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...
A commission lawsuit is filed in Arizona. But NAR isn’t the target
The wave of commission lawsuits have arrived in Arizona. In a copycat suit filed last Friday in U.S. District Court in Arizona, Joseph...
Class Valuation acquires AMC Valuation Connect
Troy, Michigan-based appraisal management company (AMC) Class Valuation announced on Wednesday that it has acquired fellow AMC Valuation Connect, formerly a subsidiary of...
FHFA says GSEs are open to alternatives to loan repurchases
Regarding lenders’ vociferous complaints about increased loan buybacks from Fannie Mae and Freddie Mac, FHFA Director Sandra Thompson said the regulator expects originators to deliver loans...
MBA names Rachel Kelley legislative affairs VP
The Mortgage Bankers Association (MBA) has appointed Rachel Kelley as vice president of legislative affairs.
In her new role, Kelley will be responsible for...
Mortgage lenders facing a dark, cold winter
The coming winter is expected to be an existential test of survival for many independent mortgage banks (IMBs), according to leaders of several...
Realtor.com CEO Damian Eales: CoStar is lying about being the No. 2 portal
The so-called portal wars heated up this week, when Realtor.com CEO Damian Eales made comments about rival CoStar Group’s Homes.com during the MLS...
American Pacific Mortgage names Bill Lowman chairman of the board
California-based retail lender American Pacific Mortgage (APM) has named vice chairman Bill Lowman as its chairman of the board, succeeding APM founder Kurt...
High mortgage rates sideline homeowners from tapping home equity: ICE
Rising home prices have pushed the third quarter’s tappable home equity amount near its 2022 peak, but interest rates are making homeowners reluctant...
HUD publishes several changes to reverse mortgage handbook section
The U.S. Department of Housing and Urban Development (HUD) on Monday published a new version of its Single Family Housing Handbook 4000.1, which...
