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 [...]
Director Fudge Sets Record Straight on Mortgage Pricing Fees
Federal Housing Finance Agency (FHFA) Director Sandra L. Thompson wants to set the record straight on mortgage pricing and has done so through a new statement released late April on [...]
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 [...]
Case-Shiller Reports 2% Gain in February
The latest S&P Dow Jones and CoreLogic Case-Shiller Indices revealed a modest increase in the components of the reports in February, despite eight of the 20 major metropolitan areas analyzed [...]
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 [...]
HUD to Open Housing Opportunities to People With Criminal Records
HUD to introduce rulemaking, establish a process for individualized assessments, and outline guidelines for public housing authorities to remove barriers to safe, affordable housing for people with criminal records. Source: [...]
CFPB Declares Revised Version of Prime Offer Rate Methodology
The Consumer Financial Protection Bureau announced a revised version of its Methodology for Determining Average Prime Offer Rates, used to measure and determine average prime offer rates for purposes of [...]
National Delinquency Rate Drops 15%
The rate ticked down 53 basis points to end March at its lowest level ever. Source: DS News
Millennials Bought More Homes Than Other Generations Last Year
About 30% of 25-year-olds owned their own home in 2022, higher than the 27% rate of the previous generation. Source: DS News