Banks report tighter lending standards for mortgages, HELOCs in Q3
Banks have tightened lending standards for most categories of residential real estate (RRE) loans and home equity lines of credit (HELOC) over the...
Weekly mortgage applications pick up but remain subdued: MBA
Both purchase and refinance applications increased to their highest weekly pace in five weeks after mortgage rates logged the largest decline in a...
American Pacific Mortgage names Bill Lowman chairman of the board
California-based retail lender American Pacific Mortgage (APM) has named vice chairman Bill Lowman as its chairman of the board, succeeding APM founder Kurt...
Real estate brokers focus on value amid commission lawsuit unease
Today, the first class action commission lawsuit goes to trial in Kansas City, Missouri. While two of the defendants — Anywhere and RE/MAX...
Ginnie Mae official talks HMBS 2.0, hopes for detailed public comments
After initially announcing the development of a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program in January, government-owned company Ginnie Mae —...
2024 will be a better year for real estate recruiting: Relitix
After a multi-year decline in agent movement between brokerages, Relitix’s Agent Movement Index suggests that this trend may be reversing. The index shows...
Homebuilders slash prices to clear inventory as confidence sinks again in November
Elevated mortgage rates sank builder confidence again in November, but recent economic data suggests housing conditions will pick up in the coming months.
Builder...
Homebuilder sentiment falls again as mortgage rates climb toward 8%
With mortgage rates nearly touching 8%, builder confidence dropped four points in October, falling to its lowest point since January 2023, the National...
FTC slaps Greystar with ’deceptive advertising’ lawsuit
President Joe Biden is mere days away from leaving office, but his administration is taking one more shot at the real estate industry.
The...
Inflation data is good news for real estate in 2024
Today’s inflation reports show that Federal Reserve rate cuts are in play in 2024 — not because of the labor market breaking, but...