National Mortgage News, July 17, 2024-Brad FinkelsteinA final rule governing the use of automated valuation models in mortgage lending has now been published by a group of six federal regulators, …
Category: Top National News
Foreign Buyers of U.S. Homes Pay Record Prices, but Sales Dwindle
The Wall Street Journal, July 17, 2024-Neil MehtaHigh prices and limited supply are dulling foreign appetite for U.S. homes. International buyers still in the market are now paying more than …
Refinances Propel Rebound in Mortgage Application Volumes
National Mortgage News, July 17, 2024-Spencer LeeRefinances saw their highest level of interest since 2022, leading to the first increase in home lending volume in three weeks, according to the …
HUD Proposes Permanent Program for Sale of Seriously Delinquent Mortgages
HousingWire, July 17, 2024-Flávia Furlan NunesThe U.S. Department of Housing and Urban Development (HUD) on Wednesday proposed a new rule that would implement a permanent program to sell seriously delinquent …
Homeowners Couldn’t Build Pools Fast Enough During Covid. The Tide Might be Turning.
The Wall Street Journal, July 17, 2024-Madeline BilisIn the years after Alan and Peggy Carr became empty-nesters, they decided to leave Silicon Valley for the northern suburbs of Sacramento. Alan, …
Biden’s Rent Control Plan Will Make the Housing Crisis Worse
Bloomberg, July 17, 2024–Allison SchragerBiden’s plan to cap the increases large landlords can charge will only discourage more investment.Click here for more (subscription)
What Major Finance Groups Say About the Federal Home Loan Banks
National Mortgage News, July 17, 2024–Brad FinkelsteinThe role of the Federal Home Loan Banks is clear and defined by Congress, the organization that represents the 11 institutions said in its …
Home Equity has Doubled in Seven Years for Americans. But How Do You Get at the Money?
USA Today, July 16, 2024–Daniel de ViséHomes are the nation’s piggy bank. And they are worth a collective $32.8 trillion, as of early 2024, according to federal data. That’s up …
Biden’s Rent Plan Sparks Backlash
Newsweek, July 15, 2024-Omar MohammedThe Mortgage Bankers Association (MBA) said on Monday that reported plans by President Joe Biden to potentially introduce a cap on rent increases would struggle to …
Homebuilder Confidence Falls for the Third Consecutive Month
HousingWire, July 16, 2024-Brooklee HanHomebuilder confidence fell for the third consecutive month in July as builders navigate a high consumer mortgage rate environment while also contending with elevated rates for …