Mortgages

The income needed to comfortably afford a home in the US has leapt 80% since 2020, far exceeding a 23% increase in median income over the same period, according to a post on Thursday by Zillow.

The Old Dominion State has joined 30 others with pending or existing legal protections against the real estate agreements, which affect the right to sell.

But a part of the proposal getting mixed reviews extends a risk sharing program that provides capital to housing finance agencies for multifamily loans.

A mixed-race couple claims a "whitewashed" valuation in 2023 returned a price 39% higher than the depository-approved result a year earlier.

The latest inflation news has created concern that the Federal Reserve's pivot on short-term rates could be delayed.

The program sponsors licenses for real estate agents, insurance professionals and others to help buyers obtain mortgages.

Three years after the federal relief effort was introduced, close to half of all states continue to accept applications, but New Hampshire and Oklahoma announced pending closures of their programs next month.

Nearly half of sellers and buyers in a recent LendingTree survey said they didn't know what commission percentage their agent received in their most recent transaction.

At issue is whether convenience fees for last-minute payments are governed by the Federal Debt Collection Practice Act, and if so, when they should be disclosed.

The company originated more loans to buy homes than Detroit-area rival No. 2 Rocket did in total during the fourth quarter.