First American: Home Affordability Improved Slightly in February
Homeownership was more attainable in February and is poised to become slightly more affordable in the months to come, as inventory increases, incomes rise...
FHFA Director Pulte Rescinds Series of Biden-Era Orders, But Won’t Change Conforming Loan Limits
Bill Pulte, director of the Federal Housing Finance Agency (FHFA), on Tuesday rescinded a series of advisory bulletins and directives implemented by the Biden...
CoreLogic to Rebrand as Cotality
Global property data and real estate solutions firm CoreLogic is rebranding to Cotality.
The new name reflects the company’s deep commitment to collaboration and connectivity,...
Purchase Applications Saw Strongest Monthly Pace Since January
Total mortgage application volume fell 2.0% during the week ended March 21, as rates decreased slightly, however purchase applications continued to increase, according to...
New Home Sales Increased in February But Are Well Below What They Need to...
New home sales increased 1.8% in February compared with January to reach a seasonally adjusted annual rate of 676,000, according to estimates released jointly...
Home Flipping Continued to Decline in 2024
About 298,000 single-family homes and condos were flipped in 2024 - a decrease of 7.7% compared with 2023 and down 32.4% from a peak...
Gen Z, Millennials Tracking Behind Older Generations in Terms of Homeownership
Young Americans are tracking behind their parents' generations in terms of the homeownership rate, a recent report from Redfin shows.
For instance, 33% of 27-year-olds...
Prudent AI’s Lender Clients Report Gaining Operational Efficiencies
Prudent AI, offering AI-powered income verification, reports that mortgage lenders are experiencing significant operational efficiencies and growth with its income intelligence tool.
Prudent AI empowers...
Fairway Promotes Amy Slotnick to President of National Branch Optimization – Sales
Amy Slotnick has been promoted to president of national branch optimization – sales, at Fairway Independent Mortgage Corp.
Slotnick has 42 years of mortgage industry...
New FHFA Director Bill Pulte Commences Restructuring at Fannie, Freddie
Bill Pulte, newly installed director of the Federal Housing Finance Agency (FHFA), has begun restructuring government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, firing...
USMI Survey: Buying and Owning a Home Remains a Priority for Americans
Buying and owning a home remains a priority for Americans, recent market research from U.S. Mortgage Insurers (USMI) confirms.
In 2024, nearly 8 in 10...
Truework Introduces New, Fully Automated Verification Platform, Truework Intelligence
Truework, a provider of income and employment verification technology, has introduced Truework Intelligence, the first fully automated and comprehensive verification platform for mortgage lenders...
Fed Holds Rates Steady For Now
Citing that the unemployment rate has stabilized at a low level in recent months, and labor market conditions remain solid, the Federal Open Market...
NAR: Existing-Home Sales Jumped 4.2 Percent in February
Existing-home sales increased 4.2% in February compared with January to a seasonally adjusted annual rate of 4.26 million, according to the National Association of...
Mortgage Rates Basically Flat for a Second Straight Week
Mortgage rates were basically flat this week, as the average rate for a 30-year, fixed-rate mortgage increased slightly to 6.67%, up from 6.65% last...
Zillow: Inventory is Up and Home Prices are Falling Heading Into Spring
Zillow reports that nationally there were 1.04 million homes available on the market in February, the most for this time of year since 2020.
The...
Redfin: Home Prices Decreased in Eight of the Largest U.S. Cities in February
Eight of the 50 most populous U.S. metros - including seven in Florida and Texas - recorded a drop in home prices year-over-year in...
Nationwide Mortgage Bankers Taps Michael Brennan as President of Sales and Operations
Mortgage industry veteran Michael Brennan recently joined Nationwide Mortgage Bankers Inc. as president of sales and operations.
Brennan was previously the president of Movement Mortgage,...
Mortgage Applications Dropped Last Week as Rates Crept Back Up
Mortgage application volume decreased 6.2% on an adjusted basis during the week ended March 14, as the average rate for a 30-year fixed-rate mortgage...
Home Price Appreciation in February Slipped to Slowest Pace Since March 2012
U.S. home prices increased 0.4% in February compared with January and were up only 2.0% compared with February 2024, according to First American’s home...