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Institutional home buyers gained ground in December

Housing affordability, Housing Inventory, Originations, Politics and policy /

Institutional investors modestly expanded their share of single-family home purchases in December, complicating President Donald Trump’s call to push large buyers out of the market. Processing Content Large investors, those that own between 100-999 properties, accounted for 3% of all single family-home purchases and mega investors, 1,000 or more properties, totaled a 2.8% share in […]

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NAMB outlines 4-part housing affordability fix

NAMB outlines 4-part housing affordability fix

Housing affordability, Housing markets, Originations, Politics and policy, Underwriting /

An integrated solution involving four key areas needs to come to fruition in order to solve the affordable housing crisis, the National Association of Mortgage Brokers argues in its latest white paper. Processing Content Those points were listed in a document accompanying the white paper and include: Increasing the housing supply Reducing regulatory barriers Lowering

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Mortgage rates slip, but 6% may be the limit

Housing markets, MARKETING TO BORROWERS, Mortgage Rates, Originations /

Mortgage rates dropped for the first time in three weeks but have remained in the same range for the past month. Processing Content The 30-year fixed-rate mortgage averaged 6.09% Thursday, down two basis points from 6.11% last week, according to the Freddie Mac Primary Mortgage Market Survey. The 30-year rate was 6.87% at this time

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Home resales fall most in four years despite lower rates

Home Prices, Housing markets, Originations /

Sales of previously owned US homes fell in January by the most in nearly four years, a month marked by a massive winter storm.  Processing Content Contract closings decreased 8.4%, the biggest drop since February 2022, to a 3.91 million annualized pace in January, according to National Association of Realtors data released Thursday. That trailed

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Judge denies motion to halt racial equity mortgage program

Industry News, Law and legal issues, Originations, Racial bias /

A federal district court in Washington State denied a claim for a preliminary injunction in a lawsuit to halt a special-purpose credit program aimed at addressing racial disparities in homeownership rates  Processing Content Nonprofit advocacy group Foundation Against Intolerance and Racism first filed suit in late 2024 against the Washington State Housing Finance Commission. Founded

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DR Horton defends practices in RICO mortgage case

Homebuilders, Law and legal issues, Originations, Property taxes, REALTORS & HOMEBUILDERS /

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

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Property records tech draws fresh VC interest

Artificial Intelligence, Mortgage technology, Originations, Title insurance /

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

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Mortgage rate dip ignites refi boom in January

LOAN PRODUCTS, Mortgage Rates, Originations, Refinance, Secondary markets, Securitization, Underwriting /

Taking advantage of falling interest rates, largely spurred by narrowing primary-secondary spreads resulting from a White House pronouncement, consumers stepped up rate lock activity, while lenders added products in January, separate reports noted. Processing Content On Jan. 8, Pres. Trump ordered Fannie Mae and Freddie Mac to purchase $200 billion of mortgage-backed securities. This came

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Affordability hits 4-year high as rates near 6%

Housing affordability, Mortgage Rates, Originations, Refinance /

Affordability continues to improve in 2026, with home-price growth flattening and mortgage rates nearing 6%. Processing Content Early January declines in rates helped push affordability to a four-year high, as the monthly principal and interest payment needed to purchase the average-priced home dropped 7%, or $164, year over year to $2,091, reducing the share of

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