Homebuyers backed out of deals at the highest rate on record in October, driving more home sellers to lower their prices and offer concessions to entice home shoppers. A new Redfin report revealed that a spike in new listings drove pending home sales to their highest level in a year.
Most Recent Articles
Homeowners Staying Put Amid Low Housing Supply, Leveraging Home Equity
“Homeownership is not just about having a place to live—it's a critical component of financial security and building generational wealth,” said Steve Kaminski, Head of U.S. Residential Lending at...
The Week Ahead: Exploring Cost Savings Through Outsourcing
The Five Star Institute, in partnership with Global Strategic Business Process Solutions, will present a webinar discussing how outsourcing can transform mortgage operations and workflow. The post...
FHA Supports Homeownership for Nearly 800K Americans
More than 790,000 persons were served by the Federal Housing Administration (FHA) in 2024, according to the U.S. Department of Housing and Urban Development (HUD). The Annual Report to Congress...
Seeing Around Corners With Stanley C. Middleman
MortgagePoint speaks with Freedom Mortgage’s President and CEO about his career, his new biography, and his insights into the “tidal nature of the economy.” The post Seeing Around Corners With...
Ginnie Mae President Valverde Announces Resignation
Effective November 30, Ginnie Mae’s Acting President will step down from his role, to be replaced by current SVP Gregory Keith, who will assume the responsibilities of the Ginnie Mae head. The...
Dark Matter Technologies Names New CEO
The mortgage tech provider’s CEO transition will see current Chief Revenue Officer Sean Dugan replace Rich Gagliano, effective April 2025. The post Dark Matter Technologies Names New CEO first...
Fannie Mae Adds Homebuilding Exec to Its Board
Bringing nearly 40 years of experience in the homebuilding industry, Scott D. Stowell joins the GSE’s Board to guide efforts in expanding access to quality, affordable housing. The post Fannie Mae...
When Purchasing a Home, Make Sure the Time Is Right
A new study reveals the best day, month, and states to buy a home, all based on securing the lowest premium above the automated valuation model. The post When Purchasing a Home, Make Sure the Time...
CFPB Finalizes Personal Financial Data Rights Rule
The new rule is expected to lower prices on loans and empower individuals to more easily dismiss financial companies that provide poor service. The post CFPB Finalizes Personal Financial Data...
IMB Production Profits Tick Up in Q3
"Mortgage companies reported net production profits for the second consecutive quarter after an unprecedented period of net production losses that spanned two years,” said Marina Walsh, CMB, MBA’s...
Paving the Way to a Brighter Future
Dutch Mendenhall, Founder of RADD Companies, discusses the state of the industry and the important role real estate professionals play in the lives of their customers. The post Paving the Way to a...
Consumers Agree to Disagree When It Comes to New Neighborhood Construction
New Fannie Mae research showed that while most U.S. consumers support the construction of additional housing, many disagree with the specifics in their own neighborhoods. Here’s what the research...
Homeowners and Buyers Reveal the Most Desired Home Trends for 2025
By examining hundreds of attributes and design motifs referenced in for-sale listings, Zillow has identified the top growing trends sought out by house hunters in the coming year. The post...
Costs Mounting for Homebuyers
A new study digs deeper into the rising cost of purchasing a home, as repairs and renovations, concessions, closing costs, as well as other upfront expenses have contributed to increased...
Taking the Pulse of Mortgage Servicing: Industry Leaders on What’s Ahead
MortgagePoint speaks with servicing executives about the current state of the industry, the challenges they are currently navigating, and what they expect for the year ahead. The post Taking the...
Q3 U.S. Foreclosure Snapshot
“Foreclosure activity remains challenging for U.S. homeowners, with starts and completed foreclosures up in October,” said Rob Barber, CEO of ATTOM. “As we approach 2025, the recent Fed rate cut,...
How Many Renters Are Paying Less Than $1K per Month?
With the median apartment asking rent now over $1,600, a new examination of Census Bureau data takes a closer look at renters paying less than $1,000 per month, and the areas where renters are...
Home-Care Costs Continue to Climb
Despite recent research revealing inflation deceleration, extreme weather, aging housing inventory, and national economic conditions are taking a toll on 'essential home project' prices. The post...
Which Mortgage Lenders Led the Way in Customer Satisfaction?
J.D. Power ranks the nation’s top mortgage lenders based on customer satisfaction, loyalty, and advocacy scores in its annual survey. The post Which Mortgage Lenders Led the Way in Customer...
Good News for Renters Seeking Affordable Rentals
According to Sheharyar Bokhari, Senior Economist at Redfin, although rent prices remain flat in many U.S. metros where rental supply outpaces demand, new apartments are being built at the fastest...