CFPB doubles down against marketing services agreements

CFPB doubles down against marketing services agreements

Underscores that MSAs could constitute mortgage kickbacks

Did Sen. Corker violate SEC rules, Senate ethics by telling investors to short GSEs?

Made questionable remarks on CNBC regarding stocks

House passes bipartisan TRID grace period bill 303-121

Next comes Senate, then looming threat of veto from White House
Real Estate / The Ticker

Higher rates push California pending home sales lower

san fran houses

Rising mortgage rates put a dent in pending home sales in August, while distressed home sales fell to levels not seen in almost six years, the California Association of Realtors said in a press release.

California pending home sales fell in August with the Pending Home Sales Index falling 5% to 108.3, down from 114 in July.

The combined share of all distressed property sales continued to decline in August, dipping 15.3%, down from 17.1% in July and 38% in August 2012.

"Rising interest rates over the past several months at the specter of a tapering of the Fed’s stimulus program sent buyers to the sidelines in August,” said C.A.R. Vice President and Chief Economist Leslie Appleton-Young. “However, the Fed’s decision last week to postpone the pullback should lead to lower interest rates, which bodes well for prospective buyers."

Recent Articles by HousingWire Staff

Comments powered by Disqus