Demand for vacation homes plummeted by 52% from pre-pandemic levels in March, according to new data from Redfin (NASDAQ:RDFN). In comparison, the demand for primary homes were down by only 13%. Redfin noted that second-home rate locks were at their lowest level since...
The U.S. Government Accountability Office (GAO) has called on the U.S. Department of Defense (DOD) to strengthen its oversight of the private-sector companies that own and operate residential properties at U.S. military installations. “Private companies own and...
The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index (HPSI) recorded a 3.3-point uptick from February to March to 61.3, but still remained only slightly above its all-time low set from late last year. Year-over-year, the full index is down by 11.9 points. Fannie...
People of color are like to pay higher upfront costs on their rental housing than their White counterparts, according to the latest Consumer Housing Trends Report published by Zillow Group (NASDAQ:Z, ZG). Zillow found the typical Black, Hispanic and Asian American...
Homepoint, an Ann Arbor, Michigan-based wholesale lender, has entered into a definitive agreement to sell certain assets of the company’s wholesale originations channel to The Loan Store Inc., a national wholesale lender based in Tucson, Arizona. The financial aspects...
The New York Times has published an investigative article questioning the potential of age discrimination in mortgage origination. The article “A Great Credit Score, but She Can’t Get a Mortgage” stated that “many older Americans have a hard time refinancing because...
Inflation Just Put Mortgage Rates Back in the Crosshairs
