Pending home sales broke a six-month skid last month with a slight 0.7 percent rise from April.
Mortgage Bankers Association President and CEO Robert Broeksmit, CMB, said Special Purpose Credit Programs can provide lenders with an effective way to serve minority groups who do not have access to generational wealth.
CoreLogic, Irvine, Calif., said U.S. single-family rent growth continued its hot streak in May, with prices up by 14 percent year-over-year for the thirteenth consecutive month of record-breaking annual gains.
May new home sales proved to be a solitary bright spot in a month of otherwise disappointing housing reports, rising by nearly 11 percent from April, HUD and the Census Bureau reported Friday.
Lender Price, Pasadena, Calif., released Marketplace 2.0, a major enhancement to its Broker Marketplace platform.