U.S. Housing Market Updates
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ALTA Adds Title Insurance Endorsements to Combat Seller Impersonation Fraud
ALTA has also updated its Best Practices framework to help title agents better identify emerging versions of these crimes. Continue Reading ALTA Adds Title Insurance Endorsements to Combat Seller Impersonation Fraud
Mortgage Application Activity Down Slightly
Among the federal program, the FHA share of total applications increased to 19.1% from 18.4% the week prior. Continue Reading Mortgage Application Activity Down Slightly
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Progressive Insurance Debuts Program to Empower Prospective Homebuyers
Progressive is also introducing The UpPayment program, a down payment assistance program that will provide a $13,500 grant towards the purchase of a home to up to 100 qualified applicants. Continue Reading Progressive Insurance Debuts Program to Empower Prospective Homebuyers
Texas Legislature Passes Property Tax Relief Bills
The property tax relief bills are part of a 1,056-page, $338 billion two-year budget. Continue Reading Texas Legislature Passes Property Tax Relief Bills
Report: $17.6 Trillion in Q1 Home Equity
The new data report also found the average introductory rate on second lien HELOCs dropped below 7.5% in March. Continue Reading Report: $17.6 Trillion in Q1 Home Equity
Disney Previews Home Designs for New Cotino Community
“We can’t wait for residents to experience this special place where they will be inspired to live their very best lives,” said Disney’s Claire Bilby. Continue Reading Disney Previews Home Designs for New Cotino Community
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
Rocket Mortgage Faces Second Lawsuit Alleging Telemarketing Overkill
The lawsuit seeks unspecified damages on behalf of “hundreds” of other consumers. Continue Reading Rocket Mortgage Faces Second Lawsuit Alleging Telemarketing Overkill
Sotheby’s International Realty Expands in Upstate New York
The newly added firm is the company’s 60th office in New York State. Continue Reading Sotheby’s International Realty Expands in Upstate New York
Leadership Changes Coming to Fannie Mae
President David C. Benson will retire in early to mid-2024 and CEO Priscilla Almodovar will add his title to her duties. Continue Reading Leadership Changes Coming to Fannie Mae
New York Governor Signs Deed Theft Protection Law
Gov. Kathy Hochul said deed theft particularly impacts “Black and Brown neighborhoods.” Continue Reading New York Governor Signs Deed Theft Protection Law
NAR’s Yun: 15% Spike in Home Sales Coming Next Year
“I believe we’ve already reached the peak in terms of interest rates,” Yun said. Continue Reading NAR’s Yun: 15% Spike in Home Sales Coming Next Year
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
Real Estate Fraudster Sentenced for Hiring Hitman to Murder Victims
Alexander Leszczynski used the name of a fake charity to file a fraudulent warranty deed for a transfer of a property in Redington Shores, Florida. Continue Reading Real Estate Fraudster Sentenced for Hiring Hitman to Murder Victims
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
