The decline in housing affordability that results from increased consumer mortgage rates reflects an increase in both the monthly mortgage payment and the minimum income needed to purchase a home. (eyeonhousing.org)
The total settlement is just over $ 5 billion, and will include $ 1.8 billion in consumer mortgage relief. (fortune.com)
Consumer mortgage application activity also went down 7.3 percent from the prior week, yet up 17 percent in comparison to the same week just one year ago. (secureloanconsolidation.com)