Applications for U.S. home mortgages slipped last week as refinancing applications dropped, an industry group said on Wednesday.» Read More
JPMorgan reaches a $5.1 billion settlement with FHFA related to the sale of mortgage-backed securities.
Investors have poured over $20 billion into foreclosed properties over the last 3 years. Blackstone is about to offer bonds backed by the rent of its homes, reports CNBC's Diana Olick.
As rental prices go up the market gets more difficult to play. CNBC's Diana Olick looks at rental backed securities and other new housing products for investors.
Blackstone, the largest investor in single-family rental homes, is launching a security backed by those homes.
Federal regulators will allow Fannie Mae and Freddie Mac to continue funding higher-priced mortgages, at least through the middle of next year.
The reason is largely that incomes, which are up just about 3 percent from a year ago, are not keeping pace with home prices.
Seemingly unaffected by the end of the 16-day partial U.S. government shutdown, mortgage applications barely moved last week.
The potential settlement may go a long way toward appeasing anger at the big banks but probably won't help consumers get a mortgage.
CNBC's Kate Kelly aks Jamie Dimon about what JPMorgan's potential $13 billion federal settlement over mortgage suits would mean for the bank.
Home flipping fell out of favor during the housing recession, but now the market is on the rise again. This time high rollers are taking the lead.
Volume is on track to surpass $300 billion this year. Imagine what would happen if a debt default causes a spike in interest rates.
Confidence among the nation's home builders slipped more than expected in October, another fallout of Washington's fiscal escapades.
Home builder sentiment slipped a larger-than-expected 2 points in October. CNBC's Diana Olick has the details.
Mortgage application dropped to a six-year low, as negotiations to end the government's partial shutdown and avert a U.S. debt default wavered.
Economist Robert Shiller is saying home prices look reasonable. CNBC's Diana Olick, and Shari Olefson, CEO of The Carnegie Group. "There is an argument to be made for bubble 2.0," explains Olick.
Discussing the impact of the government shutdown on housing, with Peter Murphy, Home Encounter CEO & real estate agent. "Functionally, we're not seeing a big impact to the housing market yet," he says.
The USDA's Rural Development Mortgage Program offers a no down payment, 30-year fixed government loan for rural homeowners. CNBC's Diana Olick reports on the impact of the government shutdown to these loans.
Offering a 30-year fixed loan requiring no down payment, the USDA program was designed to help rural families, but it isn't processing any loans.
Despite beating earnings estimates this morning, mortgage applications revenue plunged due to rising rates. Timothy Sloan, Wells Fargo CFO, says the mortgage business is not the only one at Wells Fargo.
Bank analyst Dick Bove told CNBC he's not particularly concerned about a significant drop off in mortgage orginations at Wells Fargo for Q3.
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