Business conditions at architecture firms deteriorated in September, according to the American Institute of Architects (AIA)/Deltek Architecture Billings Index (ABI). Last month, the ABI score was 44.8, the lowest score reported December 2020 during the height of the...
A coalition of attorneys general from 50 states and territories announced a $20 million settlement with payment processor ACI Worldwide related to a 2021 testing error that created the unauthorized withdrawal of $2.3 billion from customers of Nationstar Mortgage (also...
Freddie Mac (OTCQB: FMCC) has launched DPA One, a tool designed to help mortgage lenders quickly find and match borrowers to down payment assistance programs. According to Freddie Mac, DPA One aggregates and showcases down payment assistance programs in a single,...
The trend in Canadian housing starts totaled 254,006 units in September, up 3.9% from 244,511 units in August, according to Canada Mortgage and Housing Corporation (CMHC). The trend measure is a six-month moving average of the monthly seasonally adjusted annual rate...
A homebuyer needs to earn $114,627 in order to afford the purchase of a median-priced home, according to data from Redfin (NASDAQ:RDFN). This up 15% ($15,285) from one year ago and up by more than 50% since the start of the pandemic in March 2020. The current income...
