The New York Times, Nov. 21, 2024-Matt YanThe U.S. median home sale price is up 5.2 percent from last October, to about $435,000, according to Redfin. But prices vary widely …
Category: Top National News
FHA Proposal Could Allow Borrowers to Use Rental Income in Applications
MPA, Nov. 21, 2024-Candyd MendozaThe Federal Housing Administration (FHA) has proposed new guidelines that could allow borrowers to qualify for FHA-insured mortgages using rental income from individuals living in their …
Refinancing Fuels Mortgage Lending Growth Despite Challenges
MPA, Nov. 21, 2024-Candyd MendozaMortgage lending in the United States rose modestly in the third quarter of 2024, driven primarily by homeowners refinancing higher-rate loans from 2021 and 2022 as …
Owning a Home Has Rarely Been This Much More Expensive Than Renting
Yahoo!Finance, Nov. 20, 2024-Claire BostonOn paper, owning a home is almost always more expensive than renting — about 14% more, on average, after factoring in expenses like insurance, taxes, and …
Builders Are More Confident About Single-Family Homes
Globe St., Nov. 20, 2024-Philippa MaisterBuilders’ confidence in the single-family new home market continues to rise, according to the latest survey of its members by the National Association of Home …
Weekly Mortgage Demand Inched Up, Despite Higher Interest Rates. Here’s Why
CNBC, Nov. 20, 2024-Diana OlickAfter flatlining the week before, mortgage demand rose last week, despite mortgage rates increasing for the fourth straight week. Total application volume climbed 1.7% compared with …
Climate Change Drives Up Insurance Costs — and Missed Mortgage Payments
Louisiana Illuminator, Nov. 20, 2024-Mario Alejandro ArizaWhen Miguel Zablah bought his five-bedroom home in Miami’s leafy Shenandoah neighborhood in June of 2020, he said he paid $7,000 a year for …
Bank Regulators: No Plans to Move Forward with Major Rulemakings Until Next Year
ABA Banking Journal, November 20, 2024Representatives from the Federal Reserve, FDIC and Office of the Comptroller of the Currency said today there are no plans to finalize major rulemakings until …
Mr. Cooper Sues its Insurance Providers Over Cyber Breach
National Mortgage News, November 19, 2024-Maria VolkovaMr. Cooper is accusing its insurers of not indemnifying it for losses caused by a cyber attack that hit the nonbank’s systems in late …
20 Places Where Homes Sell the Fastest
National Mortgage News, Nov. 19, 2024The region of Manchester-Nashua, New Hampshire, is the metro area where homes sell the fastest according to data from Premier Online Marketing, with homes having …