As part of the $140 million transaction, Arch will acquire stock from RMIC and its wholly-owned subsidiaries that together comprise Old Republic’s run-off mortgage insurance business.
Read More »New Appraisal Requirements Announced for Higher-Priced Mortgages
The CFPB, Federal Reserve Board, and OCC have jointly launched new thresholds for smaller loan exemption from appraisal requirements for higher-priced mortgage loans for 2024.
Read More »Median Homebuyer Income Jumps $20K YoY
A new report from NAR has found that the typical home buyer's annual household income has climbed to a new record high in the wake of rising home prices and mortgage rates.
Read More »Significant Lack of Inventory Adds to Barriers of Black Homeownership
A new NAREB study showed the ongoing housing shortage remains a challenge for Black homebuyers in the U.S., compounding factors such as lower median incomes, unfavorable housing market conditions, and institutional bias.
Read More »U.S. Homeowners Unable to Tap Into Home Equity
“It’s unfortunate so many homeowners are left behind when it comes to accessing their home equity,” said Eddie Lim, Co-Founder and CEO of Point. “Homeowners have earned their equity through diligence, hard work, and planning. They should have a path to leverage their equity even if they don't have perfect credit and a high income.”
Read More »The Week Ahead: Tackling the Nation’s Housing Shortage Dilemma
An upcoming gathering hosted by the Urban Institute and National Community Stabilization Trust will feature a cross-section of industry experts and government leaders exploring how to boost the U.S. housing shortage and protect the future of homeownership.
Read More »Jason Birnbaum Appointed President of Flagstar’s Private Bank
Bringing more than 25 years of private banking experience to his new role as EVP and President, Jason Birnbaum succeeds Senior EVP and President of Commercial and Private Banking Eric Howell, who will transition to a non-executive advisory role.
Read More »Is Now an Ideal Time to Buy a Home?
Redfin analysts weigh a number of variables playing into potential homebuyers’ decision-making process and reveal why now may be the best time to pursue the American dream of homeownership.
Read More »Increasing Rental Inventory Fuels Rise in Vacancies
While available rental inventory has increased, the overall rental vacancy rate hit nearly 7% in Q3, representing the highest level since 2021. A new Redfin report shows asking rents continuing to linger just below their record high from October.
Read More »Cost of Living, Mortgage Rates Keeping Many Homebuyers ‘on the Sidelines’
Freddie Mac reports a second week-over-week slide in the 30-year fixed-rate mortgage, as markets adjust to the Fed’s second consecutive pause in rate hikes. Here are the factors a Freddie Mac economist says are allowing the housing market to “remain stagnant.”
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