Lending and Originations

A new analysis from United Regions Van Lines examines the states that offer the greatest housing savings and which states rank highest in employment opportunities.

CoreLogic reports that the share of home loans in delinquency continues to dip nationwide, down from a high of 7.3% in the spring of 2020, and down by 0.5 percentage points from January 2022.

A judge in the U.S. District Court for Northern Illinois has granted plaintiffs class certification in an antitrust suit against NAR that challenges home sellers paying the commissions of real estate agents representing homebuyers.

“Home sales activity looks to be bottoming out in the first quarter of this year, before incremental improvements will occur,” said NAR Chief Economist Lawrence Yun.

In examining laws in New York, California, Utah, and Virginia, the Bureau determined that laws covering businesses in these states are not preempted by the federal Truth in Lending Act.

Cities in the Sun Belt have seen massive growth year-over-year as both median rent payments and median mortgage payments rose by over 20%.

FDIC turns ownership of Silicon Valley Bridge Bank over to First Citizens Bank & Trust Company in a deal that includes the purchase of approximately $72 billion of Silicon Valley Bridge Bank’s assets at a discount of $16.5 billion.

At the Low Income Housing Forum, Treasury Department Deputy Secretary Adeyemo reports that nearly 10.8 million Emergency Rental Assistance payments have been made to keep families in their homes.

“Home prices fell in February, the first year-over-year decline in the national median home price in more than two decades,” said Bright MLS Chief Economist Dr. Lisa Sturtevant.

The transaction includes the purchase of certain loan portfolios from Signature Bridge Bank totaling $12.9 billion, and the assumption of $34 billion in deposits by Flagstar.