Housing inventory still near record lows

We only have 2.6 months’ worth of housing inventory in the U.S. after coming off the single biggest home-sales crash year in history. That is where we are today in America. As expected, existing home sales fell from February to March since the previous month’s report was intense. We have

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Guild snags a top team from Fairway

Distributed retail lender Guild Mortgage has picked up a top-producing team of loan officers, branch managers and back-office staff in California from rival retail shop Fairway Independent Mortgage. Guild, publicly traded and based in San Diego, added 40 employees across eight branch offices in California, the company said Thursday. John

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FHFA to formalize fair housing policies through rulemaking

The Federal Housing Finance Agency (FHFA) on Wednesday released a proposed rule that would codify many of its regulatory policies related to fair housing and fair lending. In formalizing housing regulation policies through the rulemaking process, the Biden administration hopes to make it more difficult for future administrations to untangle them. The proposed rule would

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CFPB staffer sent 250,000 consumers’ data to personal email account

A Consumer Financial Protection Bureau (CFPB) employee forwarded records containing personal information on approximately 256,000 consumers at one financial institution, as well as confidential supervisory information at 45 other institutions, to a personal email address, the Wall Street Journal reported. The agency, already under fire by Republican lawmakers, described the

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Clear Capital and CoreLogic expand partnership

Real estate valuation technology provider Clear Capital announced on Thursday an expansion of its partnership with CoreLogic. Through the expanded partnership, Clear Capital’s recently launched Universal Data Collection product will be available for order and fulfillment through CoreLogic’s suite of Valuation Workflow Solutions. “The key to appraisal modernization is wide-spread

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Mortgage rates rebound after five straight weeks of declines

Interest rates for mortgage loans broke five straight weeks of declines caused by the bank crisis. This week, the 30-year fixed rate rebounded due to recent data indicating a still-resilient economy, the potential continuity of the Federal Reserve’s tightening monetary policy, and pressures in the secondary market.  “For the first

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Existing home sales down 22% from a year ago

After posting a surprising 14.5% monthly increase in February, breaking a year long streak of declines, existing home sales were back down again in March, according to a report from the National Association of Realtors (NAR), released Thursday. Existing home sales dropped 2.4% month over month in March to a seasonally adjusted

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