HUD Duped by Closing Attorney
A closing attorney who is accused of defrauding the Department of Housing and Urban Development out of more than $1 million has been arrested.
Mortgage Company Guarantees Closing Date
A mortgage firm out of the Midwest is so confident about its ability to close a loan that it is providing a guarantee of more than $6,000 if it misses the closing.
Northeast Weather Helps Pending US Home Sales
Weather-assisted improvement in the Northeast overcame weakening in other regions to lift pending U.S. home sales just above November's level.
Midwest Leads Stronger New U.S. Home Sales
The monthly and annual sales of new residential properties improved, and monthly activity was most improved in the Midwest.
Existing Home Sales Catch Up With TRID Delays
A real estate economist called it right last month when he predicted purchase transactions delayed in November by new integrated disclosures would likely close in December.
Mortgage Bankers Lift 2015, 2016 Lending Forecast
Estimations by mortgage bankers for last year's and this year's refinances improved, as did the outlook for 2016 purchase financing.
Building Permits Down, Completed Construction Up
Weaker apartment construction dragged down residential building permits last month. But a surge in the Midwest led completed construction higher.
Current Sales Instill Confidence in Home Builders
Although buyer traffic and expected sales have weakened for home builders, current sales are strong enough to help the sector maintain confidence.
Houston Has Highest Chance of Home Price Declines
As a whole, U.S. real estate has a low chance of experiencing a drop in prices. But energy-dependent areas are more vulnerable.
West Leads Decline in Pending Home Sales
Contrary to expectations, pending home sales lost steam last month -- and it was a weakening in the West that was out front of the decline.