High Home Prices Fuel Peak Rental Season
According to RentCafe's August Rental Activity Report, Arlington, Virginia, is the most desired city by renters nationwide. As mortgage rates have topped 7% once again, renting remains the most affordable [...]
Florida Bankruptcy Court Establishes “Safe Harbor” Flat Fee in Chapter 13 Proceedings
The Southern District of Florida has adopted new guidelines establishing a flat fee of $525 for attorneys representing secured creditors in Chapter 13 proceedings. Source: DS News
Share of U.S. Homes Sold to Investors Held Steady This Summer
According to a new analysis from CoreLogic, California, Washington, D.C., and Georgia now lead for the highest investor shares in Q2, as investors accounted for 26% of all single-family home [...]
Independent Mortgage Banks Report Q2 Losses
Independent banks reported a pre-tax net loss of over $500 on every loan originated during the second quarter of 2023. This marks a notable improvement over losses posted in the [...]
New Construction Homes Keeping the Housing Market Afloat
Homebuyers are turning to newly built properties amid the severe inventory shortage, according to a new market report from Redfin, which revealed new construction homes made up 31.4% of single-family [...]
Trade Groups Submit Comment on the FHFA’s G-Fee Structure
Multiple trade associations have responded to the FHFA’s Request for Input on the GSE’s Single-Family Mortgage Pricing Framework through the promotion of responsible homeownership opportunities for all home-ready borrowers. Source: [...]
HUD Announces Additional Assistance to Hawaii Communities Impacted by Fires
The Department has issued regulatory and administrative waivers to allow the use of funding to help communities in Maui and the Island of Hawaii to accelerate recovery efforts. Source: DS [...]
Census Bureau Finds July Building Permits Increased in July
According to the U.S. Census Bureau, privately-owned housing units counted by the number of building permits issued in July were at a seasonally adjusted annual rate of 1,442,000. This number [...]
Census Bureau Finds Building Permits Increased in July
According to the U.S. Census Bureau, privately owned housing units counted by the number of building permits issued in July were at a seasonally adjusted annual rate of 1,442,000. This [...]