August New Home Sales Continue Summer Surge
New home sales topped the one million mark, seasonally adjusted, in August for the first time since 2006, HUD and the Census Bureau reported yesterday.
Initial Claims Persist at Disconcerting Rate
Initial claims for unemployment insurance ticked back up last week, the Labor Department reported yesterday—another indicator of just how persistent economic conditions have been since the coronavirus hit this past winter and spring.
Homeownership Less Affordable for Average Workers Across U.S.
ATTOM Data Solutions, Irvine, Calif., released its third-quarter U.S. Home Affordability Report, showing median home prices of single-family homes and condos in the third quarter are less affordable than historical averages in 63 percent of counties with enough data to analyze, up from 54 percent a year ago.
MBA Advocacy Spurs Crackdown on Deceptive VA Loan Marketing
The settlements signal a remarkable effort by the Consumer Financial Protection Bureau to hold lenders accountable for their dealings with the nation’s veterans—and the culmination of advocacy by the Mortgage Bankers Association to protect earned benefits for servicemembers, veterans and surviving spouses.
