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Potential homeownership demand still solid despite some decline

National Mortgage News - 4 min 4 sec ago
Though potential homeownership demand declined moderately between 2015 and 2016, the underlying fundamentals for demand remained positive.

Freddie moves ahead with appraisal alternative for purchases

National Mortgage News - 4 min 4 sec ago
Freddie Mac has gotten the green light for its appraisal alternative for purchase loans, and has released information about how similar automated collateral evaluations for refinances have performed.

State law to combat 'zombie' homes lacks effective enforcement

National Mortgage News - 4 min 4 sec ago
A new state law meant to combat the blight of "zombie" homes across New York lacks effective enforcement to hold banks accountable for actually maintaining the properties on Staten Island.

People on the move: Aug. 18

National Mortgage News - 4 min 4 sec ago
Mortgage industry hiring and new job appointments for the week ending Aug. 18.

HUD in limbo: Top jobs unconfirmed, key decisions unmade

National Mortgage News - 4 min 4 sec ago
The Department of Housing and Urban Development is facing a leadership crisis as top jobs go unfilled, leaving key decisions unresolved.

More Toledo-area residents in mortgage trouble

National Mortgage News - 4 min 4 sec ago
The Toledo, Ohio, area is among the top five metro area in the country with the highest share of mortgaged properties that are "seriously underwater," that is, more is owed than the property is worth.

Choke Point is officially over, Justice Department says

National Mortgage News - 4 min 4 sec ago
The Trump administration says it has put a stop to Operation Choke Point, a controversial initiative aimed at discouraging financial institutions from servicing high-risk businesses.

The trouble with tax-lien lending

National Mortgage News - 4 min 4 sec ago
Mortgage holders could see their security interest wiped out if a borrower in Texas or Nevada gets a property tax loan where the lien has priority over the first mortgage.

USDA program encourages movement in rural housing market

National Mortgage News - 4 min 4 sec ago
The USDA recently announced its rural housing program, which has been around for decades, would increase the amount buyers can borrow, a sign of rising housing costs across the nation.

Sonoma County home sales dip, but prices hit a new record

National Mortgage News - 4 min 4 sec ago
After a strong sales bump in June, the Sonoma County, Calif., housing market declined in July to the slowest pace of sales in seven years.

CFPB seeks $183.5M from Aequitas Capital for aiding for-profit college

National Mortgage News - 4 min 4 sec ago
Regulators reached a $183.5 million deal Thursday to get debt relief to 41,000 students of the bankrupt Corinthian Colleges.

Nearly 25% of U.S. properties are now equity rich

National Mortgage News - 4 min 4 sec ago
The number of U.S. properties that were equity rich in the second quarter grew by 1.6 million properties from a year ago.

Loans ‘ignored’ in Libor talks — so far

National Mortgage News - 4 min 4 sec ago
A Fed committee studying Libor’s replacement has dwelled heavily on the potential impact to the derivatives market. Loans may become a bigger part of the conversation later this year, but the panel plans to leave a lot of the specifics up to lenders.

FHFA extends Harp for another year

National Mortgage News - 4 min 4 sec ago
The Home Affordable Refinance Program will now expire on Dec. 31, 2018, the FHFA said.

NYSE warns Ditech's parent Walter its stock may be delisted

National Mortgage News - 4 min 4 sec ago
Walter Investment Management Corp. is in danger of having its stock delisted from the New York Stock Exchange as its average market capitalization remains below required minimums.

Block hate groups? It’s not so simple

National Mortgage News - 4 min 4 sec ago
Payment processors and banks are being called on to cut off funds to white supremacist groups, but there are practical and legal limits to what firms can do.

Economic uncertainty pushes mortgage rates lower

National Mortgage News - 4 min 4 sec ago
Mortgage rates continued to move lower as a result of economic uncertainty, according to Freddie Mac.

Tampa Bay homeowners sue Chase for billing on already-paid mortgages

National Mortgage News - 4 min 4 sec ago
Two Tampa Bay, Fla., homeowners are suing JPMorgan Chase Bank for attempting to continue to collect on what they say were already-paid-off mortgages.

Millennials looking for homes are worried about affordability

National Mortgage News - 4 min 4 sec ago
Affordability issues along with a lack of knowledge about home buying are holding millennials back from pursuing homeownership, according to a survey from loanDepot.

Canada home prices fall the most since 2008

National Mortgage News - 4 min 4 sec ago
Canada’s benchmark home price fell by the most in nearly a decade last month as Toronto led a fourth straight decline in sales.