According to the November 2023 ICE Mortgage Monitor Report, purchase-mortgage applications declined nearly 50% below pre-pandemic levels, with annual home price growth experiencing the weakest monthly gain since January. [...]
Due to financial instability, Sac City, Iowa-based Citizens Bank has been placed in receivership by the FDIC, marking the fifth U.S. bank failure reported this year. Source: DS News
Attorney Lisa Woodburn details a recent Florida case where a property owners association was awarded nearly $90,000 for delinquent assessments, interest, late charges, costs, and attorneys’ fees. Source: DS [...]
HouseCanary has released its most recent iteration of the Market Pulse Report covering October 2023 which showed that marked activity—in terms of net new listing volume—remains sharply down year-over-year [...]
Redfin reports that many home sellers are getting just two or three offers as opposed to 20 at the pinnacle of the market, as nearly 7% of the homes [...]
The Bureau has issued a new analysis on state Community Reinvestment Act laws, examining affirmative lending, service delivery, and investment obligations by mortgage companies and deposit-taking institutions. Source: DS [...]
In an effort to assist borrowers impacted by Maui’s August wildfires, mortgage servicers will be prohibited from initiating or completing foreclosure actions through May 6, 2024. Source: DS News
While underwater mortgages continue to improve throughout the U.S., ATTOM's 2023 U.S. Home Equity & Underwater Report revealed nearly half of all mortgaged properties were considered equity-rich in Q3, [...]
Total bankruptcy filings increased in October on a yearly basis at a rate of 24%. Click through to read an analysis of the latest data. Could it prove an [...]
Amid a larger inventory drought and increasing mortgage rates, Realtor.com reported that October home prices held steady from the previous month as the number of homes actively for sale [...]
