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Mortgage Rates Cling To 7% Threshold, Dampening Homebuying Spirit

Freddie Mac reveals continued high rates amid cooling housing demand; construction sector hit hardest as potential homebuyers await fall for relief.

Analysis and Data
Non-QM Is Where It's At

Loan officers' survival, that is.

Non-QM
Existing-Home Sales Dip in August, Yet Home Prices Surge

As existing-home sales dip further, median prices rise unabated.

Analysis and Data
Home Flipping Sees Profit Rebound in Q2, Despite Decreased Activity

ATTOM report indicates an uptick in investor ROI amid broader housing market rebound; all-cash purchases on the decline as loan-backed buying shows promise.

Analysis and Data
Comerica Welcomes New Regulatory Professional

Kristina Janssens named senior vice president and chief compliance officer.

People On The Move
Home Point Settles For $5 Million Over Alleged IPO Misrepresentations

Investors claim the mortgage lender overstated its cost efficiency and resilience ahead of its 2021 public launch.

Courts
Federal Reserve Holds Rates Steady But Eyes Future Hike

Fed retains current rate between 5.25%-5.5%; Housing market may see a shift as inflationary pressures are monitored and policy adjustments are made.

Analysis and Data
Entrapment Is The Name Of The Game

NTRAPS target seniors, low-income borrowers, consumer and title advocates say.

Courts
Housing Support In Theory, Not In Practice

As the U.S. grapples with a housing shortfall, personal preferences and political divides challenge the 'Yes In My Backyard' sentiment.

Analysis and Data
CFPB Issues Guidance On AI In Credit Underwriting

Creditors must provide specific and accurate reasons for credit denials, even with complex AI models.

Industry News