News and Notes

In a significant milestone for the mortgage industry, wholesale lending has surged to a 15-year high, prompting celebrations among mortgage brokers. The latest data from United Wholesale Mortgage (UWM), drawing from Inside Mortgage Finance statistics, reveals that the...

The National Association of Realtors (NAR) has unveiled a groundbreaking agreement aimed at resolving litigation surrounding broker commission claims raised on behalf of home sellers across the nation. This agreement stands to potentially transform the landscape of...

In the fourth quarter of 2023, homeowners aged 62 and older experienced a collective decline in home equity levels, marking the third consecutive quarterly decrease over the past year. According to the latest data from the Reverse Mortgage Market Index (RMMI), jointly...

Amid President Joe Biden's efforts to ease the burden of housing expenses, a pilot program eliminating the necessity for lender's title insurance in specific refinancing transactions has stirred debate within the mortgage industry. In a recent address, President Biden...

President Joe Biden's recent unveiling of housing affordability proposals, including a $5,000 tax credit for middle-class first-time homebuyers and a $10,000 credit for those selling their starter homes, has sparked mixed reactions from experts. While some see it as a...

Florida's condominium market is facing a significant downturn at the outset of the year, marking a concerning shift in the state's real estate landscape after years of robust sales. Recent data from brokerage firm Redfin reveals a 6.8 percent decline in statewide...

The pandemic-era housing boom in the United States was marked by frenzied bidding wars, a trend that defined the competition for single properties. While it's unlikely that we'll see the same intensity of bidding wars anytime soon, there are signs that lower interest...

A recent analysis conducted by Zillow delved into the question that plagues many homeowners: When is the ideal time to sell a property? The findings may surprise you. According to Zillow's research, homes listed in the initial fortnight of June in 2023 fetched 2.3%...

United Wholesale Mortgage (UWM), reigning as America's top mortgage lender, is rejoicing over a substantial surge in market share within the mortgage broker realm, claiming 24.3% in Q4 2023, as per recent findings from Inside Mortgage Finance (IMF). Over the years,...

In the latest insights from the Fannie Mae Economic and Strategic Research Group (ESR), a positive outlook is painted for the housing market in 2024. Anticipating a modest growth in existing home sales and new single-family housing starts, the forecast attributes this...