While many had hoped the Department of Justice’s interest in the real estate industry would wane with the business practice changes outlined in the National Association of Realtors’ commission lawsuit settlement agreement, that is clearly not the case. In a message on Realtor Hub, a forum for NAR members, trade…
Continue reading →Patrice Ficklin, who has served at the Consumer Financial Protection Bureau (CFPB) since the agency’s founding in 2011, will depart for Fannie Mae to serve as the government-sponsored enterprise’s fair lending officer. The news was first reported by American Banker. Ficklin has been a mainstay at the CFPB, overseeing the…
Continue reading →The Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) this week released updated loan-level data collected through the National Survey of Mortgage Originations (NSMO), according to a joint announcement. The data provides “updated mortgage performance and credit information for a nationally representative sample of mortgage borrowers…
Continue reading →The single-family rental (SFR) space has taken off since the financial crisis in 2008. Now a new segment within the SFR sector — luxury homes — is gaining steam. Point2, an international real estate search portal, analyzed its internal data, public records and other sources to determine that luxury rentals…
Continue reading →Mortgage rates rose slightly over the past week, with the U.S. economy continuing to show strength even as home sales remain tepid. According to HousingWire‘s Mortgage Rates Center, the average 30-year rate for conforming loans stood at 7.11% on Tuesday, up slightly from 7.08% one week ago. Meanwhile, the 15-year…
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