The Department has announced new protections and funding to build on commitments made by the Biden Administration’s Blueprint for a Renters Bill of Rights, drafted to increase fairness within the nation’s rental marketplace.
Read More »Average Purchase Loan Size Hits Highest Level Since May
The MBA reports that week-over-week, mortgage application volume fell 1.8%, partly driven by a 10% decrease in FHA applications as the overall average purchase loan size hit $432,700,
Read More »Homebuyer Assistance Programs Experience Quarterly Uptick
According to a new report from Down Payment Resource, the number of homebuyer assistance programs available to help people finance homes inched forward 0.5%, offering more opportunities to those who remain financially worried about housing costs.
Read More »National S&P Home Price Index Showcases ‘Striking’ Regional Differences
In addition, although the Case-Shiller Index fell by 0.5% year-over-year, CoreLogic’s Chief Economist Dr. Selma Hepp noted that "while the annual decline reflects price drops that occurred in 2022, recent above-average price gains indicate an inflection ahead.”
Read More »Melanie Graper Joins loanDepot as Chief Human Resources Officer
Former CoreLogic Chief Human Resources Officer joins loanDepot to manage all aspects of the company’s human capital function.
Read More »Disaster-Prone Areas Remain Popular, But Finding Insurance Is Another Story
States including Florida, Texas, and Arizona exploded in popularity despite increasing climate change risk from storms, drought, wildfires, and extreme heat—but some insurance companies are pulling out of these markets.
Read More »Darker-Colored Home Interiors Fetching More
A new analysis of paint color has found that charcoal gray-colored rooms can help a home sell for as much as $2,512 more, as Zillow found rooms enveloped in dark gray create a feeling of security.
Read More »Survey: Lenders Still Believe a Recession Is on the Horizon
A new poll by Fannie Mae has found that 73% of respondents believe the U.S. economy is on the “wrong track,” with a vast majority of lenders feeling the economy is "very likely" or "somewhat likely" to enter a recession in the next two years.
Read More »Mortgage Rates Scale Back From 7%-Range
A slowdown in inflation caused the 30-year, fixed-rate mortgage to take an 18-basis point week-over-week plunge after nearly crossing the 7%-mark the week prior.
Read More »The Week Ahead: Smoothing the Road to e-Mortgages
As advancements are made in the tech world to optimize e-mortgages, the Five Star Institute and DocMagic will present a webinar discussing barriers that remain throughout the process, as well as embracing the customer service aspect of going all-digital.
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