Black Knight Financial Services reported Monday that U.S. home prices were up 4.5% in a year-over-year comparison during the month of October.
October's prices were also up 0.1% from the month before, according to Black Knight's housing price index. The index uses data from both property and loan data collected by the company from over 18,500 ZIP codes.
Montana, Texas and Utah saw the biggest home price bumps, while Connecticut, Vermont and New Jersey saw the largest declines.
McCargo stabilized the agency at a crucial time as she helped navigate it through both a pandemic and subsequent dramatic interest-rate cycle change.
The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.
The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
