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Coming Up:
Winning The Purchase Market In 2026
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Charting The Course
Industry News
Oct 26, 2023
The Interest
Fannie Mae, Freddie Mac Shareholders Win Prejudgment Interest On $299M Verdict

Federal court upholds shareholders' right to interest after government's wrongful claim on profits; simple interest rate set, drawing from Delaware law precedent.

Regulation and Compliance
September Sees Slight Boost In Homebuyer Affordability Nationwide

Recent data unveils a dip in median mortgage payments, but annual figures showcase a significant rise.

Analysis and Data
September Sees Soaring Single-Family Home Sales

U.S. Census Bureau and Housing Department report a 33.9% year-over-year surge; median prices rise to $418,800.

Analysis and Data
Austin Loses Luster

Prospective homeowners are exploring the possibility of departing from Austin due to persistent high housing expenses.

Analysis and Data
Mr. Cooper Group Announces Q3 Net Income Of $275 Million, Edges Closer To $1 Trillion Target

CEO Jay Bray touts balanced business model as the driving force behind consistent growth; company initiates search for successor following vice chairman's retirement announcement.

Industry News
Mortgage Applications Hit Lowest Level Since 1995

30-year fixed mortgage rate reaches 7.9% – its highest since 2000 – stalling potential homebuyers and suppressing refinance activities.

Analysis and Data
Homestar Financial Shuts Down Amidst Mortgage Volatility

Rising mortgage rates, lock volume decrease, and market compression force the closure of prominent Georgia-based lender, ending its two-decade run.

Industry News
John Pyne Joins Atlantic Bay Mortgage Group

Veteran mortgage expert with $1 billion career loan volume set to amplify company's presence in DC metropolitan area.

People On The Move
Federal Reserve Approves Major CRA Overhaul After Nearly Three Decades

Final rule for CRA modernization promises more flexibility, 2-year implementation, and a nod to digital banking.

Industry News
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