Housing inventory growth slows to a halt
Weekly housing inventory data
All I wanted for Thanksgiving and Christmas was just a few weeks of active inventory growth between 11,000 – 17,000....
Minority homeownership gains ground, but disparities persist: NAR
The dream of homeownership is becoming more attainable for many Americans, with 10.5 million homeowners added between 2012 and 2022. Some racial minorities...
Valverde appointed acting president of Ginnie Mae
Sam Valverde, formerly the principal executive vice president of government-owned corporation Ginnie Mae, was named as its acting president as of May 6,...
East Coast, Midwest cities dominate 2024 best places for veterans to live
The East Coast and Midwest stand out as prime locations for veterans and current military service members, according to the 2024 Best Cities...
NAR names new chief marketing and communications officer
The National Association of Realtors (NAR) has a new chief marketing and communications officer. The trade group announced Tuesday that Suzanne Bouhia would...
Redfin expands new pay plan to two new California markets
After a successful launch of its new agent pay structure in Los Angeles and San Francisco in late October, Redfin announced Monday that...
‘Not HELOC. Not piggyback.’ Freddie Mac exec defends new product proposal amid resistance
“What we are bringing forward, called closed-end second lien, assuming a FHFA approval, will provide them an alternative to the cash-out refi,“ he...
U.S. Bank appoints new retail lending leader
U.S. Bank appointed John Hummel to lead its East market for retail home lending. Hummel, who previously led the correspondent and Housing Finance...
Mortgage rates continue falling before Thanksgiving: Freddie Mac
Mortgage rates dropped significantly in the last few weeks, but the cost of borrowing remains high prompting many homebuyers to wait for even...
Pennymac rolls out new home equity loan product for broker partners
California-based Pennymac Financial Services’s broker division, Pennymac TPO, launched a home equity loan product as tappable home equity nears its 2022 peak.
“Pennymac’s broker...
