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...
Judge denies Batton plaintiffs’ request to block settlement agreement’s final hearing
A court has denied the Batton 1 plaintiffs’ last-minute attempt to block Thursday’s final approval hearing for the commission lawsuit settlement agreements from...
Mortgage rates trend down for the third straight week
Mortgage rates fell this week as the October inflation report drove down the yield on the 10-year Treasury. On Thursday, investors priced in...
Mortgage applications ticked up after weeks of decline: MBA
Mortgage applications picked up for the first time in four weeks as mortgage rates dropped by 25 basis points, to 7.61%. The Fed’s...
2023 was the worst year for homebuyers on record
High mortgage rates, a lack of inventory and elevated home prices have turned 2023 into the least affordable year for homebuyers on record....
PennyMac announces proposed private offering of $650M in senior notes
California-based multichannel lender and servicer PennyMac Financial Services announced on Monday a proposed private offering of a $650 million aggregate principal amount of...
Ginnie Mae revises definition of high-balance loans in new guidance
Government-owned corporation Ginnie Mae announced on Wednesday that it has revised its definition for high-balance loans, conforming to new limits announced earlier this...
Moehrl commission lawsuit defendants file motion for summary judgement
The three remaining defendants in the Moehrl commission lawsuit filed a joint motion for summary judgement on Tuesday. The National Association of Realtors,...
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...
CoreLogic announces new augmented reality appraisal tool
CoreLogic announced on Thursday the launch of “ScanToSketch,” an augmented reality (AR)-based property measuring and sketching tool to create home appraisal reports.
Developed using...
