News

As results trickle in following a historic 2020 general election, results seem to be leaning toward a Joe Biden victory, but potentially also a Republican-led Senate. What would the impact of a Biden presidency be on housing? “For the mortgage

The average U.S. mortgage rate for a 30-year fixed loan fell 3 basis points this week to 2.78%, Freddie Mac said in a report on Thursday, the lowest rate in the survey’s near 50-year history. This week’s rate broke the previous record low on

A new annual report from CoreLogic shows multi-closing fraud risk held steady in 2020 after having decreased the past several years. “Multi-lien fraud is an extremely profitable scam that takes advantage of the lag between closing and records to solicit

In its annual Mortgage Fraud Report, CoreLogic found that the risk of mortgage fraud for the 12 months ending June 2020 decreased 26.3% year-over-year nationally. Applications for investment properties showed the highest risk, while VA-based programs showed the lowest. The

The mortgage industry is no stranger to disruption since the onset of the COVID-19 pandemic. Lenders have seen it all this year: high volumes, volatility, market uncertainty… the list goes on and on. Amid evolving market conditions, today’s mortgage lenders

Despite home prices rising 6.7% year over year in September, CoreLogic’s Home Price Index Forecast (HPI) estimates home prices will moderate next year, increasing 0.2% nationally by September 2021 as higher prices erode affordability. Home purchase demand managed to maintain

Online real estate marketing platform Hubzu has launched a new mobile app, available for residential real estate buyers. The app offers potential buyers tools to find, research and bid on homes via a competitive auction format.  Hubzu is an end-to-end

The National Flood Insurance Program’s authority to issue policies was recently extended for a full year, until September 30, 2021. This is the 16th short-term extension of the NFIP since Congress reauthorized the program in 2012 and extended it in

As a premier provider of innovative, high-performance software, data and analytics for mortgage and home equity lending and servicing, Black Knight is transforming the housing finance industry. With highly advanced software solutions for originations, servicing and secondary marketing, Black Knight

Millions of people are locking in their dream to own a home. So, what’s stopping you from the exciting homeownership journey? Despite the fact that low housing inventory is making it a competitive market, people are still buying and listing

The U.S. forbearance rate measuring the share of mortgages with suspended payments fell seven basis points to 5.83% last week, according to the Mortgage Bankers Association. “With more borrowers exiting forbearance in the prior week, the share of loans in forbearance declined across

Despite what many believe, Gen Z and Millennials do want to become homeowners and they’re excited by the prospect. However, they face different obstacles than their parents and grandparents did. These challenges include lack of mortgage education, lack of suitable

Cannae Holdings and Senator Investment Group announced they are dropping their takeover bid after CoreLogic confirmed last week it is exploring multiple offers to sell at or above $80 per share. However, the increased offers did not deter the investors

The COVID-19 pandemic redefined “home” for many Americans and underscored the bedrock necessity of affordable housing for seniors, families and essential workers. As the pandemic shifts from crisis to chronic, investors, community leaders and housing advocates say they intend to

New rate lock data suggests 2020 will end with over $4 trillion in mortgage origination volume, easily a record. The data, from Black Knight’s “Mortgage Monitor” report, shows that rate lock activity in the first half of October was up

With Halloween in the rearview mirror, we still have one more spook to survive in 2020 – and no, I’m not talking about the upcoming election.  I’m talking about housing market crash headlines. The housing data has been wild this

Mattamy Homes, one of North America’s largest homebuilders, has reached an agreement to acquire the homebuilding operations of Dallas-based New Synergy Homes. The acquisition is expected to close on Monday. No financial terms have been disclosed. With this transaction, Mattamy

Fannie Mae and Freddie Mac released their Q3 earnings last week, reflecting a combined $6.7 billion in net income, up significantly from the previous quarter. This strong performance was not unexpected, but makes the upcoming 50 basis point adverse market

In this week’s round-up of hiring announcements, PropertySync, a cloud-based SaaS title plant platform, announced its first CEO, naming David Floyd to the position. Floyd, who will assume the position in November 2020, brings more than 20 years of experience

The National Fair Housing Alliance and nine other housing organizations filed a lawsuit against Redfin on Wednesday, accusing the online brokerage of racial discrimination and favoritism toward predominately white neighborhoods. “Redfin redlines communities of color in this digital age by