Beeline Title Holdings, a subsidiary of Beeline Holdings Inc., has closed what it says is one of the first residential real estate transactions funded through the sale of a cryptocurrency token backed by real property. The company described the deal as a milestone in merging decentralized finance with traditional title and escrow operations. Beeline executives […]
Beeline Title completes milestone crypto real estate deal Read More »
New home sales missed sales estimates significantly in Wednesday’s report and we have negative revisions to the previous months. The builders’ profit margins are dwindling, which means housing construction, which has been at early COVID-19 recession levels for some time, could worsen if mortgage rates stay elevated or head even higher. So, instead of focusing
US housing construction is dead with current mortgage rates Read More »
The average top tier 30yr fixed mortgage rate had already dipped to the lowest levels since May 1st at the start of the week. Two additional days of modest improvement brings us to the lowest levels since April 4th as of today. April 4th is probably a day that’s worth remembering. If rates take out
Lowest Rates in Over 2 Months Read More »
Housing regulator Bill Pulte has instructed the two government-sponsored enterprises he oversees, Fannie Mae and Freddie Mac, to move toward recognizing crypto holdings without requiring conversion when assessing borrowers’ ability to repay, a move that could help bring digital currency further into the mainstream. He formally authorized this Wednesday and directed the GSEs to plan
Pulte pushes Fannie, Freddie to count crypto assets Read More »
The Department of Housing and Urban Development announced plans to relocate from its longtime headquarters located in the nation’s capital to Alexandria, Virginia. Such a move had also been the subject of rumors since early in the second Trump administration, as its Department of Government Efficiency set out to target examples of what it classified
HUD announces move to new headquarters in Virginia Read More »
Mortgage rates rose slightly last week, but refinancing demand continued to drive a modest uptick in overall applications, according to the Mortgage Bankers Association. The average rate for a 30-year fixed-rate mortgage ticked up 4 basis points last week to 6.88%, the MBA said. This was a bounce back from the week before when the
Uptick in refinancing leads to higher mortgage applications Read More »
Kevin Wall, co-president of First American Title Insurance Co., has abruptly exited his role from the largest individual underwriter in the nation, the company confirmed. His departure was first reported by Inside Mortgage Finance. Wall also headed up the company’s Agent/Lender Group, which consists of the Agency, Mortgage Solutions, Docutech, First American India, Servicemac and
First American Title co-president abruptly departs Read More »
Federal Reserve Chair Jerome Powell.Bloomberg News WASHINGTON — Federal Reserve Chair Jerome Powell said that the central bank will consider a Basel III endgame proposal — in addition to the nascent leverage ratio proposal being unveiled later in the day — as part of bank regulators’ deregulation push during the Trump administration. Powell, speaking before
Powell says Fed will revisit Basel III capital rules Read More »
In the nearly five years since they were first proposed, only 11 states have fully adopted the Conference of State Bank Supervisors’ prudential standards for nonbank mortgage servicers. Yet because of multistate examinations, these rules apply to 99% of nondepository mortgage servicers. The standards first went out for comment in October 2020, with 17 organizations
Nonbank servicing standards apply to 99% of market: CSBS Read More »
US purchases of new homes fell in May by the most in almost three years as rampant sales incentives fell short of alleviating affordability constraints. Sales of new single-family homes decreased 13.7% to a 623,000 annualized rate last month, a seven-month low, according to government data released Wednesday. That was below all estimates in a
New-home sales drop by most since 2022 on poor affordability Read More »