Pending Sales Dropped in all Regions YoY
Month-over-month, contract signings intensified in the Northeast but diminished in multiple other U.S. regions. First American Deputy Chief Economist Odeta Kushi commented, “While there remains quite a bit of demand [...]
Organizations Call on FHFA to Lower Housing Costs for Renters, Homeowners
In a letter, nearly 80 consumer, energy, housing, health, manufacturing, and environmental organizations called on the Federal Housing Finance Agency to help lower costs and make housing safer and healthier, [...]
Most Americans Aren’t Too Optimistic About 2024’s Housing Market
While the housing market remains unpredictable, an estimated 35% of Americans want it to crash in 2024, according to a new LendingTree study, as many believe that will be the [...]
Servicer Prevails After a Challenge on Pre-Suit Compliance With HUD Regulations
Attorney Jamie Juster of McCalla Raymer Leibert Pierce discusses a recent case where the borrower argued that their lender failed to comply with HUD regulations by not conducting a face-to-face [...]
Migration Data Names Nashville as Latest Housing Hotspot
The tech hub of Austin, Texas, has been a beacon of migration during the pandemic, but tastes are changing, leading to Nashville becoming a destination hotspot for the first time [...]
Report: Foreclosure Activity Trends Increasing
“The silver lining of this trend is that it’s usually local or regional investors seeking to purchase commercial REO properties, often to launch new concepts or businesses,” said Michael Krein, [...]
Improving Affordability Fueled by Moderate Decline in Home Prices
"Our 2024 housing forecast reveals the green shoots we've been waiting to see in the housing market and should give buyers some optimism after a grueling few years," said Danielle [...]
Ginnie Mae Revises Its Definition of High Balance Loans
In order to more closely align with the FHFA’s hike in conforming loan limits for 2024, Ginnie Mae has revised its definition of High Balance Loans for single-family forward mortgage [...]
CFPB Fines Bank of America Over HMDA Violations
The Bureau has ordered the bank to pay $12 million into the CFPB’s victims relief fund for falsifying forms about mortgage applicants and reporting incorrect information to federal regulators. Source: [...]