Debate over title insurance alternatives is heating up again
Republican attorneys general in 14 states urge Fannie Mae and Freddie Mac's federal regulator to kill a pilot program that allows some borrowers to refi without obtaining title insurance
by Matt Carter Jul 25
Real Talk: We can no longer ignore RPAC's ethics problems
Opinion
Trump's newly appointed VP candidate introduced a bill in June that highlights the need to review RPAC's ethics policies for candidates receiving funds, Rachael Hite writes
by Rachael Hite Jul 22
Big drop in mortgage rates fuels refis, but homebuyers unmoved
One issue for would-be homebuyers seeking jumbo mortgages is that rates haven't come down as dramatically as they have for conforming mortgages eligible for purchase by Fannie and Freddie
by Matt Carter Jul 17
How to break down the pros and cons of buying down interest rates
Interest rate buydowns involve a trade-off between upfront costs and long-term affordability. Clever CEO Luke Babich offers strategies to help clients make the choice
by Luke Babich Jul 17
Judge gavel with justice lawyers to represent appraisal bias lawsuit
Appraisal management company Solidifi and lending giant Rocket Mortgage are also charged with violating the Fair Housing Act in 2021 refinancing request. Rocket says it expects to prevail
by Matt Carter Jul 16
housing construction, housing, getty
Builder confidence dropped 1 point in July to 42, according to the latest NAHB Housing Market Index. That's the lowest score since December 2023
by Richelle Hammiel Jul 16
Mortgage 'knowledge gaps' may be thwarting would-be homebuyers
3 in 4 Americans are planning to buy the next time they move, but many are overestimating minimum down payment, credit score underwriting requirements, according to a new Fannie Mae study
by Matt Carter Jul 16
Richard Simonelli returns to CoStar as company strengthens C-suite
CoStar Group revealed its latest executive hires of the summer, with Simonelli returning after 6 years as Compass' industry relations SVP. Cyndi Eakin was promoted to chief accounting officer
by Marian McPherson Jul 12
'Historic' agreement aims to break racial barriers in appraisal industry
The Appraisal Foundation will establish $1.22M scholarship fund to help aspiring appraisers get training and fulfill experience requirements said to have contributed to lack of diversity
by Matt Carter Jul 12
Fraud allegations against rental owners reach new high
Regulators and prosecutors are cracking down on landlords who've falsified income and expense data on crucial loan documents, according to a new feature published by 'The Wall Street Journal'
by Marian McPherson Jul 8
Consumers want lowest mortgage rate, but most won't shop for it
ICE Mortgage Technology survey finds 84% of homeowners who have taken out a mortgage in the last 5 years only considered 1 or 2 lenders before closing the deal
by Matt Carter Jul 5
Freddie Mac will dip a $2.5B toe into the second mortgage market
Modest pilot program approved by federal regulators was opposed by banks who have traditionally provided most home equity loans, but nonbank lenders have already made inroads
by Matt Carter Jun 25
Median home sale price in US rises to record high as transactions dip
The median sale price for an existing home in the US has grown to a whopping $419,300 — the highest since NAR began tracking the metric — following 11-consecutive months of price gains
by Ben Verde Jun 21
CoStar Group taps Christian Lown of Freddie Mac as new finance chief
Freddie Mac Executive Vice President and Chief Financial Officer Christian Lown will be taking his talents to CoStar Group in July, executives announced. Lown departs Freddie Mac on June 28
by Marian McPherson Jun 20
Hometown Lenders' national expansion collided with rising rates
In bankruptcy court, the Huntsville, Alabama-based mortgage lender says it plans to repay creditors by claiming more than $20M in tax credits, clawing back $1M from warehouse lenders
by Matt Carter Jun 5