HousingWireHousingWire Despite the recent rise in mortgage rates, early indicators suggest that the housing market is pointed in the right direction. The latest signal comes from the National Association of Realtors‘ (NAR) Pending Home Sales Index (PHSI), which shows sales in October growing 5.4% year over year and 2% compared…
Continue reading →HousingWireHousingWire As the saying goes, when one door closes, another opens. For the U.S. Department of Justice (DOJ), that door very well may be the now-mandatory buyer representation agreements, a provision in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement that was granted final approval on Tuesday. In a…
Continue reading →HousingWireHousingWire Mortgage applications rose 6.3% on a seasonally adjusted basis during the week ending Nov. 22, driven by a 12% increase in demand for purchase loans, according to data released Wednesday by the Mortgage Bankers Association (MBA). It is the third straight weekly increase for applications — a good sign…
Continue reading →HousingWireHousingWire Top U.S. wholesale lender United Wholesale Mortgage (UWM) has taken another aggressive move related to its product set, underscoring its strong commitment to government-backed loans. On Wednesday, the company announced the removal of all loan-level pricing adjustments (LLPAs) on government loans, albeit with some limitations. The program applies to…
Continue reading →HousingWireHousingWire Elon Musk, the world’s richest man and owner of companies including Tesla, SpaceX and the social media platform X, has called for the Consumer Financial Protection Bureau (CFPB) to be dismantled ahead of his expected role scrutinizing government spending in the incoming Trump administration. The news was first reported…
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