For 10 milllion people with credit report errors, a new settlement with credit reporting agencies makes it easier to dispute and correct errors.
White House personnel have said that President Obama plans to drop FHA mortgage insurance premiums with an executive action.
Home prices rose in almost every city comprising the S & P 500 / Case Shiller 20-city composite index, according to a press release issued today. New York City was the only metro area with declining property prices in the first quarter 0f 2014. Overall, home prices rose more... Read more
(photo: Andrea Allen) If the housing market were a boxer, you could say it had been stunned a little by a one-two combination, but was still on its feet. After falling in January and February, the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) rose slightly in March.... Read more
If you’re worried that rising home prices are about to go south, you aren’t alone. Analysts and media reports have recently paid much attention to the slower pace of home price gains, but longer-term trends may ease your concerns. Home prices continue to rise, but not as fast as they did early last year. The Federal Housing... Read more
(photo: Jason Persse) It has been a cold winter across much of the United States, and economic news has been similarly frigid. The latest US Census Bureau report on new home sales breaks the chill like a warming ray of sunshine. With the weather phenomenon known as the polar vortex... Read more
According to the Mortgage Bankers Association, U.S. mortgage defaults and foreclosures have fallen to levels not seen since the early months of the recession in the first quarter of 2008. The national default rate for mortgages one or more payments past due but not in foreclosure fell to 6.39... Read more
It seems as though home builders did not receive many Valentines from their customers, as the mood of those builders turned decidedly sour in February. The National Association of Home Builders/Wells Fargo Housing Market Index dropped for the second consecutive month in February, and the latest decline was particularly steep... Read more
One of the pressing economic questions of the past several months has been how the housing market would react to last year’s rise in mortgage rates. The latest report on new home sales suggests that higher mortgage rates are taking their toll on the volume of sales. On January 27,... Read more