The Consumer Financial Protection Bureau (CFPB) and U.S. Department of Justice issued a joint statement reminding financial institutions that credit applicants are protected from discrimination on the basis of their national origin, race, and other characteristics...
The 30-year fixed-rate mortgage surged higher, averaging 7.57% as of Oct. 12, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). Last week, it averaged 7.49%, and a year ago at this time it averages 6.92%. “For the fifth...
U.S. home values took a miniscule – but still unexpected – decline of 0.1% from August into September, according to new data from Zillow Group (NASDAQ:Z. ZG). Nonetheless, the typical home value is currently $350,091, up roughly 2% year-over-year, while 31 of the 50...
A total of 124,539 residential properties carried foreclosure filings during the third quarter of this year, according to new data from ATTOM. This is up 28% from the second quarter and up 34% from one year ago. A total of 37,679 properties had foreclosure filings in...
The Consumer Financial Protection Bureau (CFPB) and U.S. Federal Trade Commission (FTC) announced a joint action against a rental screening subsidiary of TransUnion (NYSE:TRU), charging the company with violations of the Fair Credit Reporting Act. In a press...
Longtime mortgage industry executive Stephen Thomas announced the creation of FutureWave Finance, a Chicago-headquartered national correspondent lender. “Lenders need a product-focused approach to grow their residential mortgage business as we are undergoing a...
Hits and Misses for the Real Estate Week of June 29-July 3
