Pending home sales fall to their lowest level in two decades
Pending home sales in October fell to their lowest level since 2001. As mortgage rates edged near multi-decade highs, pending home sales declined 1.5% in October...
CFPB’s Chopra addresses mortgage issues in House oversight hearing
The Consumer Financial Protection Bureau (CFPB) wants to address mortgage issues, including affordability and servicing challenges. However, persistently high mortgage rates currently straining affordability prospects will...
Mortgage rates fall to levels not seen since September
Mortgage rates headed lower this week as the 10-year Treasury yield dropped below 4.3% for the first time since September, according to new data from Freddie...
Clear Capital’s Kenon Chen on appraisal modernization
Editor in Chief Sarah Wheeler sat down with Kenon Chen, executive vice president of strategy and growth at Clear Capital, to talk about appraisal modernization and...
FHA proposes changes to 203(k) program
Nine months after requesting input from the industry, the Federal Housing Administration (FHA) issued a proposal on Wednesday to enhance its rehabilitation program.
The updates include increases in...
Buyers will have more options in 2024, but affordability woes will persist: Bright MLS
Bright MLS released its National Housing Market Outlook on Wednesday, which shows that affordability will remain the biggest challenge for homebuyers next year.
Homebuyer traffic will increase...
Get more real estate buyer leads in 2024
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In the ever-competitive real...
Educate your clients on down payment assistance programs
A typical 20% down payment on a home in a U.S. metropolitan area costs $80,250, based on the median price of a single-family home of $402,600...
MBA names Rachel Kelley legislative affairs VP
The Mortgage Bankers Association (MBA) has appointed Rachel Kelley as vice president of legislative affairs.
In her new role, Kelley will be responsible for advocating on behalf...
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 week by the...