Home Construction Still Affected by Supply Chain Issues
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development have released their new residential construction statistics for February 2022, which found that privately‐owned housing starts in February [...]
OCC and FinCEN Levy $140M Fine, Cease and Desist Order Against USAA
Joint actions were taken today by the OCC and FinCEN against USAA, citing violations of the Bank Secrecy Act and failure to establish an effective Anti Money Laundering program. The [...]
Senate Banking Committee Approves Nomination of Thompson as FHFA Director
A special Executive Session of the Senate Banking Committee voted on advancing Sandra Thompson as Director of the FHFA, among other key nominations. The post Senate Banking Committee Approves Nomination [...]
Borrowers Want to Reach Servicers Digitally When Help Is Necessary
At the beginning of 2020, the markets were trucking along just fine until we learned of a new novel virus that would go on to change nearly every facet of [...]
CFPB Takes Aim at Anti-Discrimination Practices
Targeting unfair discrimination in consumer finance, the CFPB vows to take action against financial institutions that engage in discriminatory conduct. The post CFPB Takes Aim at Anti-Discrimination Practices appeared first [...]
Navigating the Housing Market Frenzy
According to a new report from Redfin, some 60% of homes that went under contract during the four-week period ending March 6 found a buyer within two weeks—an all-time high—which [...]
Federal Reserve Increases Interest Rates
The Federal Reserve raised the nominal interest rate on Wednesday, for the first time since 2018, citing factors such as surging inflation and the growing military conflict in Ukraine. The [...]
Single-Family Rent Prices Hit Historic Highs
CoreLogic released its latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across major metropolitan areas. Single-family rent prices experienced extensive growth during 2021, increasing an [...]
Inventory Down, Prices Up in Vacation Hotspots
According to a new report from Redfin, demand for vacation homes fell drastically in February, with mortgage-rate locks for second homes reaching their lowest level since May 2020. Demand was [...]