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Results: 10 Articles found.

February 2016

Initial TRID Enforcement Actions Corrective, Not Punitive

The Consumer Financial Protection Bureau said it viewed the first months of implementation of its RESPA/TILA Integrated Disclosure rule as "corrective and diagnostic, rather than punitive," noting concern that investors may be rejecting TRID loans for minor errors, MBA NewsLink reported Jan. 4.

 

February 2016

Manhattan Land worth More than $1 Trillion

The value of all the land in Manhattan is about $1.4 trillion, according to data released by economists Jason Barr, Fred Smith and Sayali Kulkarni and reported by Vox Media Jan. 6. Land prices in Manhattan have increased 15.8 percent annually since 1993.

 
February 2016

Virginia Settles $63 Million Suit with 11 Banks for RMBS Fraud

The Commonwealth of Virginia announced Jan. 22 that it reached a $63 million settlement with 11 banks over allegations that they defrauded the state's retirement system by allegedly misrepresenting the quality of residential mortgage-backed securities, HousingWire reported.

 

February 2016

Fannie Mae: Housing Affordability to Decrease this Year

Housing affordability is expected to decrease this year, especially on the low-end of the market where price gains are expected to outpace household income growth, which negatively affects affordability, Fannie Mae's Economic & Strategic Research Group reported Jan. 14.

 
February 2016

Report: US Home Prices to Increase this Year

U.S. home prices are expected to grow 4.5 percent this year, raising the market to more sustainable levels as home construction rebounds, according to a report from ratings agency Fitch Ratings, MBA NewsLink reported Jan. 14.

 

February 2016

NAHB: Indicators Point toward Housing Growth

A strong U.S. economy and job market combined with low mortgage rates should help new homes sell at a modest pace this year, although the market is far from reaching the level of sales achieved before the last housing boom went bust, the National Association of Home Builders reported Jan. 19.

 
February 2016

Rents Increased 4.8 Percent in 2015

Rents across the U.S. rose 4.8 percent in 2015, marking six consecutive years of increases and putting the rent for a typical apartment in the 100 largest metros at $1,244 per month, according to a report from apartment research firm MPF Research, MBA NewsLink reported Jan. 7.

 

February 2016

Florida Boasts Hottest Beachfront Real Estate Markets

Nine of the 10 hottest waterfront real estate markets are located in Florida, with Sarasota and Naples taking the top two spots on the list Realtor.com released Jan. 11 showing the most frequently researched beachfront markets.

 
February 2016

Phoenix is Top City for ‘Smart’ Homes

Builders in Phoenix lead the smart-home charge, making it the top market for wired houses, Realtor.com reported Jan. 4. Other top markets for tech-heavy homes include Dallas, New York, Miami and Los Angeles. Noticeably absent: cities in and around the tech hub of Silicon Valley.

 

February 2016

Lower-price Homes Increase in Price

Residential home prices saw a year-over-year increase of 6.3 percent in November, with homes in the low-price tier increasing at the fastest pace in recent months, according to the Home Price Index Report from analytics firm CoreLogic.

 
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