Fannie Mae and Freddie Mac will now need Federal Housing Finance Agency approval—and possibly public comment—before offering new products, in order to ensure safety and soundness standards.
Read More »Wells Fargo to Pay $3.7B as Part of CFPB Agreement
“This far-reaching agreement is an important milestone in our work to transform the operating practices at Wells Fargo and to put these issues behind us,” said Charlie Scharf, Wells Fargo’s CEO.
Read More »Backyards The Most Sought-After Home Feature
"The rising popularity of outdoor features suggests the pandemic has changed the way we want to live for good, priming the backyard for a 2023 evolution," said Amanda Pendleton, Zillow's Home Trends Expert.
Read More »Recessionary Conditions Predicted by Fannie Mae in Q1
Fannie Mae’s Economic & Strategic Research Group now forecasts recessionary conditions taking a hold of the market during Q1 2023, even after forecasting better fourth-quarter numbers due to strong GDP and personal consumption figures.
Read More »2022 Recap: Buzzwords That Sell Homes Faster
The word “beautiful” no longer cuts it when describing a property for sale. Click through to find out what terms topped this year’s list of most-effective buzzwords.
Read More »Homebuyers Find Affordability Relief
Zillow reports that monthly mortgage payments retreated in November, but numbers are still up more than 60% over the past year.
Read More »Title Insurance Market Reflecting Changes in Real Estate
The title insurance industry generated $5.4 billion in title insurance premiums over the last year. Click through to see how those figures compare to those of years past.
Read More »Home-Flipping Rate Drops, Yet Still Post Strong Numbers
Flipping activity was among the highest on record during the third quarter, yet the number of flips decreased. Click through to find out what challenges are slowing flippers down.
Read More »Rent Decreases in 14 Top Cities
“Rent growth is likely to continue cooling,” said Redfin Economics Research Lead Chen Zhao.
Read More »Mortgage Monitor: Prices Offset by Stagnant Levels of Inventory
“We’ve now seen four consecutive months of home price pullbacks at the national level,” said Ben Graboske, President of Black Knight’s Data and Analytics Division.
Read More »