Hispanic and Black Americans who purchase lower-priced homes than white Americans can lead to further wealth gaps, according to a study by the National Association of Realtors. Continue reading
Freddie Mac reported a surge in new business, increasing it’s earnings to $2.8 billion in the first quarter, up from just $200 million last year. Continue reading
The 30-year fixed-rate mortgage averaged 2.98 percent, up slightly from last week’s 2.97 percent, according to Freddie Mac’s Primary Mortgage Market Survey. Continue reading
The FHFA announced that Fannie Mae and Freddie Mac will begin offering a new refinance product this summer for low-income homeowners. Continue reading
Google Cloud may be making waves in the world of intelligent document processing with the rollout of a purpose-built solution for the mortgage industry, Lending DocAI, but there are at least 27 technology vendors competing in the space. Continue reading
OJO Labs’ latest homebuyer survey found that Black homebuyers were three times more likely to have a credit score below 660, which inhibits access to down payment assistance programs and agent support. Continue reading
The Federal Reserve restated its intent to keeping a lid on interest rates, saying the pandemic “continues to weigh on the economy, and risks to the economic outlook remain.” Continue reading
Mr. Cooper announced that many of its consumers had unauthorized withdraws, now the Consumer Financial Protection Bureau is looking into the matter and the adverse effects it may have. Continue reading
The housing market continued to slow this week even as interest rates remain below 3 percent. MBA Economist Joel Kan explains why. Continue reading
The CFPB announced that despite concerns from the housing industry, it is postponing compliance with its new QM rule until Oct. 1, 2022. Continue reading