CFPB Proposes the Removal of Medical Bills From Credit Reports
Proposals are being considered by the Bureau to help end coercive debt collection tactics, clean up inaccurate data, and improve credit score predictiveness by erasing medical bills from Americans’ credit [...]
Freddie Mac Sells $586 Million in Non-Performing Residential Loans
The GSE has announced the sale, via auction, in excess of 3,500 non-performing residential first lien loans (NPLs) from its mortgage-related investments portfolio as part of Freddie Mac’s Standard Pool [...]
Annual Home Price Appreciation on Pace to Accelerate
Home prices continued to rally nationwide in July, as the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a slight 1% annual change in July, up from no [...]
Study Examines Why 1 in 5 Americans Regret Moving
Among homeowners who have relocated in the last three years, more than 20% regret moving, according to a new study from All Star Home, with unexpected housing costs cited as [...]
Homebuying Power Weakens as Housing Affordability Plummets
Consumer homebuying power decreased from June to July 2023 and decreased 11.0% year-over-year, according to the First American Real House Price Index, while housing affordability dropped to its lowest point [...]
Ginnie Mae Revises Its HMBS Pooling Eligibility Requirements
Changes to Ginnie Mae’s HMBS program will improve issuer liquidity, and enable issuers continuous access to capital market sources of funding to securitize HMBS participation. Source: DS News
HUD and VA Awards $16 Million to Assist Homeless Vets
Governmental agencies issue vouchers to 71 Public Housing Agencies nationwide to help homeless vets and their families find and sustain permanent housing. Source: DS News
Rents Decline for Fourth Straight Month as Homebuying Costs Elevate
"Rents have registered steady declines for the past four months and, while they remain well above pre-pandemic levels, when you factor in the impact of record-high mortgage rates and high [...]
High Rates Push Pending Home Sales Down 13%
Mortgage interest rates have remained stubbornly high in recent weeks, well after the summertime busy season moving into the tamer fall season. Source: DS News