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Rates for home loans rose as investors sold safe assets like Treasurys in anticipation of a December Federal Reserve rate increase, mortgage guarantor Freddie Mac said Thursday.
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MarketWatch
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Immigrants close the homeownership gap on native-born Americans
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Immigration has been a charged topic on the campaign trail, and data out Thursday shows that immigrants are increasingly achieving something that's widely considered a pillar of the American Dream.
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HousingWire
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Millennials see housing price bubble on the horizon
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Many Millennials say they want to buy a home, however they are concerned with their ability to save for a down-payment, according to the Housing Confidence Index from ValueInsured, a provider of down payment protection for homebuyers.
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Bloomberg
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Expect long waits for post-hurricane home repairs
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There will be plenty of large-scale reconstruction to do in the wake of Hurricane Matthew, which has been blamed for dozens of deaths since it made its first U.S. landfall Friday and is still causing catastrophic flooding throughout eastern North Carolina.
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CNBC
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Mortgage applications down 6% as rising rates take a toll
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As pumpkins pop up on front porches across the nation, the highest interest rates in a month are scaring consumers away from the mortgage market.
Mortgage News
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The Washington Post
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New programs make mortgages available for many who had been frozen out
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So you still think it's impossible to get a mortgage because lenders' standards continue to be super-strict and your profile doesn't quite fit the standard underwriting molds? You're right: It can be tough. But it's no longer impossible, thanks to new programs that are becoming available from national and regional lenders for applicants who qualify.
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HousingWire
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CFPB will soon allow new Fannie, Freddie mortgage application
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A new loan application, also known as a 1003 (ten-o-three), required by the government sponsored enterprises recently left some lenders scratching their heads as they saw questions pertaining to the race of the applicant, as well as questions about how the information was obtained.
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MarketWatch
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These government-approved high-interest green loans are turning mortgage lending upside down
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When Lucia Chavez saw her mortgage bill, she thought there had to be a mistake. For years, the 70-year-old Vista, California homeowner had paid about $990 every month. But in early 2015, after solar panels were installed on her roof, Chavez, a retiree, discovered a total of $1,500, a sum she couldn't afford, had been paid from her bank account.
Housing Finance
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HousingWire
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Is it now time to finally raise conforming loan limits?
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The chances the Federal Housing Finance Agency will raise the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2017 is high now after meeting one certain condition.
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National Mortgage News
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Small lenders worry GSE moves will leave them behind
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As Fannie Mae and Freddie Mac continue to experiment with up-front risk sharing deals, some small mortgage lenders are worried they will be left out of the action. (Subscription may be required.)
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Product News
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ProLuxe Wood Finishes
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Passion for Perfection
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For decks, siding, windows and doors ProLuxe provides a distinctively rich and vibrant finish. ProLuxe premium products are designed to provide unrivaled looks, durability and performance on all types of exterior wood.
Multifamily
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