Have home prices finally hit bottom? Many analysts think so. According to the latest forecast by Fiserv, the market watcher sees a big boost to home prices on the horizon, projecting that home prices will rise nearly 4 percent per year for the next five years.
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Tighter housing inventories are starting to lift home prices, says Anand Nallathambi, CoreLogic’s CEO.
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The U.S. Department of Justice is investigating Wells Fargo, the largest mortgage servicer, over allegations that the bank may have discriminated against minority home buyers by offering them risky loans when they qualified for more traditional, safer loans.
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Do you have a fear of being apart from your cellphone? If so, you may suffer from “nomophobia” or “no mobile phone phobia,” MSNBC.com reports.
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A new study estimates that 17.3 million prospects for new mortgages are being overlooked by lenders. Many of these prospects hold little credit history and, therefore, may be viewed as a risk to some lenders in making a loan.
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The rate of borrowers past due by 60 days or more on their mortgage payments fell in the first quarter to 5.78 percent, the lowest delinquency rate since 2009, according to TransUnion.
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