The cost of owning a condominium in Florida has shot up significantly in recent months, prompting a wave of homeowners to offload their properties. The cost of homeowners insurance has surged in Florida as insurance companies have grappled with significant losses due to an increase in natural disasters. The average cost of a policy increased […]
More U.S. seniors are working today than ever before, a trend marked either by older Americans choosing not to retire, or choosing to actually rejoin the workforce after an initial retirement. This year is also set to see the U.S. population grow older at a faster rate. The trend was the subject of a recent […]
Top 10 mortgage lender and servicer Newrez sued one of its former executives over multiple allegations, including breach of contract, disclosure of confidential information and unfair competition tied to soliciting several Newrez executives to join a competing lender. OneTrust Home Loans, a direct competitor of Newrez’s retail mortgage business, conspired with James Hecht, former Newrez […]
Reston, Virginia-based Ardley Technologies announced on Tuesday the launching of its white-label automated underwriting engine called Autopilot, which the company states will enable lenders to create instant,
California looms large in any discussion of housing affordability. The largest state by population, one out of every eight Americans lives in the Golden State,
Chronically distressed properties lost more than $7,000 in total home equity on average while cycling in and out of foreclosure, according to an Auction.com analysis
Will mortgage rates break toward 8% again, making another 2024 data line that looks like a carbon copy of 2023? It’s not part of my
Today, housing starts fell more than anticipated, but the more important story in today’s report is that even though the apartment boom is dead, single-family
Mortgage applications for new homes surged in January as a lack of existing homes continued to fuel the demand for new construction. Mortgage applications for
Are last year’s surprising home price gains evaporating? As interest rates climb again, some of the price signals are softening. Inventory is climbing vs. last year, and home prices have stayed flat for three weeks now. The price reductions data has turned less bullish for future sales also. Mortgage rates
Reston, Virginia-based Ardley Technologies announced on Tuesday the launching of its white-label automated underwriting engine called Autopilot, which the company states will enable lenders to create instant, conditional loan approvals for qualified borrowers. “The main thing about Autopilot is the speed with which we can offer a decision to a borrower,” Nate
California looms large in any discussion of housing affordability. The largest state by population, one out of every eight Americans lives in the Golden State, but the homeownership rate is dismal. According to Ben Metcalf, managing director of the Terner Center for Housing Innovation at UC Berkeley, the homeownership rate
Chronically distressed properties lost more than $7,000 in total home equity on average while cycling in and out of foreclosure, according to an Auction.com analysis of more than 80,000 properties scheduled for foreclosure auction multiple times in the last three years. The chronically distressed properties cycled in and out of
Will mortgage rates break toward 8% again, making another 2024 data line that looks like a carbon copy of 2023? It’s not part of my 2024 forecast, but since the Federal Reserve likes playing with fire, let’s look at where we are with mortgage rates and their impact on weekly
Today, housing starts fell more than anticipated, but the more important story in today’s report is that even though the apartment boom is dead, single-family permits are rising. The U.S. housing apartment boom ran into higher mortgage rates and more supply faster than anticipated, while single-family permits are still enjoying