Current News & Events
Purchase Activity Fuels Mortgage Application Uptick
The FHA share of total applications increased to 17.1% from 15.8% the week prior. Continue Reading Purchase Activity Fuels Mortgage Application Uptick
FICO Rolls Out Portfolio Benchmarking Tools for Lenders
The new platform’s suite of tools enables financial institutions to analyze benchmarking data and simulate the impact of alternative data strategies on portfolio outcomes. Continue Reading FICO Rolls Out Portfolio Benchmarking Tools for Lenders
Apartment Rents Up by Scant 0.1% in December
This mild uptick reversed the previous five consecutive month trend of flat or negative monthly rent change. Continue Reading Apartment Rents Up by Scant 0.1% in December
Fed’s Miran Calls for 150 Basis Point Cut in Interest Rates
Miran’s term on the Fed’s Board of Governors expires at the end of the month. Continue Reading Fed’s Miran Calls for 150 Basis Point Cut in Interest Rates
Trump Announces His ‘Representatives’ Will Buy $200 Billion in Mortgage Bonds
“This will drive Mortgage Rates DOWN, monthly payments DOWN, and make the cost of owning a home more affordable,” he posted on Truth Social. Continue Reading Trump Announces His ‘Representatives’ Will Buy $200 Billion in Mortgage Bonds
Mortgage Rates Record Slight Increase
A new data report from Redfin found the median monthly housing payment fell to $2,365 during the four weeks ending Jan. 4. Continue Reading Mortgage Rates Record Slight Increase
Newsom Follows Trump in Calling for Ban of Institutional Investors in Single-Family Housing Market
The announcement was framed by having Newsom as a change agent for affordability. Continue Reading Newsom Follows Trump in Calling for Ban of Institutional Investors in Single-Family Housing Market
Trammell Crow Residential Opens Phoenix and Nashville Offices
TCR has named Tom Lewis as managing director in Phoenix and Peter Davis as managing director in Nashville. Continue Reading Trammell Crow Residential Opens Phoenix and Nashville Offices
Corcoran Group Launches New Virginia Franchise
Formerly Wiley Real Estate, the firm was founded in 2016 and is led by broker/owners Justin and Peter Wiley. Continue Reading Corcoran Group Launches New Virginia Franchise
Home Affordability in Q4 Remained Mostly Elusive
ATTOM added the median sales price of a home has risen 54% over the past five years while typical wages only increased by 29%. Continue Reading Home Affordability in Q4 Remained Mostly Elusive
Mortgage Credit Availability Declined in December
“The December decrease reversed gains from the prior two months,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Declined in December
Leadership Shift Announced at Toll Brothers
Scott D. Stowell, lead independent director of Toll Brothers, said the succession plan demonstrated both the company’s “deep talent bench.” Continue Reading Leadership Shift Announced at Toll Brothers
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