High mortgage rates cool down prices in these US metros

Home prices and sales have declined as the demand from all buyers, including investors and buyers interested in building homes, has cooled, according to a report from CoreLogic. Continue reading

Xome’s DIY platform lets investors sell homes without an agent

Homeowners can’t sell a primary residence through Xome’s seller portal without a listing agent, but can hire an agent on their own or ask Xome to match them with one. Continue reading

Why inland California housing is so exposed to downturn risk: Report

Data provider Attom tracks the 50 U.S. communities most at risk of further housing decline. Half of them are located in one of three places. Continue reading

Mortgage assistance for Hawaii fire victims includes forbearance help

Fannie Mae, Freddie Mac and the Federal Housing Administration outlined relief for homeowners as FEMA and the state of Hawaii rushed to provide emergency housing for displaced residents. Continue reading

Former Keller Williams NYC office auctions for $11.3M

Former Keller Williams NYC market center owners Ilan Bracha and Heim Binstock’s battle for their 377 Broadway office is officially over as a new owner snapped it up at an auction for $11.3 million. The office went into foreclosure in 2018 after the duo… Continue reading

Angelo Mozilo, symbol of subprime mortgage lending, dies at 84

The co-founder of Countrywide Financial cast himself as the leader of the revolution to expand access to mortgage lending but became the public face of the subprime mortgage collapse. Continue reading

Loan servicers’ pandemic-relief efforts ‘a major success story’

Mortgage loan servicers collecting payments on loans guaranteed by Fannie Mae and Freddie Mac completed 2.36 million “home retention actions” during the COVID-19 pandemic. Continue reading

Dreading a rise in foreclosures? Here’s one economist’s take

Windermere Chief Economist Matthew Gardner has pulled the latest data on foreclosure starts and looked at the quality of mortgages that have been given to buyers in order to give you a clear idea of how foreclosures will impact the overall housing mark… Continue reading

Wells Fargo paying $3.7B to settle mortgage, auto loan allegations

Federal regulators allege bank improperly denied thousands of mortgage loan modifications over at least seven years, in some cases leading customers to lose their homes. Continue reading

Home price declines leave 450,000 borrowers underwater

Six out of 10 borrowers who owe more on their mortgages than their homes are worth bought or refinanced their homes in 2022, according to the latest Black Knight Mortgage Monitor. Continue reading