January sales of single-family homes in the Houston area dropped 22.7% from a year earlier, according to data compiled by the local Realtors' association.Also, the average price of a single-family home in the big Texas market declined 12.8%, to $164,922. The Realtor group attributes much of the decline to an increase in foreclosure sales, which accounted for a third of all closed transactions recorded in January, up from 25% a year earlier.
A federal judge ruled that the Trump administration's attempt last year to halt funding for the Consumer Financial Protection Bureau was unlawful and unconstitutional. Two other judges have issued similar decisions.
GSE loans between 30 and 59 days late on their payments saw a 13 basis point rise in delinquency rates, while most non-agency MBS types saw annual increases.
New American Funding also promoted Stacy Chevalier Northwest regional vice president, and MISMO added three members to its board of directors.
A lawsuit claims the bureau regularly assigns higher-responsibility examination work to Black workers without corresponding pay bumps or promotions.
House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
