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Mortgage News

Thu, 23 Mar 2017

New Home Sales Build on January Strength

Posted To: MND NewsWireNew home sales posted a much better February than did existing home sales and, in fact, better than most analysts had expected. The U.S. Census Bureau and the Department of Housing and Urban Development report that sales of newly constructed single family homes rose 6.1 per...
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Thu, 23 Mar 2017

Financial Services Committee Hears Arguments to "Restructure CFPB"

Posted To: MND NewsWireThe House Financial Services Committee (FSC) held a hearing on Tuesday into the constitutionality of the structure of the Consumer Financial Protection Bureau (CFPB). The hearing arose in part from a pending case, PHH Corp. v. CFPB , in which that constitutionality is one o...
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Thu, 23 Mar 2017

Loan Pay-Offs Hit Three-Year Low

Posted To: MND NewsWireAs further evidence that the era of refinancing is ending, Black Knight Financial Services says that prepayment speeds (the SSM rate), historically a good indicator of refinancing , declined 15 percent in February. In its regular "first look" at mortgage performance activit...
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