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

Jumbo mortgage rates rise as lenders pull back

Rates for mortgages backed by Fannie and Freddie continue to ease despite Federal Reserve Chairman Jerome Powell’s tough talk on inflation, but liquidity issues put pressure on bigger loans. Continue reading

Will chatbots make housing discrimination worse?

New artificial intelligence technology can recommend real estate listings based on neighborhoods’ ethnic makeup. Experts are worried about the tech’s potential for discrimination. Continue reading

Veros says its AVM isn’t tripped up by historical redlining boundaries

Study finds that homes located within historically redlined neighborhoods tend to have less living space, smaller lot sizes and more variations in quality. Continue reading

Audits find fault with help provided to FHA borrowers during pandemic

Loan servicer Mr. Cooper is ‘deeply disappointed’ that the HUD OIG audit focused on problems it says were mostly technical, rather than on borrower outcomes. Continue reading

This apartment complex wants to lock residents inside all night long

The Array Apartments in Austin, Texas, has announced a “mandatory” curfew between 10 p.m. and 5 a.m. each night. But legal experts are skeptical such a rule can be enforced. Continue reading

The Texas plan that could win even more new homeowners

High property taxes in Texas have in the past canceled out some of the state’s affordability advantages. But political leaders are looking for ways to reduce homeowners’ tax burden. Continue reading

Quality control standards for AVMs may cover discrimination

Proposed standards would include random sample testing and reviews to ensure a “high level of confidence” in the estimates produced by AVMs. Continue reading

Airbnb sues New York City over ‘de facto ban’ on short-term rentals

Readers who prioritize second homes and investment properties turn to Inman’s weekly Property Portfolio email newsletter, whether they’re agents who work with this special class of clients or investors themselves. This month, we’ll go deeper on e… Continue reading

Private mortgage insurers have friends in high places

House lawmakers ask SEC not to hinder a system that private mortgage insurers have used to transfer nearly $68 billion in risk since 2015. Continue reading