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Report: The Safest US City Is…
Memphis was considered the least safest city. Continue Reading Report: The Safest US City Is…
George Washington University Blames Endowment’s Decline on DC Real Estate Market
The university’s endowment shrank from $2.8 billion to $2.6 billion in the second quarter. Continue Reading George Washington University Blames Endowment’s Decline on DC Real Estate Market
CFPB Fines NewDay USA $2.25 Million Over Misleading Costs on Cash-Out Refinance Loans
CFPB Director Rohit Chopra said, “NewDay USA’s misconduct has no place in the VA home loan program.” Continue Reading CFPB Fines NewDay USA $2.25 Million Over Misleading Costs on Cash-Out Refinance Loans
Harris Launches Ad Campaign Touting Her Pledge to Build 3 Million New Homes
Harris has not offered a specific budget on how much it would cost to build 3 million new homes. Continue Reading Harris Launches Ad Campaign Touting Her Pledge to Build 3 Million New Homes
Mixed-Use Development Planned Next to NJ’s Monmouth Park Racetrack
The first phase of this project is slated to break ground in the fourth quarter of 2025. Continue Reading Mixed-Use Development Planned Next to NJ’s Monmouth Park Racetrack
NY Fed: Mortgage Rejection Rates Down Year-Over-Year
The average rejection rate of mortgage applications decreased by 2.5 percentage points to 12.1% in 2023, remaining above the 2019 rate of 10.2%. Continue Reading NY Fed: Mortgage Rejection Rates Down Year-Over-Year
New Home Purchase Applications Up Nearly 40% in October
The average loan size for new homes decreased from $397,550 in September to $390,225 in October. Continue Reading New Home Purchase Applications Up Nearly 40% in October
Mortgage Rates Drop for Third Straight Week
The 30-year fixed-rate mortgage averaged 7.44% as of Nov. 16, down from last week when it averaged 7.5%. Continue Reading Mortgage Rates Drop for Third Straight Week
Utah Leads the Nation in Home Improvement Loans
The overall average loan amount for Utah’s home improvement loans is $117,835. Continue Reading Utah Leads the Nation in Home Improvement Loans
MBA: More People Seeking Out Mortgages
“Both purchase and refinance applications increased to the highest weekly pace in five weeks,” said MBA’s Joel Kan. Continue Reading MBA: More People Seeking Out Mortgages
FHFA Sets 2024 Multifamily Loan Purchase Caps at $70 Billion Per GSE
Mortgage Bankers Association President and CEO Bob Broeksmit welcomed the announcement. Continue Reading FHFA Sets 2024 Multifamily Loan Purchase Caps at $70 Billion Per GSE
FHA Increases Allowable Fees for Inspections of Vacant Single Family Homes
The inspections are used in a servicer’s preservation and protection of property. Continue Reading FHA Increases Allowable Fees for Inspections of Vacant Single Family Homes
ATTOM: October’s Foreclosure Filings Up 6% from Last Year
Lenders repossessed 3,332 properties through completed foreclosures (REOs) last month. Continue Reading ATTOM: October’s Foreclosure Filings Up 6% from Last Year
FHA Seeks Input on Proposed HECM Program Update
The new proposal would enable certain categories of due and payable HECMs that were previously ineligible for assignment to be assigned to HUD. Continue Reading FHA Seeks Input on Proposed HECM Program Update
Mortgage Delinquency Rate Records Q3 Uptick
The third quarter delinquency rate was up 25 basis points from the second quarter and up 17 basis points from one year earlier. Continue Reading Mortgage Delinquency Rate Records Q3 Uptick
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