|Down Payments Diminish on Home Purchases
Home lenders are taking bigger risks on the mortgages they are funding, with the average down payment declining on a quarterly basis.
Pending Home Sales Highest in 10 Months
The number of existing U.S. homes that are under contract climbed to the highest level in 10 months, and the Northeast led the gain.
How Mortgage Lenders Can Do Better
A survey of current borrowers found the lending process was a mostly positive experience, though three areas of needed improvement were identified.
New Home Inventory Biggest in Over 6 Years
Despite last month's West-led drop in the annual rate of new home sales, a persistently tight inventory was bigger than it's been in more than six years.
Mortgage Bankers Raise Refinance Outlook
Mortgage bankers have an improved outlook about refinance volume and overall origination activity for the current three-month cycle.
Existing Home Sales Surge in Northeast, Midwest
A healthy month-over-month national rise in existing home sales was bested by even bigger increases in the Northeast and Midwest.
Multifamily Again Drags Down Building Permits
New building permits have failed to rise for four consecutive months now, with activity tumbling 8 percent last month thanks to multifamily.
Home Builders Less Optimistic About Current Sales
Current sales conditions in the market for new single-family homes is restraining home builder optimism. Both coasts saw the most deterioration.
Single Women Buying More Homes Than Single Men
New research about America's homebuyers indicates that single women make up a bigger share of people buying homes than their male counterparts.
CA Mortgage Program Eases Income Restrictions
Prospective homebuyers struggling to find an affordable residence in the Golden State might find some relief thanks to changes being made to a first-time homebuyer program.