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June 2025

Condo rules need reform to keep homes affordable

Condos and HOAs, Housing affordability, Originations /

Enjoy complimentary access to top ideas and insights — selected by our editors. Condominiums have historically been our most affordable site-built homeownership option. However, escalating insurance costs, concerns about the structural integrity of condos, and more stringent underwriting requirements threaten to undermine the advantages of this critical home purchase option. Is there a way forward that […]

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Mortgage fraud risk jumps 7.3% in one year

Fraud, Mortgage applications, Originations, Regulation and compliance /

The potential for mortgage lending fraud accelerated over the past year, with risk related to undisclosed transaction details driving much of the surge, according to Cotality. In its latest report, the real estate data platform found fraud risk was up 7.3% year over year in the first quarter. Risk lessened over time, though, coming in

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Sellers net all-time high sales prices to close spring

Originations, REALTORS & HOMEBUILDERS /

It’s a buyer’s market, but homeowners are still recouping all-time high sales prices.  Sellers are netting an average sales price of $400,266 over the four weeks ending June 22, according to Redfin. That figure is up 1.6% from the same time last year, in a housing market currently beset by near 7% mortgage rates and

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Home retention saves Fannie, Freddie and FHA billions

Distressed, Secondary markets, Servicing /

New reports show that the strategies used by three major government-backed mortgage agencies to help delinquent borrowers keep their homes make financial sense for the entities themselves. Fannie Mae, Freddie Mac and the Federal Housing Administration save billions of dollars over time by giving loans a chance to reperform, Housing Risk and Policy Advisors found

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Fed-driven bond rally stalls with yields lowest since May

Federal Reserve, Mortgage Rates, Treasury bonds /

Treasuries fell Friday but remained on course for a third straight weekly gain, with benchmark yields near the lowest levels since early May. Traders squared their positions to start the session, pushing yields up and snapping a five-day rally. Inflation gauges in US economic data were firmer than expected, leading traders to pare bets on

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What the big, beautiful bill now has in store for the CFPB

What the big, beautiful bill now has in store for the CFPB

Consumer lending, Politics and policy, Trump administration /

Senate Banking Committee Chair Tim Scott, R-S.C., left, and committee ranking member Elizabeth Warren, D-Mass.Bloomberg News WASHINGTON — Senate Banking Republicans can go ahead with cuts to the Consumer Financial Protection Bureau’s funding after the Senate parliamentarian approved nearly halving the amount that the bureau can draw from the Fed’s total operating budget.  Last week,

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Fannie Mae’s new AI-powered crime detection unit: The Pulte/Palantir project

Artificial Intelligence, Contributors, Fannie Mae, HWmember, Legal, Opinion, Technology /

Fannie Mae has launched an AI-powered Crime Detection Unit in partnership with Palantir Technologies to achieve what FHFA/Fannie/Freddie chief Bill Pulte has called “something big on mortgage fraud.” Fannie Mae we all know is the grande dame of American Housing. Less known is Palantir Technologies. It describes itself as “bringing the right data to the

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Pulte still contacted by woman arrested for bomb threat

Bill Pulte, FHFA, Freddie Mac, HWmember, Mortgage, Politics, Regulatory /

In a social post on X on Thursday, FHFA Director Bill Pulte said a fired Freddie Mac employee who was arrested in March for threatening to blow up the Freddie Mac building in McLean, Virginia has continued to contact him. It’s Pulte’s first public statement on the incident since the woman’s arrest. Pulte posted: “Recently,

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Redlining deal dispute pits DOJ against advocates

Law and legal issues, Politics and policy, Racial bias, Redlining /

Three fair housing organizations are asking to weigh in on a federal case where the Department of Justice is seeking to end a redlining settlement with Lakeland Bank — an effort the DOJ and the bank both oppose. The nonprofits — New Jersey Citizen Action Education Fund, the Housing Equality Center of Pennsylvania, and the

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