CoreLogic: 89% of US homes had equity in 2014


Eighty-nine percent of all U.S. properties with a mortgage — or about 44.5 million — had equity by the end of the fourth quarter of 2014, according to CoreLogic.

Can a “domino effect’ kick-off a new housing boom?


Home prices between the top and bottom segments of the housing market are rising, which could unleash a “domino effect” that builds first-time and move-up buyer momentum this year

Mortgage groups call on CFPB to remove its “Rate Checker” tool

Rate Checker

Several mortgage groups are calling on the Consumer Financial Protection Bureau to remove its newly released consumer mortgage education tool, the “Rate Checker”

$5K Extra Reward on Offer for HAMP Borrowers

reward HAMP

The government is throwing in more incentives to keep borrowers who modify their loans through the Home Affordable Modification Program current on their mortgages.

New Mortgage Rules Should Loosen Tight Credit Standards


Fannie Mae and Freddie Mac’s new lending guidelines went into effect Monday, which are expected to help loosen up the tight credit standards that home buyers and refinancers have faced in recent years.

New FHFA Policy Lets Ex-owners Buy Back Foreclosed Homes


The Federal Housing Finance Agency announced a new policy that will permit some foreclosed home owners to purchase the homes back that they once had lost at fair market value.

Realty Trac: Median Price of Distressed Homes up 18%


The median price of distressed residential properties, which are those that are either in the foreclosure process or owned by a bank, jumped up by 18 percent year-over-year in October

CAR Applauds FHFA Decision to Conform Loan Limits


The California Association of Realtors (CAR) has come out in support of the Federal Housing Finance Agency’s decision to keep the 2015 maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac at $417,000

Research Shows It Takes More Than a Decade To Save for a Down Payment


First-time buyers have a whole lot of saving to do — possibly more than a decade of saving for a home purchase. It can take, on average, 12.5 years for first-time buyers to save a 20 percent down payment

Is Debt The Biggest Barrier To Home Ownership?


Debt — like student loans and car payments — can create the biggest barrier to home ownership, more so than saving for a down payment, according to a new analysis by RealtyTrac.