Government

NAR reported a steadying of pending home sales in the month of November, as contract signings grew in the Northeast, Midwest, and West, but slid in the South.

In a recent speech before the New England Council, Sen. Elizabeth Warren calls for big national investment to lower housing costs nationwide, while fortifying protections for both renters and families.

Even in light of changing legislation and promises from banks to be more transparent on how and when overdraft fees occur, the CFPB has found that many Americans are still surprised by them.

HUD and the Census Bureau have reported privately‐owned housing starts were up in November 2023, nearly 15% above October 2023’s totals.

As part of the Biden Administration’s Investing in America agenda, the Department has awarded nearly $180 million in grants to support energy and sustainability programs.

A lawsuit filed by the CFPB and Justice Department alleges that Texas-based developer and lender Colony Ridge targeted and exploited Hispanic borrowers with false statements and predatory loans.

According to the FHFA’s Foreclosure Prevention and Refinance Report for the third quarter, the GSEs’ serious delinquency rate declined at the end of the quarter, with Fannie Mae and Freddie Mac completing more than 43,000 foreclosure prevention actions during Q3.

A new report reveals that the national delinquency rate inched higher in November but remains below pre-pandemic levels, while "serious" delinquencies—those that are more than 90 days past due—also rose but are down year-over-year.

“Storms, floods, fires, and heat waves are getting stronger and more frequent. They are making the human cost of our warming world all too real, especially for America's homeowners and renters,” said Tim Judge, SVP and Head of Modeling and Climate Change Officer for Fannie Mae.

By opening a new round of applications, HUD's ConnectHomeUSA program seeks to support additional Department-assisted communities in getting affordable and reliable internet access.