According to the survey, 70 percent of people who know their credit scores feel significantly more prepared to buy a home versus the 54 percent of those who do not know their credit scores. About 62 percent of homebuyers know that their credit scores could mean favorable interest rates to refinance their home.

"In this month's MiMi three more states and seven metro areas moved within range of their benchmark level of activity," Keifer said. "However, as we've mentioned before, we're likely to see bouts of affordability shock with mortgage rate swings for the remainder of this year as market participants try to anticipate Fed timing around rising short term interest rates and expectations for global growth wax and wane."

MCS Valuations, LLC (MCSV), a nationwide provider of appraisals, broker price opinions, and other valuation-related products to the financial services industry, has named Rebecca English assistant VP of operations in Sandy, Utah, according to a recent press release.

Altisource Portfolio Solutions S.A. recently announced in a press release that Jim Leath has joined the company as the VP of enterprise sales and business development for all of the company’s services.

In his commentary, Kan mentions that refinances are expected to be $551 billion in 2015, compared to a previously estimated $510 billion. MBA now estimates a total of $1.28 trillion in mortgage originations for 2015, compared to $1.12 trillion in 2014.

Yesterday, the National Association of Realtors (NAR) reported that existing-home sales were at 5.04 million units, a 3.3 percent decrease from March, though up 6.1 percent from a year ago. Both, Auction.com and Consensus estimates were off for April because they predicted a stronger performance based on data released in March.

The new requirements are expected to allow the GSEs to operate smoothly by providing greater transparency, clarity and consistency to industry participants and other stakeholders, and reflect feedback received over the past several months.

“For the remainder of this year, we're likely to continue to see these mortgage rate swings as market participants try to anticipate Fed timing around rising short term interest rates,” said Len Kiefer, deputy chief economist at Freddie Mac. “Unfortunately, perspective homebuyers may experience bouts of affordability shock in many housing markets."

Only six percent of renters who have lived in their home longer than two years have experienced a decrease in their rent amount, while 38 percent of renters experienced an increase in their rent amount in the last two years.

“It’s an honor to be recognized again by DiversityBusiness,” said Keith Murray, president and CEO of VRM Mortgage Services. “We are committed to diversity in our daily business operations and appreciate the recognition we’ve received with this national award.”