HousingWireHousingWire Fannie Mae‘s Home Purchase Sentiment Index (HPSI) decreased 1.9 points in December to 73.1 — a figure substantially higher than year-ago levels due to ongoing mortgage rate optimism. The index reported that consumers continue to expect mortgage rates to decline over the next 12 months. In December 2024, the…
Continue reading →HousingWireHousingWire South Carolina-based homebuilder Mungo Homes announced Monday that Geoff Shiley has assumed the role of CEO. Shiley succeeds longtime CEO Steven Mungo, who will move into the role of executive chairman for the company. Shiley, who has been with Mungo Homes for nearly 20 years, most recently held the…
Continue reading →HousingWireHousingWire Amid a regulatory push ahead of the White House transition, the Consumer Financial Protection Bureau (CFPB) unveiled a new rule on Tuesday to eliminate medical debt from credit reports. The regulation is expected to raise the number of mortgage approvals by about 22,000 loans per year. The rule amends Regulation…
Continue reading →HousingWireHousingWire Multichannel mortgage lender Lower has acquired software company Neat Labs to transform its point-of-sale technology into a fully integrated application-to-funding mortgage platform, aiming to reduce reliance on third-party vendors. The stock-based deal was finalized in December, though financial details were not disclosed. “It’s very hard to build this technology…
Continue reading →The city of Dover established regulations to create higher-density housing. Farmington adjusted its zoning to allow attached and detached accessory dwelling units with a minimum of one parking space. Those are just two examples of what Dover and Farmington, along with 16 other New Hampshire communities, did to earn their…
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