Veros: Home Price Appreciation Could Be Cut in Half
Veros Real Estate Solutions, Santa Ana, Calif., said its upgraded forecast calls for home price appreciation to fall to just half of its current rate over the next 12 months.
FHA Expands Mortgage Eligibility for Borrowers Previously Affected by COVID-19
The Federal Housing Administration on Thursday expanded mortgage eligibility for borrowers who experienced a gap in employment and/or a reduction or loss of income due to a COVID-19 related economic event.
CFPB Issues Advisory on Personal Data Compilation
The Consumer Financial Protection Bureau on Thursday issued a legal interpretation on how companies that use and share credit reports and background reports can do so under the Fair Credit Reporting Act.
Who Owns Climate Risk? MBA White Paper Examines Challenges, Risks for U.S. Real Estate
The Mortgage Bankers Association this week issued a white paper examining how climate change is dramatically reshaping lenders’ and policymakers’ approaches to the U.S. real estate market.
Employment, Initial Claims Data Underwhelm
Ahead of Friday’s employment report from the Bureau of Labor Statistics, private-sector employment rose by just 128,000 in May, said ADP, Roseland, N.J. In a separate report, the Labor Department said post-pandemic initial claims remain erratic, rising by 4,000 from the previous week.
