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Housing markets

Fed’s Bowman wants to boost banks’ share of mortgage market

Housing markets, Minimum capital requirements, Politics and policy, Regulation and compliance, Risk-based capital /

Key Insight: Federal Reserve Vice Chair for Supervision Michelle Bowman said the Fed is exploring ways to reduce banks’ regulatory costs associated with mortgage lending and servicing. Expert Quote: “These potential changes would address legitimate concerns about mortgage market structure while maintaining appropriate prudential safeguards.” — Fed Vice Chair for Supervision Michelle Bowman. Forward Look: […]

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NAMB outlines 4-part housing affordability fix

NAMB outlines 4-part housing affordability fix

Housing affordability, Housing markets, Originations, Politics and policy, Underwriting /

An integrated solution involving four key areas needs to come to fruition in order to solve the affordable housing crisis, the National Association of Mortgage Brokers argues in its latest white paper. Processing Content Those points were listed in a document accompanying the white paper and include: Increasing the housing supply Reducing regulatory barriers Lowering

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FHA delinquencies rise above 11%

Distressed, Housing markets, Servicing /

Mortgage delinquency rates increased in the most recent quarter, with Federal Housing Administration-backed distress spiking to multiyear highs, according to the latest industry report.  Processing Content Delinquencies increased to 4.26% in the fourth quarter on a seasonally adjusted basis, jumping up 27 points three months earlier, with upticks observed across all leading loan types. Year

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Mortgage rates slip, but 6% may be the limit

Housing markets, MARKETING TO BORROWERS, Mortgage Rates, Originations /

Mortgage rates dropped for the first time in three weeks but have remained in the same range for the past month. Processing Content The 30-year fixed-rate mortgage averaged 6.09% Thursday, down two basis points from 6.11% last week, according to the Freddie Mac Primary Mortgage Market Survey. The 30-year rate was 6.87% at this time

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Home resales fall most in four years despite lower rates

Home Prices, Housing markets, Originations /

Sales of previously owned US homes fell in January by the most in nearly four years, a month marked by a massive winter storm.  Processing Content Contract closings decreased 8.4%, the biggest drop since February 2022, to a 3.91 million annualized pace in January, according to National Association of Realtors data released Thursday. That trailed

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Trump plan to improve home affordability faces test in Atlanta

Housing affordability, Housing markets, Politics and policy /

President Donald Trump wants to ban big investors from buying more houses. Some local governments are already on the case – and Atlanta is ground zero. Processing Content The Atlanta area has the highest share of corporate-owned single-family rentals in the US, and that’s spooked many locals. Residents fume about the impact on prices. Politicians

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Title company settles RESPA JV referral claims for $1M

Housing markets, Law and legal issues, Marketing, Regulation and compliance, Title insurance /

A Maryland-based title and settlement services company has settled claims that it paid fees to real estate agents and brokers in exchange for customer referrals through joint venture arrangements. Processing Content KVS Title created multiple joint venture companies with real estate agents and brokers, including Alliance Title Services, Clear Title Solutions, Eversure Title, Realty Settlement

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MBA, lenders rally behind Housing for 21st Century Act

Affordable housing, Housing markets, Originations, Politics and policy /

As the House prepares to vote next week on the Housing for the 21st Century Act, mortgage industry groups are lining up in support of a bill that bundles a wide range of changes to housing finance, federal oversight and development policy. Processing Content The Mortgage Bankers Association on Friday urged lawmakers to pass the

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Compass loses bid to temporarily block Zillow listing rules

Home Prices, Housing markets, Originations /

Compass Inc. lost a bid to temporarily block a Zillow Group Inc. ban on listings that have been advertised elsewhere first, after a judge ruled in favor of the home-search site in its legal battle with the largest US real estate brokerage.  Processing Content US District Judge Jeannette Vargas on Friday denied a request by Compass for

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