MBA: Mortgage Apps Up Across the Board

Mortgage applications rose 3.1 percent over the week, according to data gathered in the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. The MBA’s Refinance Index grew 4 percent, as well, while the Purchase Index grew 2 percent. The refinance share of mortgage activity increased to 45.6 percent of total applications from 45.4 percent the […]

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National home prices hit peak while cash buyers decline, report says

Despite varying growth patterns across the nation, the U.S. median home price reached its 52nd consecutive month of growth in June, according to Attom Data Solutions’ June and Q2 home sales report …

Capitalism and conservation: Keeping Portland weird

Portland real estate investor Justin Grubb finds himself in the middle of a “civil war going on between capitalism and embracing Portland’s weirdness.” …

How to spot a real estate investment bubble

We want to talk about a few things we see in our local Washington, D.C., and Baltimore markets, in addition to describing signs of a market bubble and what you should be aware of. In most markets, changes develop pretty quickly, and in this industry, c…

Judge strikes blow to Quicken Loans’ lawsuit against DOJ

A federal judge has struck down mortgage lender Quicken Loans’ lawsuit against the U.S. Department of Justice, but the company vows to continue fighting the claims that it mishandled government-backed mortgages …

RealtyTrac: Homeowners cashing out equity as price appreciation hits peak

Homeowners are cashing out the home equity they have gained during the housing recovery, signaling that the housing market may be hitting a plateau, according to RealtyTrac’s U.S. Home Sales Report for the third quarter. On average, homeowners who sold during Q3 saw an average price gain of $40,658, the highest average price gain reported since Q3 in 2007, shortly before the market crashed — despite the fact that home prices have been stagnant since bottoming out in …

Where home-flipping profits flow like wine

After fizzling out to a 15-year low a year ago, home flipping has undergone a bit of a resurgence in 2015 thanks, at least in part, to a surge in low down payment FHA buyers, many of whom are millennials looking for their first home. Single-family home…

Mortgage credit eases as investors loosen requirements for FHA loans

Mortgage credit availability rose in May compared to the previous month as some investors lowered their credit score requirements for loans insured by the Federal Housing Administration (FHA) and financing for jumbo mortgages expanded slightly, the Mor…

Mortgage credit eases as investors loosen requirements for FHA loans

Mortgage credit availability rose in May compared to the previous month as some investors lowered their credit score requirements for loans insured by the Federal Housing Administration, and financing for jumbo mortgages expanded slightly, the Mortgage…

Government shutdown won’t shut down FHA

Despite reports to the contrary, the Federal Housing Administration will not stop processing loan applications in the event of a government shutdown at midnight tonight. In what appears to be a reversal of an earlier position stated last week, the …