Existing-home sales inch up in November after 5-month decline
Sales of existing single-family homes edged up 0.8% between October and November, and more gains are expected as interest rates settle
by Ben Verde Dec 20
Recapping the resilience of the 2023 housing market
Opinion
Despite unprecedented challenges, and the predictions of naysayers, the residential real estate market showed surprising strength in 2023, according to industry analyst Michael Gifford
by Michael Gifford Dec 15
Homebuyers continue to take advantage of falling rates
Demand for purchase mortgages has picked up in 5 out of the past 6 weeks, and applications to refinance have roared back, jumping 27% from a year ago, MBA survey shows
by Matt Carter Dec 13
After Sitzer, what will happen to underserved communities?
Opinion
According to DEI expert Nora Crosthwaite, we have more questions than answers when it comes to the future of homeownership for underserved communities, and that's unfair to consumers
by Nora Crosthwaite Dec 8
FHA 2024 loan limits are headed up, chasing rising home prices
Annual home price appreciation of 5.5% pushes FHA loan limits up to a minimum of $498,257 in affordable markets and to a ceiling of up to $1.72M in high-cost states like Alaska and Hawaii
by Matt Carter Nov 29
Fannie and Freddie 2024 loan limits upped to $766,550 in most areas
Surge in Q3 home prices pushes mortgage giants' conforming loan limits in high-cost housing markets to $1,149,825 for single-unit properties, and up to $2,211,600 for 4-unit properties
by Matt Carter Nov 28
Homebuyers respond to biggest drop in mortgage rates this year
Purchase mortgage applications trended up last week for the first time in a month as mortgage rates retreated from 2023 highs, according to the MBA's weekly survey of lenders
by Matt Carter Nov 8
Big drop in mortgage rates as unemployment hints at recession
After breaching 8% in mid-October, 30-year fixed mortgage rates have plummeted to levels not seen since September as more investors expect Fed policymakers to lower rates in the spring
by Matt Carter Nov 3
Mortgage software provider Vesta powering Upstart's HELOC launch
Since announcing a $30M Series A funding round last year, Vesta has added partners and integrations at a rapid clip, including Willow Servicing, a cloud-based mortgage servicing platform
by Matt Carter Nov 2
LoanDepot lets buyers cover FHA down payment with 2nd mortgage
Available everywhere except New York, loanDepot's new 'accessZERO' program provides a down payment of up to 5% in the form of a 10-year fully amortized 2nd mortgage
by Matt Carter Oct 31
Here's how property managers can fight the effects of inflation
How can forward-thinking property managers mitigate the effects of inflation? It requires informed strategies and creative thinking. Here’s our approach.
by Michael Zaransky Oct 30
VantageScore: New scoring model could qualify 4.9M extra borrowers
Company puts heat on regulators to stick to 2025 timetable for requiring lenders working with Fannie and Freddie to use VantageScore 4.0; delays would impact 'creditworthy people of color'
by Matt Carter Oct 30
New Boom API to scale reporting of tenant payments to credit bureaus
New product will allow virtually any large-scale property management platform or rent payment gateway to directly embed its payment reporting module for simpler tenant payment reporting
by Craig C. Rowe Oct 30
Project to tackle appraisal bias continues with Nov. 1 hearing
The public is invited to join leaders from the American Bankers Association and mortgage giants Fannie Mae and Freddie Mac for an Appraisal Subcommittee hearing on tackling bias
by Matt Carter Oct 23
Existing-home sales droop as mortgage rates hit 20-year highs
Home sales fell 2% between August and September and retreated 15.4% from a year ago as prices and interest rates climbed
by Ben Verde Oct 19