“HUD is committed to making the appraisal process fair nationwide. We must eliminate bias in home valuations so that everyone can equally reap the benefit of wealth—and intergenerational wealth—that come along with homeownership,” said HUD Secretary Marcia L. Fudge.
Read More »Dip in Rates Drives Refi Volume Upward
The 2023 mortgage market began on a positive note, as Freddie Mac reported a week-over-week slide in mortgage rates leading to an uptick in refinance apps.
Read More »Home Prices Falling Nearly Twice as Fast as Condo Prices
A new study from Point2 revealed condo prices are much more resistant to price declines than single-family home prices, as new data shows homebuyers are moving away from increasingly unaffordable homes and opting for more budget-friendly alternatives.
Read More »Housing Forecast Dusts Off the Word ‘Depreciate’
Veros Real Estate Solutions’ forecast anticipates that home prices will overall turn negative and depreciate by the end of 2023— entering negative territory for the first time in more than a decade.
Read More »Year Kicks Off With Slight Rise in Refi Apps
The MBA reports that, despite rates still in the 6% range, refinance apps increased 5% over the previous week—but are still 86% lower year-over-year.
Read More »WF to Close Correspondent Business, Shrink Mortgage Servicing Portfolio
Wells Fargo has announced it will significantly shrink its mortgage servicing portfolio in a recent release, revealing the shift will result in a round of layoffs for the bank’s mortgage operations.
Read More »2023 Housing Market Expectations
“The housing market will continue to rebalance as prices adjust to the reality of higher mortgage rates,” First American's Deputy Chief's Economist Odeta Kushi concluded.
Read More »Can Technology Bridge the Gap Between Buyers, Sellers and Funds?
The widespread, pandemic-driven move to digital solutions is a change that is likely here to stay, according to CoreLogic experts. A new report revealed just how the homebuying process is evolving.
Read More »Wells Fargo Partners on $20M Housing Affordability Breakthrough Challenge
Program applicants are invited to apply for grants of up to $3 million to scale solutions to housing challenges in markets lacking affordable housing.
Read More »Home Sales Slump as November Marks Biggest Decline on Record
An uptick in mortgage rates in November caused sales and prices to slow, but experts say there are early signs that housing demand may be creeping back around.
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