Top Headlines
SBA to Pause New Disaster Loan Origination, Citing Lack of Funds
SBA can make disaster loans up to $500,000 to homeowners to repair or replace disaster-damaged or destroyed real estate. Continue Reading SBA to Pause New Disaster Loan Origination, Citing Lack of Funds
Forecast: Property Damage from Hurricane Milton Could Cost up to $50 Billion
Verisk noted that while Milton is expected to have a significantly higher insured loss tally than Helene. Continue Reading Forecast: Property Damage from Hurricane Milton Could Cost up to $50 Billion
Judge Rejects Preliminary Injunction Request by Move Against CoStar
Judge George H. Wu denied the request by Move for limited expedited discovery in the lawsuit against CoStar. Continue Reading Judge Rejects Preliminary Injunction Request by Move Against CoStar
HUD Charges Florida Housing Providers with Disability Discrimination
HUD alleged the providers threatened the complainant with an eviction because of her reasonable accommodation request. Continue Reading HUD Charges Florida Housing Providers with Disability Discrimination
Three Mile Island to be Revived for Powering Microsoft Data Centers
Three Mile Island’s undamaged 835-megawatt Unit 1 reactor has closed in 2019 due to the costs of maintaining the facility. Continue Reading Three Mile Island to be Revived for Powering Microsoft Data Centers
Mortgage Rates Down for First Time in Five Weeks
The 30-year fixed-rate mortgage averaged 7.09% as of May 9. Continue Reading Mortgage Rates Down for First Time in Five Weeks
ATTOM: Fewer Residences Were Equity Rich During Q1
The portion of mortgaged homes that were seriously underwater inched up to 2.7%. Continue Reading ATTOM: Fewer Residences Were Equity Rich During Q1
Median Monthly Housing Costs at New Record High
Redfin reported the median sale price reached $384,721, up 4.5% for a new record high. Continue Reading Median Monthly Housing Costs at New Record High
Mortgage Application Activity Up 2.6%
The FHA share of total applications increased to 12.9% from 12.7% the week prior. Continue Reading Mortgage Application Activity Up 2.6%
Lower-Income Borrowers Account for One in Five New Mortgages
Redfin noted today’s median-home sale price is about $420,000, up 5% year-over-year. Continue Reading Lower-Income Borrowers Account for One in Five New Mortgages
FHA Extends Foreclosure Moratorium to Wildfire Victims in Maui
The extension will assist homeowners impacted by the August 2023 wildfires. Continue Reading FHA Extends Foreclosure Moratorium to Wildfire Victims in Maui
Mortgage Rates Soar for Fifth Consecutive Week
The 30-year fixed-rate mortgage averaged 7.22% as of May 2. Continue Reading Mortgage Rates Soar for Fifth Consecutive Week
Mortgage Demand Slumps Again
The Refinance Index was down by 3% from the previous week and was down 1% lower than the same week one year ago. Continue Reading Mortgage Demand Slumps Again
Builders Angry Over Biden’s Energy Standards Changes
“This senseless nationwide codes mandate will significantly raise housing costs,” said NAHB Chairman Carl Harris. Continue Reading Builders Angry Over Biden’s Energy Standards Changes
Production Losses Widen for Independent Mortgage Banks
The refinancing share of total originations (by dollar volume) decreased to 11% in 2023 from 20% in 2022. Continue Reading Production Losses Widen for Independent Mortgage Banks
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