Fewer borrowers cashing out on home equity

As more borrowers took advantage of government-sponsored refinancing programs, a recent report indicates that a growing number of homeowners who refinance were able to significantly reduce their mortgage debt during the fourth quarter.
As more borrowers took advantage of government-sponsored refinancing programs, a recent report indicates that a growing number of homeowners who refinance were able to significantly reduce their mortgage debt during the fourth quarter. [More]


NAMB supports Obama's three-pronged initiative

In the wake of President Barack Obama's announcement to further assist a greater number of underwater households by letting them refinance into lower mortgage rates,
In the wake of President Barack Obama's announcement to further assist a greater number of underwater households by letting them refinance into lower mortgage rates, [More]


Jobless claims edge lower at end of January

Fewer Americans filed for jobless claims during the week ending January 28, which could result in a greater number of households being able to make their mortgage payments and reduce the number of foreclosed houses across the country.
Fewer Americans filed for jobless claims during the week ending January 28, which could result in a greater number of households being able to make their mortgage payments and reduce the number of foreclosed houses across the country. [More]


Industry experts express support of president's refi plan

In the wake of President Barack Obama's new plan to further boost the nation's housing market, a number of industry experts and trade group representatives have voiced their opinion on the matter.
In the wake of President Barack Obama's new plan to further boost the nation's housing market, a number of industry experts and trade group representatives have voiced their opinion on the matter. [More]


Home loan rates dip to new lows once more

In what's become a common theme in recent months, mortgage rates declined to new record lows, Freddie Mac reports, continuing to offer homebuyers substantial affordability.
In what's become a common theme in recent months, mortgage rates declined to new record lows, Freddie Mac reports, continuing to offer homebuyers substantial affordability. [More]


White House unveils details of new mortgage plan

With the implementation of a new mortgage plan proposed by President Barack Obama and his administration, it is projected many homeowners nationwide will be able to save thousands of dollars on their home loans.
With the implementation of a new mortgage plan proposed by President Barack Obama and his administration, it is projected many homeowners nationwide will be able to save thousands of dollars on their home loans. [More]


Mortgage applications, refis edge lower

The Mortgage Bankers Association has released a report showing that mortgage applications decreased during the week ending January 27.
The Mortgage Bankers Association has released a report showing that mortgage applications decreased during the week ending January 27. [More]


CFPB hotline address mortgage industry issues

After nearly a month of having an official director, the Consumer Financial Protection Bureau has presented its first official report to Congress indicating the progress it has made.
After nearly a month of having an official director, the Consumer Financial Protection Bureau has presented its first official report to Congress indicating the progress it has made. [More]


Industry group calls for changes to manufactured homes lending regulations

An industry group has called certain laws that are currently in place a burden to prospective homeowners who are trying to purchase manufactured homes, HousingWire reports.
An industry group has called certain laws that are currently in place a burden to prospective homeowners who are trying to purchase manufactured homes, HousingWire reports. [More]


FHA loan originations down, default rate increases

The rate at which borrowers were seriously delinquent on Federal Housing Administration home loan payments increased slightly in December, the Department of Housing and Urban Development reports.
The rate at which borrowers were seriously delinquent on Federal Housing Administration home loan payments increased slightly in December, the Department of Housing and Urban Development reports. [More]