The Bureau issues an interim final rule that contains updates to reflect a new law and Federal Reserve Board regulation.
Read More »HUD Awards $15M to Help Seniors Age in Place
“By providing a pathway for more older adults to stay in their homes, we are helping to improve lives and ensuring the opportunity for seniors to age with dignity,” said HUD Secretary Marcia L. Fudge.
Read More »Profit Margins on Typical Home Sales Drop Nationwide to Two-Year Low
As home prices remain flat throughout the country, ATTOM's Q1 2023 U.S. Home Sales Report revealed investment returns declined quarterly by five points, while median home values declined in nearly all markets nationwide.
Read More »Pending Home Sales Decrease for First Time in Five Months
The National Association of Realtors reported that pending home sales fell 5.2%. Click through for more.
Read More »Nationwide Mortgage Delinquency Rate Neared Record Low in February
“February’s early-stage delinquency rate was historically low and primarily driven by a strong job market,” said Molly Boesel, Principal Economist at CoreLogic. “However, the possibility of a recession that would raise the U.S. unemployment rate could slightly erode the current strong mortgage performance situation in the coming months.”
Read More »Declining Home Prices, Softening Labor Market May Increase Foreclosures
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.
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