Housing construction picked up in September, but developers are getting anxious
Housing starts climbed to a seasonally adjusted annual rate of 1,358,000 in September, according to U.S. Department of Housing and Urban Development and...
Pending home sales remain at historically low levels
Pending home sales in November were largely unchanged from October’s levels, a month that saw the lowest pending sales since 2001. according to...
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...
DOJ and CFPB sue Colony Ridge over predatory lending practices
The U.S. Department of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB) sued the developer and lender Colony Ridge on Wednesday, alleging the company operated an illegal land sales scheme...
‘Mortgage winter’ is expected to thaw a bit
John Toohig, head of whole-loan trading on the Raymond James whole-loan desk and president of Raymond James Mortgage Co., said many of the same headwinds the market...
Existing home sales lay the path for the 2024 housing market
Did today’s existing home sales report give us a playbook for housing in 2024? I would argue yes, and the housing market today...
Black Knight awarded $155M in trade secrets theft lawsuit against Pennymac
An arbitrator conclusion issued last week caps a four-year legal battle over allegations of trade secret theft involving two of the biggest companies...
Why equity-tapping challenges may make reverse mortgages ‘inevitable’
Tapping into home equity, particularly for people in or near retirement, can be challenging — especially for those who may have a pressing...
Record number of 65-year-olds will reshape the age milestone: WSJ
More Americans are reaching the milestone age of 65, and these people are redefining what 65 looks like in comparison to prior generations...
Why Hometap is betting on the growth of the home equity investment market
Based on the notion that far too many U.S. homeowners are “house-rich, cash-poor,” home equity investment firm Hometap provides clients with a way...
