Mortgages could be harder to come by for the self-employed

During recent years, it has become increasingly more difficult for some borrowers to qualify for a mortgage in the real estate market.
During recent years, it has become increasingly more difficult for some borrowers to qualify for a mortgage in the real estate market. [More]


Mortgage rates could rise in latter-half of 2012

According to a group of real estate industry experts, mortgage rates could continue to hover near historically low levels through the first half of the new year before edging higher in the final six months, MarketWatch reports.
According to a group of real estate industry experts, mortgage rates could continue to hover near historically low levels through the first half of the new year before edging higher in the final six months, MarketWatch reports. [More]


Following Fed report, NAR, NAHB urge government to take housing action

Shortly after the Federal Reserve releases a report on what needs to be done to restore the housing market, the National Association of Home Builders and National Association of Realtors, echoed the Fed's sentiment
Shortly after the Federal Reserve releases a report on what needs to be done to restore the housing market, the National Association of Home Builders and National Association of Realtors, echoed the Fed's sentiment [More]


CFPB affirms power to regulate nonbank entities

With a director now in place in former Ohio attorney general Richard Cordray, the Consumer Financial Protection Bureau can now expand its power and implement further regulations against not only banks, but nonbank lenders as well.
With a director now in place in former Ohio attorney general Richard Cordray, the Consumer Financial Protection Bureau can now expand its power and implement further regulations against not only banks, but nonbank lenders as well. [More]


Mortgage rates fall back to record lows

Continuing the trend witnessed in the last month, mortgage rates once again returned to historic lows after rising slightly the week before, according to Freddie Mac.
Continuing the trend witnessed in the last month, mortgage rates once again returned to historic lows after rising slightly the week before, according to Freddie Mac. [More]


Positive commercial growth expected in 2012

According to a report, the number of commercial real estate investments saw a sharp increase during 2011, said the most recent Jones Lang LaSalle's Capital Markets Outlook.
According to a report, the number of commercial real estate investments saw a sharp increase during 2011, said the most recent Jones Lang LaSalle's Capital Markets Outlook. [More]


Ohio lawmaker writes OCC regarding abandoned foreclosure regulations

On January 3, Ohio Senator Sherrod Brown sent a letter to the Office of the Comptroller of the Currency asking the agency to review its rules about how banks should deal with homes abandoned before the foreclosure process begins.
On January 3, Ohio Senator Sherrod Brown sent a letter to the Office of the Comptroller of the Currency asking the agency to review its rules about how banks should deal with homes abandoned before the foreclosure process begins. [More]


Obama bypasses Senate, appoints Cordray as CFPB director

The White House has recently announced that it will appoint Richard Cordray as director of the Consumer Financial Protection Bureau, despite the block of his nomination by Republican senators earlier in December.
The White House has recently announced that it will appoint Richard Cordray as director of the Consumer Financial Protection Bureau, despite the block of his nomination by Republican senators earlier in December. [More]


Affordable mortgage rates may do little to spur homebuyers in 2012

According to a group of industry experts, affordable mortgage rates in 2012 may to little to increase home purchase demands, HousingWire reports.
According to a group of industry experts, affordable mortgage rates in 2012 may to little to increase home purchase demands, HousingWire reports. [More]


Mortgage activity low during final weeks of 2011

A considerable decline in mortgage application activity was recorded by the Mortgage Bankers Association during the final two weeks of 2011, despite loan rates remaining just above historic lows.
A considerable decline in mortgage application activity was recorded by the Mortgage Bankers Association during the final two weeks of 2011, despite loan rates remaining just above historic lows. [More]