Referral fees from so-called ‘paper brokerages’ including Zillow inflate commissions by $15B a year: CEO

Calling it a “kickback scheme,” HomeOpenly CEO Dmitry Shkipin told the FHFA to ban referral fees charged by online brokerages — including Zillow — that don’t actually buy and sell property. Continue reading

Big lenders get a head start, adopt $715,000 conforming loan limit

Moves by Rocket and United Wholesale Mortgage could help borrowers get better rates and make smaller down payments when taking out loans that were previously classified as jumbo. Continue reading

The 10 most stable housing markets in the United States, ranked

The U.S. housing market and economy at large have endured a blizzard of rising home prices and climbing mortgage rates. But take shelter from the storm with these financially sound markets. Continue reading

Equifax ‘coding issue’ possibly skews thousands of mortgage credit scores

A “coding issue” reportedly affected about 12 percent of credit scores calculated from March 16 to April 6, 2022. Continue reading

Equifax ‘coding issue’ possibly skews thousands of mortgage credit scores

A “coding issue” reportedly affected about 12 percent of credit scores calculated from March 16 to April 6, 2022. Continue reading

Equifax ‘coding issue’ possibly skews thousands of mortgage credit scores

A “coding issue” reportedly affected about 12 percent of credit scores calculated from March 16 to April 6, 2022. Continue reading

New tools from Clear Capital facilitate desktop appraisals

Real estate agents and brokers approved by Clear Capital provide property information and photos that supplement data from public sources, helping appraisers complete accurate desktop appraisals. Continue reading

Home price growth in New England states slow to a crawl in October

Home prices have continued to rise quickly throughout the U.S., but price growth halted in October in the Northeast, according to the Federal Housing Finance Agency’s House Price Index. Continue reading

The million-dollar question: Do $1M Freddie Mac mortgages conflict with affordable housing mission?

Redwood Trust, which issues jumbo loans that are off limits to Fannie and Freddie, says costlier markets are better served by private lenders. Continue reading

Fannie, Freddie raise loan limits to record high

Rapid home price appreciation during the pandemic means loan limits for Fannie Mae and Freddie Mac will make a record-breaking leap in 2022, fueling a debate over whether that’s ultimately in the best interests of would-be homebuyers struggling to find… Continue reading