Mortgage applications tick down amid elevated mortgage rates: MBA
Mortgage applications fell for the third week in a row as mortgage rates surged toward 8%.
For the week ending Oct. 27, total home...
The latest real estate commission lawsuit is the scariest of them all
Just hours after securing a victory for his home seller clients in the landmark Sitzer/Burnett commission lawsuit, Michael Ketchmark, the lead attorney for...
Mr. Cooper confirms personal data compromised in cyberattack
Mr. Cooper Group’s examination of the cyberattack it suffered in late October concluded that the personal information of current and former customers was compromised....
Baby boomers lag other generations in savings levels
On average, members of the baby boomer generation saved approximately $4,060 over the course of 2023, lagging behind the average savings levels of...
Home prices in opportunity zones show mixed trends in Q1 2024
Median prices for homes and condominiums in federally designated opportunity zones rose in 49% of areas from fourth-quarter 2023 to first-quarter 2024, according to...
Freddie Mac announces standardized mortgage documents for DPA programs
Freddie Mac rolled out standardized subordinate lien documents for subordinate mortgages offered by down payment assistance (DPA) providers to facilitate easier and greater...
Retired couples might need $400,000 in savings to cover medical expenses
Retired couples who are Medicare beneficiaries could need as much as $413,000 saved to cover medical expenses in the latter stages of life,...
NAR president offers guidance on how agents can navigate commission lawsuit uncertainty
In her first video appearance since the jury verdict in the Sitzer/Burnett commission lawsuit, National Association of Realtors president Tracy Kasper told NAR...
Mortgage rates fell 67 bps in November. Production was still down 10%
In the mortgage business, November typically represents the start of the slow season. While mortgage rates cooled down significantly from October, it wasn’t...
Low inventory drives U.S. home prices up 5.5% year over year in Q3: FHFA
U.S. house prices rallied again in the third quarter of 2023. In fact, home prices rose 2.1% quarter over quarter and 5.5% year...
