In September, mortgage delinquencies rose compared to the month before and September 2024, new industry data shows. The most notable jump came in late-stage delinquencies, 90-119 days past due, which hit the highest level since January 2020 and saw the largest year-over-year increase among all credit products from 0.16% to 0.18%, according to the latest […]
Delinquencies rise, signaling borrower pressure Read More »
Housing rewards platform Bilt Technologies will partner with Venmo, adding the app to its existing payment methods that can help consumers earn points toward homeownership. Beginning next year, Bilt members will have the opportunity to connect their accounts to Venmo, with the new option offering another way to earn points from rental and mortgage payments,
Bilt to let members earn housing rewards through Venmo Read More »
A coalition of lenders, servicers and lienholders are challenging a new state law on zombie seconds, arguing it will increase the cost of financing and limit homeowners’ access to equity. The California Mortgage Association and 11 other plaintiffs sued California Attorney General Rob Bonta in September, asking a federal judge to halt enforcement of the
Mortgage groups sue California over zombie seconds law Read More »
Two, a mortgage real-estate investment trust, reported a third-quarter loss as it absorbed previously announced settlement costs while also releasing news of some volume gains in subservicing and originations. RoundPoint’s corporate parent reported a net loss to common shareholders of almost $141.25 million or nearly $80.21 million on a comprehensive basis. Common shares’ second quarter
Two takes a loss on settlement, emerges with ‘clean slate’ Read More »
Home prices gained the least in over two years, slowing for the seventh straight month in August as buyers gained leverage in negotiations and inventory grew. A national measure of prices rose 1.5% from a year earlier, according to data from S&P Cotality Case-Shiller. It was the smallest gain since mid-2023 and followed a 1.6%
US home prices post weakest gain in more than two years Read More »
Pennymac outlined what it considers key priorities for a healthy housing market as the Trump administration weighs possible near-term reforms to the government-sponsored enterprises. “The potential for structural action at the GSEs is more elevated now than at any point since the conservatorships began in 2008,” Pennymac’s public policy and government affairs experts wrote in
What Pennymac wants prioritized in GSE reform Read More »
A few years ago, inventory hit a record low. Just about anything sold – and fast. But now, there are far more homes on the market. Listings are up almost 20% from this time last year. And in some areas, supply is even back to levels we last saw in 2017–2019. For sellers, that means
Why Some Homes Sell Quickly – and Others Don’t Sell at All Read More »
Collov AI, an artificial intelligence (AI) platform for home design, announced a partnership with Side, a white-label real estate brokerage platform. The move expands access to Collov AI’s staging and visualization tools for Side’s network of more than 500 boutique real estate companies — with tools available through the Side Marketplace and its agent community
Collov AI, Side partner on virtual staging tools for agents Read More »
While the national entry point for luxury homes edged down slightly in September, buyers with a million-dollar budget can find significantly more space in some regions than others, according to Realtor.com’s latest Housing Market Luxury Report. The report shows that in metros such as Atlanta, Denver and Houston, luxury homes priced between $1 million and
Luxury homebuyers getting more bang for their buck in Atlanta, Denver Read More »
Americans are moving less than at any point in the past 50 years, according to recent U.S. Census Bureau data analyzed by Point2Homes. In 2024, only 11% of Americans — or roughly 37 million residents — changed their address. That’s down from 14.3% a decade earlier and nearly half the rate of the 1960s, when
Renters are moving more than homeowners, but US mobility is historically low Read More »