Attorney General, DCR Announce Finding of Probable Cause in Case of Alleged Housing Discrimination Based on Race, Familial Status
Attorney General Gurbir S. Grewal and the Division on Civil Rights (DCR) announced today that the Division has issued a Finding of Probable Cause against a Morris County duplex owner for engaging in unlawful
Mortgage Rates Hold Steady
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.68 percent. “This week the economy sent mixed signals, leaving mortgage rates unchanged,” said
Mortgage Credit Availability Increased in November
Mortgage credit availability increased in November according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from Ellie Mae's AllRegs® Market Clarity® business information tool.
Millennial Refinance Activity Hits 2019 Peak, According to the Latest Ellie Mae Millennial Tracker
The share of refinances closed by millennials in October increased month-over-month, reaching a new high as interest rates on 30-year loans continued to decrease. According to the latest Ellie Mae Millennial Tracker, 34% of all
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 9.2 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending November 29, 2019. This week's results include an adjustment
HUD AWARDS $10 MILLION FOR THE DEVELOPMENT OF 538 AFFORDABLE HOMES
SHOP grant funding empowers non-profit partners to help 538 families and individuals become homeowners In an effort to help more working families become homeowners, the U.S. Department of Housing and Urban Development (HUD) today
CoreLogic Reports October Home Prices Increased by 3.5% Year Over Year
The CoreLogic HPI Forecast indicates U.S. annual price growth will increase by 5.4% by October 2020 but with price declines in some metro areas All 50 states posted an annual increase in home prices
Federal Regulators Issue Joint Statement on the Use of Alternative Data in Credit Underwriting
Five Federal financial regulatory agencies today issued a joint statement on the use of alternative data in underwriting by banks, credit unions, and non-bank financial firms. The statement from the Federal Reserve Board (Federal
Dave Hershan – The Last Jobs Report
No, it is not as if the government is going to stop giving us readings on employment on a monthly basis. However, this is the last reading on jobs growth we will see for
Dave Hershman – Equity Use
Many Americans have significant equity in their homes, especially if they purchased many years ago and have not previously taken cash out via a refinance. In previous years, many Americans have fallen behind on