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Home Sales in Spring off to a Slow Start

04.17.2019

The spring homebuying season in 2019 is off to a slow start despite home sales climbing almost 29% in March compared with February according to data from the latest RE/MAX National Housing Report.

Removal of public records has little effect on consumers’ credit scores

04.10.2019

Today we released the latest quarterly consumer credit trends report , this time focusing on the removal of civil public records from consumer credit reports.

Home Searches Speed Up

04.03.2019

Homebuyers are spending less time looking for homes in 2019, compared to previous years, according to a study by Redfin.

Three Trends That Will Shape the Mortgage Market

03.29.2019

The government-sponsored enterprises' (GSEs') move towards single security, the Federal Housing Administration's (FHA's) credit box changes, and the supply of homes available for sale are three trends that will likely shape the mortgage market in 2019 and beyond, according to the Urban Institute's latest Monthly Chartbook.

Reaping the Benefits of Falling Mortgage Rates

03.21.2019

Homebuyers are likely to see affordability increasing this spring buying season. According to the latest Freddie Mac Primary Mortgage Market Survey, mortgage rates moved lower by 0.4 points compared with last week to 4.28 percent. The 30-year fixed-rate mortgage during the same period a year ago stood at 4.45 percent.

Healthy Season Ahead for New Home Sales

03.14.2019

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the new residential sales statistics for January 2019 on Thursday. According to the report, the sales of new single‐family houses in January 2019 were at a seasonally adjusted annual rate of 607,000—which is 6.9 percent below the revised December rate of 652,000 and is 4.1 percent below the January 2018 estimate of 633,000.

Freddie Mac Forecasts Changing Trends in Origination

03.05.2019

The decline in mortgage rates, that fell at the start of 2019 after peaking last fall, is likely to provide some welcome relief to the housing market, according to Freddie Mac's latest monthly forecast.

Bills to reform credit bureaus unveiled on eve of hearing

02.27.2019

WASHINGTON — Ahead of a hearing with the chief executives of the three major credit reporting agencies, House Financial Services Committee leadership has released two bills aimed at reforming the bureaus and protecting credit scores for government employees affected by the shutdown.

Where Does Home Affordability Stand?

02.12.2019

According to the National Association of Home Builders’ fourth quarter Housing Trends Report (HTR), 2018 saw little change in how homebuyers perceived their ability to afford homes available in their markets. In Q4 of 2018, three out of every four buyers (76 percent) estimate they can afford fewer than half the homes-for-sale in their markets. 

GSEs Address Shutdown Woes

01.18.2019

Fannie Mae and Freddie Mac have issued an additional set of guidelines for lenders to help them assist borrowers, especially federal workers, whose income has been affected by the government shutdown. In a joint letter to lenders, the government-sponsored enterprises (GSEs) said that with the shutdown extending for a longer than anticipated time, they were "concerned about the impact that continued income interruption may have on borrowers' ability to meet their mortgage payment and other monthly obligations."

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