Redfin reports that home investors purchased 15.9% of the U.S. homes sold in Q3, with the typical investment home priced at $475,115, up slightly from $449,895 in Q3 of 2022.

In a letter to TransUnion, Experian, and Equifax, a coalition of Senators led by Sharrod Brown are urging the big three credit agencies to ensure servicemembers receive free credit monitoring services and free access to credit reports.

NAR reports that homebuyer income has seen an annual increase of 22% in 2023, as down payments have jumped to the highest percentage in over two decades.

New proposal seeks stakeholder feedback to ensure long-term viability for the HECM program and expanded availability for senior homeowners.

As hedge funds are invested more within the REO market, a growing demand for skilled agents is necessary, and an upcoming course presented by Five Star’s FORCE group will tap into this growing market.

With mortgage rates plummeting 26 basis points week-over-week, Redfin reports that buyers may have a limited amount of time to take advantage. The average rate now sits at its lowest level since mid-September … but for how long?

The MBA reports mortgage delinquencies tracked closely with the nationwide unemployment rate in Q3, with an uptick in delinquencies across all loan types–with FHA’s portfolio experiencing the largest year-over-year increase.

NAR reports that single-family existing-home sales prices rose in the vast majority of metros nationwide in the third quarter, with the national median home price growing to more than $406K.

Assuming the role of Board Chairman, former Fiserv and Bank of America exec is set to replace Sara Mathew, who will be retiring as the GSE’s Board Chair and Director in February 2024.

Due to financial instability, Sac City, Iowa-based Citizens Bank has been placed in receivership by the FDIC, marking the fifth U.S. bank failure reported this year.