math on a percentage calculation of the national conforming loan limit for mortgages eligible for purchase or guarantee by the GSEs.
Read More »Payrolls Jump by 321K in November; Unemployment Rate Holds
U.S. payrolls for November surpassed even the most optimistic forecasts, increasing at the highest rate in more than two years, according to a government estimate.
Read More »Mortgage Bank Profits Stumble in Q3 Despite Production Volume Increase
Mortgage banking profits hit another stumbling block in the third quarter, sinking slightly as a decline in secondary market income offset rising production numbers.
Read More »United Wholesale Mortgage Announces Launch of Investor Edge program
Michigan-based United Wholesale Mortgage (UWM), one of the nation's fastest growing wholesale lenders, announced on Tuesday the rollout of its newest product: Investor Edge, an offering designed specifically for borrowers seeking to purchase or refinance non-owner occupied investment properties.
Read More »Fed Reports Continued Growth In Final Beige Book of 2014
Federal Reserve officials released on Wednesday their final summary of economic conditions in 2014, ending the year on an upbeat note with reports of continued growth.
Read More »Senate Confirms Nominee for HUD Deputy Secretary
In her time at Treasury, Coloretti advised the secretary on the development and execution of the department's budget, strategic plans, and the internal management of the agency and its bureaus.
Read More »Economist Predicts Millennials Will Greatly Increase Presence in Home Market in 2015
While millennials so far have yet to find their place in the housing market, the stage is set for younger Americans to become the driving force in the residential sector in 2015, according to a forecast from Zillow.
Read More »Consumer Sentiment Rises for Fourth Straight Month
Consumer sentiment hit yet another post-recession high in November, reflecting increased confidence in personal finances and the labor market heading into the holiday spending season.
Read More »Refi Volume Rising While HARP Numbers Keep Falling
Low mortgage interest rates helped elevate refinance volumes throughout the third quarter as demand for the government's relief refinance program continued to diminish.
Read More »Freddie Mac: Housing Market Inching Closer to Stability
According to Freddie Mac, three of the four major indicators tracked in the index saw improvements in September, led by a 1.2 percent gain in the gauge of labor health to 94. The components measuring payment-to-income ratios and the proportion of mortgage payments made on time also edged up, rising 0.8 percent to 72.7 and 0.5 percent to 66.6, respectively.
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