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CNBC's Diana Olick reports there's been a surprising jump in mortgage applications this week.
After holding in lackluster territory for much of the spring season, weekly mortgage applications took a huge jump, signaling that the usual summer slowdown is perhaps, holding off.
Given the expense and paperwork involved in refinancing, it’s certainly worth it for homeowners to ask about modifications to current loans and possible 'recasts.'
Faced with a rising number of severely delinquent loans, the FHA is taking a very small program to sell these loans to investors and ramping it way up.
The refinance market is booming, now at 78 percent of residential mortgage activity, according to a new report. Millions of Americans are saving billions of dollars in monthly mortgage payments and the big banks are reaping great rewards as well.
Bond rates are leading to record low mortgage rates and that has mortgage applications up more than 1% last week, reports CNBC's Diana Olick.
Fannie Mae’s general counsel will become the mortgage giant’s new chief, sources say -- and will do so with less pay. Congress has slammed Fannie's salaries in the past.
It is not exactly a trend, but for the second-straight month, U.S. home prices saw year-over-year gains.
“The May 2012 jobs report was a step backward for housing in every way,” says Trulia.com’s Jed Kolko, who pinpoints what he calls “clobbered metros.”
As lenders continue to try to modify delinquent mortgages or offer foreclosure alternatives, like short sales or deeds-in-lieu of foreclosure, the number of loans entering the foreclosure process are falling.
The unexpected drop in signed contracts to buy existing homes in April should have come as no surprise. It is all about price point, supply, and where the action is/has been.
“We have encouraging signs in the market," S&P/Case Shiller's Robert Shiller told CNBC Tuesday. "We are seeing some signs of hope.”
The "shadow banking" system has been massively curtailed and is now half as big as it was before the 2008 crisis, a new report for the sector shows.
The Federal Housing Administration is often credited with saving the home finance market during the worst of the latest housing crash, but that was not without a very high price.
Numbers showing the biggest price jump in housing prices since January of 2006 are different. That jump was real, this latest spike is not.
The government is about to make refinancing FHA mortgages more affordable — and potentially easier — for hundreds of thousands of homeowners.
As real estate investors rush to buy distressed properties and reap the rewards of a still-heating rental market, two distinct phenomena are suggesting caution, perhaps extreme caution.
Months after the first invitations were mailed, only a small percentage of eligible borrowers have accepted a chance to have their foreclosure cases checked for errors and maybe win restitution. USA Today reports.
Average U.S. rates for 30-year and 15-year fixed mortgages fell to record lows for the third straight week. The steady decline has made home-buying and refinancing more affordable than ever for those who can qualify. The Christian Science Monitor reports.
Foreclosure activity in April fell nationally to the lowest level since the summer of 2007, but government intervention and the recent $25 billion mortgage servicing settlement are now changing the face of the crisis.