March 2026

Synthetic IDs, false docs play role in $6M home lending scam

An elaborate scheme involving 11 perpetrators, stolen identities and title fraud has resulted in $6 million in lender losses and criminal charges against the alleged scammers, according to new court documents.   Processing Content Federal prosecutors arrested the defendants, who were arraigned in Southern California and Florida courts late last week, following a grand jury indictment […]

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Sellers outnumber buyers by record margin in February

Sellers outnumber buyers by record margin in February

Despite mortgage rates reaching nearly 4-year lows last month, the gap between sellers and buyers in the housing market grew to its largest size on record.  Processing Content There were an estimated 630,000, or 46.3%, more home sellers than buyers in the United States in February, according to a new Redfin report. That is the

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Pulte got the condo insurance call right

Enjoy complimentary access to top ideas and insights — selected by our editors.Want unlimited access to top ideas and insights? Subscribe Now Last week, Federal Housing Finance Agency Director Bill Pulte announced that the GSEs were rolling back roof insurance requirements for condo buildings to allow them to purchase actual cash value (ACV) policies instead

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CrossCountry, UWM vie for Two Harbors in bidding war

Two Harbor released a statement early Monday calling CrossCountry’s unsolicited acquisition offer “superior” to other acquisition proposals it has received, but noted that determination is not set in stone amid ongoing competition from prospective buyers. Processing Content CrossCountry has offered to buy all Two Harbors’ stock for $10.70 cash. Two Harbors said CrossCounty also pledged

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Fed’s Miran says oil shock unlikely to alter rate outlook yet

Key insight: Fed Gov. Stephen Miran said he is looking through the oil price shock and keeping his policy outlook unchanged, anticipating four 25 basis point cuts in 2026. Expert quote: “Looking 12 to 18 months out, there’s still not enough clarity to think that monetary policy itself should adjust in response to what’s happened.”

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Swalwell drops Pulte suit while FHFA fraud probes stall

One of the targets of the Federal Housing Finance Agency’s mortgage fraud probes is dropping his lawsuit against the regulator and its leader. Processing Content Rep. Eric Swalwell, D-Calif., FHFA Director Bill Pulte and the agency itself have all agreed to voluntarily dismiss the lawmaker’s suit, according to a case filing Friday. The announcement did

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The Remodel You’ve Been Dreaming About May Be Closer Than You Think

The Remodel You’ve Been Dreaming About May Be Closer Than You Think

That kitchen you’ve been mentally redesigning… The bathroom that really needs a refresh… Or the outdoor space you keep saying you’ll get to someday… What if you already have what you need to finally make it happen? Because a growing number of homeowners are realizing just that. Homeowners are expected to spend over $522 billion

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Poached LOs sue former lender for email surveillance

A loan officer couple under fire in a poaching lawsuit is suing their former lender for allegedly scraping their private emails to make their case.  Processing Content Ashley and Christopher Hoehn sued Stockton Mortgage this week in federal court for computer fraud, adding another layer to a legal battle between the parties. The Alabama-based couple,

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Arizona housing reform push would curb HOA, design mandates

After failing to turn starter-home legislation into law, Arizona lawmakers are advancing two bills that would curb local control over design standards, homeowners associations and contractor licensing – a renewed attempt to chip away at costs amid the state’s housing shortage. Lawmakers are close to passing a measure that would strip municipalities of much of

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Fannie, Freddie place large bids for mortgage-backed securities

Fannie Mae and Freddie Mac have begun placing sizable orders to purchase mortgage-backed securities, stepping into a market roiled by widening bond spreads and a surge in volatility, according to a person with direct knowledge of the matter. Processing Content The government-controlled entities are moving to capitalize on a sharp selloff while expanding their already

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