Mortgage application activity surged during the week ending Sept. 12 thanks to an upswing in refinancing, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, spiked by 29.7%...
Single-family housing starts in August were at a rate of 890,000, according to data from the US Census Bureau and the Department of Housing and Urban Development. This marked a 7% drop from the revised July figure of 957,000. Privately-owned housing starts in August...
The leadership of the Congressional Real Estate Caucus have introduced a new bill that seeks to address the nation’s housing affordability challenges. The bipartisan Saving the American Dream Act will create an interagency task force to confront issues including...
Housing starts mostly were down 16% in Canada during August, with a total of 245,791 units compared to July’s total of 293,537 units. According to data from the Canada Mortgage and Housing Corporation (CMHC), actual housing starts were up 10% year-over-year in centers...
The Trump administration is planning to continue its effort to remove Federal Reserve Gov. Lisa Cook by taking its case to the US Supreme Court. The New York Times, sourcing its information from an unnamed “administration official who spoke on the condition of...
MISMO, the real estate finance industry’s standards organization, has named Brian Vieaux as its new president, effective Oct. 16. Vieaux is currently president and chief operating officer at FinLocker, a financial fitness platform that prepares consumers to...
