Residential Down Payments Diminish
As home lenders respond to weaker market demand by easing requirements, down payments are dropping and credit scores are deteriorating.
New Home Sales Sink
New home sales moved sharply lower last month, coming in worse last month than economists had expected. Average new home prices, however moved higher.
Home Sales Slow, Could Pick Up
Existing home sales slowed to the weakest pace in nearly two years. But real estate's top economist is predicting that the home market will strengthen.
Getting the Most from Home Appraisals
When it comes to real estate appraisals, prospective borrowers can help or hinder the valuation process. So loan originators might be well advised to pass on a few tips.
Home Builder Index Weak
A slight bump in home builder confidence wasn't enough to move sentiment into solid footing even as home-buying season begins. Their long-term outlook, however, is stronger.
Market Segment Offers Opportunity
Monthly mortgage production fell to the lowest level in more than a decade, but opportunity lurks in one segment of the market. Cash sales have kept real estate sales moving, while foreclosure starts sank due to new rules.
Tool IDs Housing Market Health in Biggest MSAs
A new real estate tool claims to measure the health of local housing markets. Data is not available, however, for all metropolitan areas.
United Guaranty Expanding Programs
A host of upcoming changes have been unveiled that are designed to expand the loans insured by United Guaranty Corp. Property flips, rural property appraisals and minimum borrower contributions are impacted.
Residential Rental Investors Form Trade Group
Several firms that have purchased billions of dollars in non-owner occupied homes have banded together to form a trade group in the nation's capitol.
New Fannie Guidelines on Rural Appraisals
Fannie Mae has established new guidelines for appraisals on properties in low-population areas. The company also clarified its policy on using appraisal management companies.