An upcoming Senate Banking Committee hearing will discuss the state of the nation’s banking system, and how the nation’s bank regulators have resolved these institutional failures.
Most Recent Articles
Examining Home Price Growth Gaps Across the U.S.
“The stark difference in home-price dynamics between the Bay Area and Miami may be a reflection of a long-term, pandemic-fueled shift in where people choose to live,” said Redfin Deputy Chief...
Optimism Growing, But Pending Home Sales Numbers Unchanged
“Although buyers, sellers, and builders are all more optimistic about the housing market, asking home price growth is easing and the typical home sales price is slipping. These point to the nudge...
Small Businesses Brace for Section 1071
A panel of experts will discuss the reach of Section 1071 of the Dodd-Frank Act, a measure that requires financial institutions to collect and report data on small business loans, in the next...
First-Quarter Median Home Values Decline in Opportunity Zones
In Q1 of 2023, typical home values in Opportunity Zones continued to fall below those in most other neighborhoods around the nation, according to ATTOM's new analysis.
Housing Payments Hit New High as Rates Surpass 7%
Monthly housing payments have reached a record-high of $2,614, as mortgage rates climbed to 7.12%, pricing out many homebuyers with tight budgets, according to Redfin.
Study: Despite Pandemic Remodeling Boom, Aging Homes Need Additional Investments
A Harvard University study reveals the nation’s homes are older today than at any time ever recorded, and remain in dire need of critical maintenance.
Construction Materials, Overall Industry Continue Downward Slide
A new report finds that labor issues continue to be a concern in the industry, with a decreased skilled labor pool magnified by an increase in the number and size of certain projects.
Colonial Savings Shutters Mortgage Origination Operations
Effective July 31, the Texas-based bank will shut down its mortgage origination business, and shift its focus towards full-service banking and mortgage servicing options.
West Virginia and Maine Possess the Highest Homeownership Rate Nationwide
Data culled from the 2020 Census Demographic Profile and Demographic and Housing Characteristics File has found that West Virginia and Maine reported the highest homeownership rates in 2020, while...
Home Affordability Takes Another Hit in April
“Homebuyer affordability eroded further in April, with both the typical borrower monthly payment and median purchase amount rising due to higher rates and home prices,” said Edward Seiler, MBA's...
Ongoing Financial Volatility Pushes Mortgage Rates Upward
Freddie Mac reports a week-over-week rise of 18-basis points in mortgage rates, further contributing to a sluggish and slow spring season for the national housing market.
Seller Concessions Becoming More Common, Especially in Pandemic-era Boomtowns
Sellers gave up the most in pandemic-era boomtowns, with Tampa, Florida reporting a bigger year-over-year growth in seller concessions than in any other metropolitan area.
Examining Gaps Between Mortgage Rates and 10-Year Treasury Yields
“It’s reasonable to assume that the spread and, therefore, mortgage rates will retreat in the second half of the year if the Fed takes its foot off the monetary tightening pedal and provides...
Mortgage Rates Elevated, But Historically About Average
“Though mortgage rates are substantially higher than they have been on average over the past decade, from an historic perspective rates are about average,” Freddie Mac said.
Home Price Growth Reached 13-Year High in Spring 2022
While home prices rose nationwide in 2022, the frenzied pandemic-era housing market made price growth trends more local than they had been since 2009, according to a new report from Redfin.
Mortgage Apps Fall Nearly 5% Week-Over-Week
With mortgage rates rising to levels last seen in March, the MBA reports that overall application volume dropped 4.6% week-over-week, amid a continued lack in the nation’s housing inventory.
Rising Rates Hike Up Monthly Mortgage Payments
Rising mortgage rates are costing new 30-year, fixed-rate mortgages hundreds to tens of thousands of dollars in costs over the lifetime of a loan. Click through to find out what that means for new...
The Lock-In Effect Keeping Inventory at Ultra-Low Levels
“Elevated mortgage rates are preventing would-be buyers from buying and would-be sellers from selling. And because sellers aren’t selling, the buyers who are out there have very limited options,”...
Industry Experts Take to Capitol Hill to Debate LLPAs Changes
The House Financial Services Committee hosted a panel featuring Edward J. DeMarco of the Housing Policy Council and NAR President Kenny Parcell discussing loan-level price adjustments used by...
USMI Appoints Christina Brown as VP and Senior Counsel
“We are thrilled to have Christina join our team and share her deep knowledge of the mortgage industry, the housing finance system, and the regulatory process to support our members as they enable...