Consumer finances improve, bolstering lending activity

The financial standing of many Americans continued to improve in February, which could make it easier for many prospective homebuyers to qualify for a home loan when the time comes.
The financial standing of many Americans continued to improve in February, which could make it easier for many prospective homebuyers to qualify for a home loan when the time comes. [More]


Refinancing share of mortgage apps edges lower

In the wake of a drop of homeowners attempting to refinance their home loan, mortgage records show that overall mortgage application activity declined during the week ending March 16.
In the wake of a drop of homeowners attempting to refinance their home loan, mortgage records show that overall mortgage application activity declined during the week ending March 16. [More]


Rising mortgage rates would do little to slow recovery, report finds

Although the Federal Reserve announced it will work to keep mortgage rates low until at least 2014 through new lending regulation and standards, a recent report from Capital Economics says it may not matter.
Although the Federal Reserve announced it will work to keep mortgage rates low until at least 2014 through new lending regulation and standards, a recent report from Capital Economics says it may not matter. [More]


CFPB calls for cooperation between borrowers, federal regulators

To repair the fragile mortgage market, Consumer Financial Protection Bureau head Richard Cordray called on American consumers to unite with federal agencies to further aid the process.
To repair the fragile mortgage market, Consumer Financial Protection Bureau head Richard Cordray called on American consumers to unite with federal agencies to further aid the process. [More]


Outstanding commercial debt stable in fourth quarter

The level of outstanding commercial and multifamily debt remained relatively unchanged during the fourth quarter last year.
The level of outstanding commercial and multifamily debt remained relatively unchanged during the fourth quarter last year. [More]


Dodd-Frank bad for small lenders, former FDIC executive says

According to a recent CNBC interview with former FDIC chairman Bill Isaac, small lenders, such as a community bank, might be a risk as a result of the financial reforms associated with the Dodd-Frank Act.
According to a recent CNBC interview with former FDIC chairman Bill Isaac, small lenders, such as a community bank, might be a risk as a result of the financial reforms associated with the Dodd-Frank Act. [More]


Mortgage rates rise, remain near all-time lows

In the wake of a number of positive economic reports indicating a strengthening employment market, mortgage rates edged higher during the week ending March 15, Freddie Mac reports.
In the wake of a number of positive economic reports indicating a strengthening employment market, mortgage rates edged higher during the week ending March 15, Freddie Mac reports. [More]


Reverse mortgages grow in popularity

Mortgage records show that reverse mortgages have often been the most popular among homeowners in their 70s.
Mortgage records show that reverse mortgages have often been the most popular among homeowners in their 70s. [More]


White House: FHA to reduce mortgage premiums

The Federal Housing Administration will lower mortgage premiums and assist foreclosed military members, the White House has announced - plans that are a part of President Barack Obama and his administration's efforts to help the housing market recover.
The Federal Housing Administration will lower mortgage premiums and assist foreclosed military members, the White House has announced - plans that are a part of President Barack Obama and his administration's efforts to help the housing market recover. [More]


CFPB set to implement new servicer regulations

The federal Consumer Financial Protection Bureau plans to implement new rules and regulations to mortgage servicers during the course of 2012, and says state attorneys general should be prepared to enforce the new lending regulation.
The federal Consumer Financial Protection Bureau plans to implement new rules and regulations to mortgage servicers during the course of 2012, and says state attorneys general should be prepared to enforce the new lending regulation. [More]