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HousingWireHousingWire Higher-for-longer mortgage rates have claimed their first victim of 2025. Ally Financial announced Wednesday that it would exit the mortgage origination business as part of a broader strategy to pursue higher returns on investments. The company also plans to explore strategic alternatives for its credit card business in the…
Continue reading →HousingWireHousingWire As wildfires tear through Southern California and firefighters battle winds up to 100 mph, tens of thousands of residents have evacuated. The looming impacts on real estate and insurance are also at the forefront of Californians’ minds. According to Anthony Marrone, the fire chief for Los Angeles County, the…
Continue reading →HousingWireHousingWire Heading into the 2025 housing market, we haven’t had this many homeowners with mortgage rates over 6% since 2016. According to the latest FHFA data, as of Q3 2024, 17.2% of outstanding mortgages, around 8.7 million borrowers, carry a mortgage with an interest rate over 6%. In the last…
Continue reading →HousingWireHousingWire Bayview Asset Management and three subsidiaries have agreed to pay a $20 million fine and implement a corrective plan following a 2021 data breach that affected 5.8 million customers. The settlement, announced Wednesday by the Conference of State Bank Supervisors, involves 53 state financial regulatory agencies. It includes Bayview…
Continue reading →HousingWireHousingWire A coalition of attorneys general from 15 states and the National Association of Home Builders (NAHB) have filed a lawsuit against the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Agriculture (USDA) over energy-efficiency standards for newly constructed homes that were finalized in April…
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