In November, new listings jumped to their highest level since October 2022, while home prices also posted its biggest increase since the same time last year. Pending home sales also continued to rise, but many home purchases fell through at a record rate as some homebuyers got cold feet, according to a new Redfin report.
Read More »Report Spotlights Lending Inequities at Navy Federal Credit Union
The nation’s largest credit union—Navy Federal—has been found to have “the widest disparity in mortgage approval rates between White and Black borrowers of any major lender,” according to a CNN study of CFPB lending data.
Read More »Cultivating Leadership in the Servicing Sector
James Braxton of Servbank explains how investing in your own workforce will produce better leadership and enhance the overall customer experience.
Read More »Senate Measure Aims to Prevent Sale of Trigger Leads
Sens. Jack Reed and Bill Hagerty have introduced the bipartisan Homebuyers Privacy Protection Act, a bill that would end the sale of residential mortgage applicant information by credit reporting agencies.
Read More »Commercial and Multifamily Mortgage Debt Grows in Q3
MBA reports that a slip in sales transaction and refi volumes has meant less new debt was extended in the third quarter.
Read More »Rent Prices Continue Their Decline
The median asking rent was down from last month, according to Realtor.com's November 2023 Rental Report, with rental supply outpacing demand in the West and South, causing prices to cool.
Read More »Ill Prepared and Living in a Flood Zone
Only a quarter of respondents living in medium-risk flood areas who participated in Fannie Mae’s Flood Survey were familiar with government-backed flood insurance plans, what they cover, and—more specifically—what they don’t cover.
Read More »FHFA Supplemental Partial Claim: The Next Iteration
Taking a deep dive into Supplemental Partial Claims, Joseph Smith of Stretto explains the benefits and drawbacks they present in today’s mortgage landscape, and other considerations.
Read More »Home Flipper Investment Returns Rebound
Profits and profit margins for home flippers recovered in Q3 2023, with a new report revealing that investors were able to benefit from shifts in prices between the time of purchase and the point at which they sold them.
Read More »Housing Market Snapshot: The Year Ahead
The National Association of Realtors' latest forecast predicts a modest bump in existing-home sales while annual median home prices should remain relatively flat—something that bodes well for affordability.
Read More »
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