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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.

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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.

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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.

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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.

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