Key insight: The better-than-expected jobs report saw 130,000 jobs added in January, while unemployment dropped to 4.3%. What’s at stake: The Federal Reserve is watching the numbers closely as Chairman Jerome Powell considers the central bank’s dual inflation and employment mandate. Forward look: The strong job numbers reduce the need for the Fed to slash […]
US adds 130,000 jobs in January; unemployment rate falls Read More »
Zillow Group Inc. forecast first-quarter profit that falls short of analyst estimates as the home-search site balances legal costs from ongoing litigation and expenses from the company’s partnership with Redfin. Processing Content The Seattle-based company said Tuesday it sees adjusted earnings before interest, taxes, depreciation and amortization range with a midpoint of $167.5 million for the three
Zillow profit view misses on cool housing market, legal costs Read More »
After a long stretch where buyers were competing for too few homes, inventory has made a comeback over the past year. And depending on where you live, that’s opening up your options in a meaningful way. According to Realtor.com, the number of homes available for sale in January was the highest it’s been since 2020.
Inventory Is Making a Comeback in 2026 Read More »
Processing Content What’s at stake: Colony Ridge will pay $48 million to improve infrastructure at its developments near Houston particularly flood control measures. No money is earmarked for harmed borrowers, however, who have a high bar to get relief under a default avoidance plan. Key insight: In a surprise move, the DOJ is requiring that
Developer Colony Ridge to pay $68M in DOJ, Texas settlement Read More »
Large construction companies and their lender partners could see imminent changes in Fannie Mae and Freddie Mac’s terms, according to Federal Housing Finance Agency Director Bill Pulte’s social media posts. Processing Content Pulte confirmed follow-through on plans to track the government-sponsored enterprises’ builder-related business in posts on X, noting that he has reviewed “pricing and terms,
FHFA’s Pulte plans pricing changes for builders, lenders Read More »
D.R. Horton and its lending arm are defending their underwriting practices as lawful, after borrowers sued the companies for saddling them with mortgage payment shocks. Processing Content The homebuilder’s motion to dismiss, filed Monday in a Nevada federal court, is its first response to a class action suit, which raises racketeering claims. Home buyers say
DR Horton defends practices in RICO mortgage case Read More »
Mortgage rates fell on Tuesday following a downbeat Retail Sales report. At 0.05%, it was the largest single-day drop since the uncommonly big 0.15% drop on January 9th. This also takes the average 30yr fixed rate to 6.11%, easily below its recently narrow range of 6.15-6.20. The bonds that drive mortgage rates are always tuned
Lowest Mortgage Rates in More Than 3 Weeks Read More »
Mortgage delinquency rates were up in the fourth quarter, with sharper increases in areas with rising unemployment rates and falling home prices, a new industry report shows. Processing Content While credit card and loan delinquency rates have mellowed, albeit at elevated rates, mortgage delinquency rates continued to steadily grow in the fourth quarter, although still
A K-shaped split is emerging in mortgage delinquencies Read More »
A startup focused on modernizing property records intelligence announced a seed funding round, making it at least the second such company to receive early venture capital investment this year. Processing Content Based in Tel Aviv with operations also in Florida, Dono raised $6.5 million in the round led by Link Ventures. Participants also included Lool
Property records tech draws fresh VC interest Read More »
Mr. Cooper is facing another complaint over its fees, from plaintiffs claiming over $15 million in damages. Processing Content Two borrowers filed the class action lawsuit this week in Ohio, including parent company Rocket Mortgage as a defendant. The filing seeks relief for over 787,000 borrowers who paid off their mortgage in recent years, who
Mr. Cooper sued over $20 third-party reconveyance fees Read More »