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Why are existing home prices rising when sales are still so low?
Existing home sales fell in today’s report, but home prices are still up year over year, even with higher inventory and higher mortgage rates.
FundingShield’s Ike Suri on the limits of AI in fighting fraud
Fundingshield CEO Ike Suri talks about rising fraud risks, what keeps him up at night, and the limits of AI.
Loan buybacks haven’t disappeared, but they are trending down
The loan repurchase trend that began to sting many mortgage originators in 2022 appears to finally be winding down.
The mortgage rate pendulum swings yet again
Optimistic traders are taking off their rose-tinted glasses and conceding to the high-rate realities of the mortgage market.
Powell makes it clear: No rate cuts anytime soon
Powell made statements that indicate there will be no rate cuts anytime soon because the economy and the labor market are too strong.
Loan buybacks haven’t disappeared, but they are trending down
The loan repurchase trend that began to sting many mortgage originators in 2022 appears to finally be winding down.
The mortgage rate pendulum swings yet again
Optimistic traders are taking off their rose-tinted glasses and conceding to the high-rate realities of the mortgage market.
The ‘double-edged sword’ of dual licensing
Some feel more confident in the rules, while others are skeptical that dual licensing works effectively, especially at scale.
As a ‘higher-for-longer’ rate scenario unfolds, how is the mortgage industry adapting?
If 7% mortgage rates persist, executives will be ready to update expectations, including fewer originations than previously forecast.
Will a wider war in the Middle East push mortgage rates higher or lower?
Mortgage rates rose last week after the CPI report. Now, with news of a wider war in the Middle East, should we expect even higher rates?
Why are existing home prices rising when sales are still so low?
Existing home sales fell in today’s report, but home prices are still up year over year, even with higher inventory and higher mortgage rates.
The mortgage rate pendulum swings yet again
Optimistic traders are taking off their rose-tinted glasses and conceding to the high-rate realities of the mortgage market.
The ‘double-edged sword’ of dual licensing
Some feel more confident in the rules, while others are skeptical that dual licensing works effectively, especially at scale.
Judges deny plaintiffs’ request to consolidate commission lawsuits
The Multidistrict Litigation panel denied the request on Friday, but they did not rule out the possibility of consolidating in the future.
Louisiana’s housing market has an insurance problem
Agents across the state are lamenting rapidly rising homeowners insurance costs that hamper clients’ purchasing power
CFPB considers ban on charging buyers for lender’s title policy
Homebuyers must purchase a title policy to protect their lender, but the CFPB is reportedly looking to change that.
FHFA’s pilot to waive lender title insurance on refis faces opposition
Program will be announced during Biden’s 2024 State of the Union address on Thursday night.
First American’s Paul Hurst on the allure of big tech ideas
How do you enable these super-powered humans to do more transactions and make more money in the process?
Title industry prepares for possible changes in a post-commission lawsuit world
From more consumer education to increased scrutiny, the title industry imagines a post-commission lawsuit world.
Joint ventures between title firms and real estate companies are under the microscope
Opponents say the title JV business model — currently under scrutiny from regulators — harms consumers. Supporters argue it creates a better overall experience for the buyer. Our look inside the next frontier of industry regulation.
FHFA analysis finds racial disparity in appraisers’ use of time adjustments
The FHFA based its analysis on the Uniform Appraisal Dataset (UAD), collected by Fannie Mae and Freddie Mac.
FHFA failed to document desktop appraisal reviews, OIG says
Failing to adequately document desktop appraisals makes gauging their effectiveness challenging, the report explained.
Trade groups warn of “unintended consequences” from proposed AVM rules
MBA and CBA said AVMs can alleviate appraiser shortage, reduce costs and safeguard against bias, but robust regulation is critical.
Fannie Mae makes further changes to appraiser independence requirements
The new AIR updates also brought property data independence requirements, and one professional says the impacts will be felt by the industry.
NAMB supports new proposed regulations for AVMs
NAMB announced its support of proposed AVM regulations announced by federal agencies and the White House in June.
