The American Land Title Association has filed an amicus brief in support of Fidelity National Financial, which is suing the Treasury Department and the Financial Crimes Enforcement Network, looking to stop an anti-money laundering regulation reporting requirement. The Biden Administration promulgated the rule, which is set to go into effect on Dec. 1. FNF sued […]
ALTA files brief in support of Fidelity in Fincen case Read More »
Rows of houses stand in Las Vegas, Nevada, U.S., as seen in this aerial photo taken on Tuesday, Sept. 22, 2009. Photographer: Jacob KeplerJacob Kepler/Bloomberg The housing market is edging toward becoming buyer friendly, as inventory reached multi-year highs and purchase demand remained strong last month, according to HouseCanary’s latest Market Pulse Report. Total for
Inventory, demand continue to improve in housing market Read More »
Mortgage credit availability inched upward in August, continuing in a direction that indicates some stabilization in the mortgage market, according to the Mortgage Bankers Association. The MBA’s Mortgage Credit Availability Index increased 0.1% to 104 last month. The report follows July’s marginal rise of 0.2% and marks two consecutive months of gains after a 1.3%
ARMs drive slight boost in credit availability Read More »
The 30-year mortgage without a prepayment penalty has long been standard in the U.S., but the latest round of GSE reform has some former officials questioning it. The debate has new relevance given that two influential GSE loan buyers that have been in government conservatorship are now exploring potential restructuring with industry input. Many housing
GSE talks revive push for 30-year loan changes Read More »
Opendoor Technologies Inc. shares surged by as much as 69% Thursday after announcing the return of its co-founders to the board and a new chief executive officer. If the advance holds it will be the biggest one-day gain for the home-flipper turned meme stock on record — continuing its blistering 450% run up since mid-July
Meme-darling Opendoor’s shares soar as founders rejoin board Read More »
Evidence of homeowners’ desire to refinance at the first signs of falling mortgage rates appeared in August’s data as rate-and-term transactions hit a 2025 high. Rate-and-term locks accelerated 69.8% from the prior month, according to Optimal Blue’s Market Advantage report. Compared to August 2024, though, volumes finished 8.7% lower. Cash-out refinances also saw a monthly
Rate-and-term refi activity hits 2025 high mark Read More »
The housing market could see a bump this fall akin to the traditional spring homebuying season. The steady mortgage rate decline and an atypical summer for home price growth could bring buyers off the sidelines, property analytics firm Cotality suggested in a recent report. Rates today are at their lowest point since last September, when
Buyers may flood market this fall. Here’s why Read More »
The headlines about potential declines in mortgage rates has consumers more inclined to become home buyers, but views on selling took a hit last month, Fannie Mae reported. Its Home Purchase Sentiment Index for August was 71.4, a 0.4 point decline from July. The only months in the past 12 which the index was lower
Buyers gain hope on rates, sellers turn cautious Read More »
Mortgage rates reached another 11-month low this past week, as markets are pricing in an expected short-term rate cut from the Federal Open Market Committee later this month. This follows a week where one long-term Treasury rate showed serious volatility. The 30-year Treasury bond posted a yield just shy of 5% during trading on Sept.
Mortgage rates sink with FOMC cuts on the horizon Read More »
For the first time since 2016, the number of American households who are homeowners declined on an annual basis, in another signpost that high home prices and elevated interest rates are taking people out of the market, a Redfin study of U.S. Census data found. The study estimated about 86.2 million Americans own their home,
U.S. homeownership falls for first time since 2016 Read More »