New home sales surge, beat expectations in February

New home sales surge, beat expectations in February

New home sales in February increased even as the median home price fell, according to the latest joint release from the U.S. Census Bureau and the
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Canada's housing market looks eerily similar to the US before the crash

Borrowers buying homes with bigger and bigger mortgages. Specialist lenders taking business from banks by offering more aggressive loan terms.
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Private Lender Network in Scarborough Partners with Mortgage Broker Store

Scarborough, ON — (SBWIRE) — 03/23/2017 — Mortgage Broker Store connects people to a new private lender network in Scarborough. These are
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Investor Reporting Change Initiative Extended

Investor Change Reporting Initiative, announcement, extention, implementation, industry standard, IRCI.
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Collateral Rep and Warranty Relief Now Available in Freddie Mac Loan Advisor Suite

Starting March 31, when you submit appraisals to Freddie Mac using the Uniform Collateral Data Portal® (UCDP®), Loan Collateral Advisor® will
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Trump Should Stop Obama Scheme That Steals Money For Obamacare

Their initial investments were used to rescue Fannie Mae and Freddie Mac as part of the Housing and Economic Recovery Act of 2008 – the housing
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Shaw Slashes BOJ Lending Rates

Finance Minister, Audley Shaw, has announced new lending rates to the Bank of Jamaica. He says this should translate into lower loan rates from
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Gary Fearnall of OnDeck Presents Online Lending in Canada

2017. This was first presented at the February 2017 FinTechTO. In this presentation, Gary shares his view of the online lending space in Canada.
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FHFA Delays Second Phase of 'Single Security' Implementation Effort

FHFA successfully implemented Release 1 of its Common Securitization Platform in December, which allowed Freddie Mac to use the platform to
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TFC signs distribution deal with Axis Bank

“Of course, your clients will also benefit from TFC's low, fair and transparent flat fee structure across all our mortgages, including buy-to-let deals
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Why servicers can borrow more against their Ginnie MSRs

The increase in advance rates on Ginnie Mae servicing rights comes as MSR financing providers expect rising mortgage rates to stabilize prepayment
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Tips for Buying Your First Home in Harrisburg

For the uninitiated, mortgages are a tricky business, so let's start with the basics. A mortgage is essentially a large loan used to finance a house.
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Here are the top 10 metros for single-family rental investors

The average gross rental yield decreased slightly in 2017 according to the Q1 2017 Single Family Rental Market Report from ATTOM Data Solutions,
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Rekon Technologies makes HousingWire's TECH100 four consecutive years

Rekon and other honorees are being recognized in the March issue of HousingWire Magazine. Companies on the HW TECH100 are measured based
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Fed tells Santander to beef up its auto-lending oversight

The Federal Reserve told Santander to strengthen oversight of its subprime auto-lending unit because it continues to fall short of state and federal
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Freddie Mac Automates Assessments of Borrowers Without Credit Scores

Freddie Mac currently allows lenders to manually underwrite mortgage loans to borrowers without credit scores. By allowing automated assessments,
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FHFA: Fannie, Freddie single security needs another year to finish

Freddie Mac was first to implement the use of the CSP, using it for data acceptance, issuance support and bond administration activities released to
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Mortgage Rates Ease

Mortgage rates slipped lower this week, with the benchmark 30-year fixed mortgage rate dropping to 4.29%, according to Bankrate.com's weekly
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Mortgage rates dip for Thursday

Multiple closely watched mortgage rates trended down today. The average rates on 30-year fixed and 15-year fixed mortgages both decreased.
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New-home sales rise despite pricier mortgages

WASHINGTON — Americans responded to higher mortgage rates by snapping up new homes in February at the fastest pace since July. New-home
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