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Yun expects a rebound heading into the summer, following April’s decline in existing-home sales, but the chance of significant gains will depend on an increase in inventory and evidence of moderating price growth now that interest rates have started to rise.

A bill to expedite the lengthy foreclosure process and eliminate blight in Ohio neighborhoods that has national implications has been re-introduced and has passed by a unanimous vote in the Ohio House of Representatives.

Holtz-Eakin, former director of the Congressional Budget Office, wrote on the American Action Forum's blog, "The Daily Dish," earlier this week that logic would dictate large reforms to the housing finance system following the crash, yet no such large reform has taken place.

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.

U.S. Real Estate Services (USRES), a nationwide appraisal management company (AMC) headquartered in Lake Forest, California, has announced that Citadel Servicing Corporation (CSC) is using its origination broker price opinion (BPO) services, according to an announcement from USRES.

The survey found that 65 percent of adult respondents said they were either "doing okay" or "living comfortably" as far as their personal finance situation, which represented an increase of 3 percentage points from the survey the previous year. Meanwhile, the percentage of respondents who said they expect their income to be higher in the next year jumped from 21 percent in 2013 to 29 percent in the 2014 survey.

The STACR offering priced on Tuesday is the GSE’s fourth this year and 13th overall. Freddie Mac began the STACR program in the second half of 2013 as part of the Enterprise’s goal of reducing risk to taxpayers by increasing private capital’s role in the mortgage market.

Economists have remained positive but cautious for 2015's outlook despite the Q1 growth they termed as "paltry." They were particularly positive in the area of housing; a substantial increase in housing permits was largely responsible for the April spike in the Conference Board's LEI.

Another key effort is the Fed's launch of the Comprehensive Liquidity Assessment and Review (CLAR) in 2012 as an annual assessment to give supervisors of financial firms a regular opportunity to respond to evolving liquidity risks. The Fed also enhanced the rules creating enhanced risk management standards for larger U.S. banks in addition to the rules in place for capital planning, liquidity risk management, and stress testing.

Aside from the event scheduled for Chicago on May 27, HOPE NOW has announced borrower outreach events for St. Louis (June 13) and Cleveland (July 11) as part of an effort to focus on the Midwest. HOPE NOW said it plans to host events later in the year in Ft. Lauderdale, Hartford, Memphis, and Los Angeles.