Homebuyers made larger down payments as mortgage rates surged in Q3: Realtor.com
Homebuyers are forking over larger down payments to offset higher borrowing costs thanks to mortgage rates hitting multi-decade highs.
On average, homebuyers put down...
FHA amends identifier requirement for lenders, other entities seeking government business
The Federal Housing Administration (FHA) this week published a mortgagee letter (ML) amending a 2022 requirement for mortgage lenders, and anyone seeking to...
Are reverse mortgages for purchase a ‘sleeping giant?’ Pros are split
According to the most recent annual report to Congress by the U.S. Department of Housing and Urban Development (HUD), the Home Equity Conversion...
How industry forecasters see 2024 shaping up
Curro said Bank of America is forecasting the 10-year Treasury to hit 4.25, which would yield about $1.6 trillion in origination volume in...
Nevada real estate firms hit with second commission lawsuit
A second home seller in Nevada has filed a lawsuit alleging that real estate industry players in the state have colluded to artificially...
HUD, White House announce $40M to expand housing counseling
The White House and the U.S. Department of Housing and Urban Development (HUD) announced on Thursday the awarding of $40 million to expand...
Peter Knag joins Offerpad as CFO
Knag has an extensive resume, having served in several financial leadership roles in the media, telecommunications, technology and finance sectors. He began his...
“It seems impossible:” Bergen County, NJ’s housing market is vexing agents and buyers
Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high...
Agents and LOs, here are 6 strategies for navigating a down real estate market
Facing a challenging housing market can be daunting for agents and loan officers alike. As industry professionals grapple with uncertainties, market shifts and...
Wells Fargo settles lawsuit with ex-LO over allegedly discriminatory lending practices
A former mortgage consultant who worked for Wells Fargo and ultimately brought a case against the company in a Southern California court over...
