Foreclosure filings in Nevada dropped in October, which was the first month of a new state law that mandates tighter foreclosure-processing requirements.
A new bipartisan effort on Capitol Hill would change the way homes are appraised by putting energy costs and savings into standard mortgage underwriting equations.
The nation’s home appraisal system needs a serious overhaul, according to a white paper prepared by appraiser Joan Trice and members of the Collateral Risk Network.
Davenport, Iowa, and Fort Collins, Colo., are among the 30 housing markets to make NAHB/First American’s Improving Markets Index, which identifies metros that have shown improvement for at least six months. See which markets made the list.
Last week, purchase demand for U.S. home mortgages improved, but applications for the mortgages remained unchanged and refinancing activity held steady.