While nominal house price appreciation slowed in response to affordability-constrained demand, new data revealed falling house prices could cause foreclosures to jump, according to the First American Real House Price Index,
Read More »CFPB Issues Further Guidance on ‘Zombie Mortgages’
The Consumer Financial Protection Bureau has issued guidance to protect consumers from illegal collection tactics on so called “zombie mortgages,” since it is illegal for debt collectors to sue or even threaten to sue to collect on these debts past the statute of limitations or in other illegal fashions.
Read More »Director Thompson Sets Record Straight on Mortgage Pricing Fees
Federal Housing Finance Agency (FHFA) Director Sandra L. Thompson has released a new statement addressing the pricing framework of Fannie Mae and Freddie Mac.
Read More »Single-Family Home Sales Jumped 9.6% in March
According to new residential sales statistics from U.S. Census Bureau and the U.S. Department of Housing and Urban Development, new single-family home sales rose to a seasonally adjusted annualized rate of 683,000.
Read More »Case-Shiller Reports 2% Gain in February
The latest S&P Dow Jones Indices (S&P DJI) CoreLogic Case-Shiller Indices revealed for February a modest increase in the components of the reports even though eight of the 20 major metropolitan areas saw a decrease in prices.
Read More »March Marks 14th Consecutive Month of Slowing Rent Growth
Despite a gradual slowdown in annual rent growth, concerns about affordability remain nationwide as the median asking rent in the 50 largest metros analyzed increased, while Realtor.com's March 2023 Rental Report revealed a tight labor market could keep rent prices high.
Read More »HUD to Open Housing Opportunities to People With Criminal Records
HUD will introduce rulemaking, establish a process for individualized assessments, and outline guidelines for public housing authorities to remove barriers to safe, affordable housing for people with criminal records.
Read More »CFPB Issues Revised Version of Prime Offer Rate Methodology
The Consumer Financial Protection Bureau announced a revised version of its Methodology for Determining Average Prime Offer Rates, used to measure and determine average rates for purposes of federal mortgage rules.
Read More »National Delinquency Rate Drops 15%
The rate ticked down 53 basis points to end March at its lowest level ever.
Read More »Millennials Bought More Homes Than Other Generations Last Year
About 30% of 25-year-olds owned their own home in 2022, higher than the 27% rate of the previous generation.
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