CFPB and Justice Department Charge Developer and Lender Over Predatory Practices
A lawsuit filed by the CFPB and Justice Department alleges that Texas-based developer and lender Colony Ridge targeted and exploited Hispanic borrowers with false statements and predatory loans. Source: DS [...]
Seriously Delinquent GSE Loans Drop in Q3
According to the FHFA’s Foreclosure Prevention and Refinance Report for the third quarter, the GSEs’ serious delinquency rate declined at the end of the quarter, with Fannie Mae and Freddie [...]
Despite an Affordability Dip, Challenges Still Abound
Home-ownership expenses now require one-third of average wages nationwide, a 16-year high; historical affordability also stands at worst point since the subprime mortgage crisis in 2007. Source: DS News
Report: How Community Developers Impact Neighborhood Stabilization Efforts
According to the first-ever Auction.com 2023 Neighborhood Stabilization Report, new data found that community developers are purchasing and renovating distressed properties, often found in underserved neighborhoods, in efforts to provide [...]
U.S. Delinquency Rate Ticked Up in November
New First Look data from Intercontinental Exchange, Inc., revealed that the national delinquency rate inched higher in November but remains below pre-pandemic levels, while "serious" delinquencies—those that are more than [...]
Homeowners Hogging Limited Housing Supply From Potential Buyers
“This holiday season, homeowners are the ‘grinches,’ hoarding housing supply from willing buyers and keeping upward pressure on prices," said Mark Fleming, Chief Economist at First American. But the question [...]
Where Does Real-World Climate Action Begin?
“Storms, floods, fires, and heat waves are getting stronger and more frequent. They are making the human cost of our warming world all too real, especially for America's homeowners and [...]
Gen Z Migrated the Most in 2023
Only 11% of Millennials moved during the 2023 calendar year, as Gen Z changed locations more than every other generation by a wide margin according to a new year-end report. [...]
Home Sales Retreat YoY
"The latest weakness in existing home sales still reflects the buyer bidding process in most of October, when mortgage rates were at a two-decade high before the actual closings in [...]