The National Consumer Law Center has issued a report on how errors and bias in the screening process disproportionately harms Black and Latino/Hispanic renters.
Read More »Midwest Housing Markets Lead the Nation Given Their Relative Affordability
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index trended upward in July, with 19 of the 20 major U.S. metro markets reported month-over-month price increases.
Read More »Measuring the Gap Between eClose Tech and Adoption
A new survey from Snapdocs has found that 74% of lenders have invested in digital closing technology, yet only 28% of that total have achieved an adoption rate of 60% or better.
Read More »Home Prices, Listings Up; Pending Sales Down
According to Dana Anderson, a Data Journalist for Redfin, median sales prices occurred in eight of the top 50 metropolitan markets, while pending sales fell in all 50 markets at an average rate of 13%.
Read More »Wells Fargo Taps Former U.S. Deputy Secretary of State as Vice Chairman
Thomas R. Nides will join the executive team at Wells Fargo, bringing experience as U.S. Deputy Secretary of State and COO of the U.S. State Department under the Obama Administration to his new role.
Read More »Existing-Home Sales Retreated in August
"Home sales have been stable for several months, neither rising nor falling in any meaningful way," said NAR Chief Economist Lawrence Yun.
Read More »Fed Pauses Rate Hike, Mortgage Rates Follow Suit
Mortgage rates gained just one basis point week-over-week according to Freddie Mac, marking the sixth consecutive week that the 30-year rate exceeded the 7% mark, pushing down home builder sentiment nationwide.
Read More »Purchase Apps for Conventional and FHA Mortgages on the Rise
Despite mortgage rates hitting the highest levels seen in a month, the MBA reports a week-over-week rise in overall mortgage application volume, led by renewed interest in FHA and conventional purchase apps.
Read More »Recognizing 30 Years of Mortgage Industry Excellence
Kim Yowell of Fairway Independent Mortgage was honored at the Keys for Life Gala in Dallas during the Five Star Conference for her contributions to the mortgage marketplace.
Read More »Lending Forum Spotlights the Challenging Path to Homeownership
The Five Star Lending Forum hosted a keynote from Freedom Mortgage CEO Stanley Middleman, as well as an in-depth panel discussion with representatives of Churchill Mortgage Corporation, Fannie Mae, Freddie Mac, Guild Mortgage, Chase, and Xome about how the industry can support the American Dream of homeownership.
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