WFG National Title Insurance Company has expanded its DecisionPoint platform to produce automated title commitments for qualifying refinance transactions, another step in the title industry’s push to remove manual work from mortgage closing. The company said in its...
Property-tax delinquency among U.S. homeowners who pay taxes outside escrow has climbed to its highest level since 2017, adding another warning sign to a housing market already strained by elevated borrowing costs and rising ownership expenses. According to Cotality’s...
Mortgage demand weakened again as borrowing costs climbed to their highest level in nearly three years, adding fresh evidence that the latest rate surge is pushing both homebuyers and refinance borrowers to the sidelines. Mortgage applications fell 4.2% for the week...
The U.S. Department of Housing and Urban Development has selected the National Institute of Building Sciences to lead a new effort aimed at expanding the use of factory-built construction in multifamily housing. The initiative announced Oct. 7 will run for 12 months...
The Department of Housing and Urban Development has opened a fair-housing investigation into Wells Fargo over mortgage and homeownership initiatives designed to increase Black homeownership, escalating a federal reversal on race-conscious credit programs from policy...