Mortgages

The state with the highest mortgage delinquency change between Q4 2023 and Q1 2024 saw a change of 23.87%.

Issues or errors in closing-protection letters appeared in over 45% of loans, a record-high share, according to Fundingshield.

Iannitti co-founded the document company in 1987 and later took a leading role in promoting eMortgage process adoption.

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The new law, which went into effect on July 19, also has provisions that deal with heirs property, an issue that clouds ownership.

The former president's running mate pick has garnered national attention, partially for his controversial suggestion to deport 20 million people as a solution to the lack of housing inventory.

Both Vanguard Group Inc. and Fidelity International have said a Republican sweep in November would pose the greatest risk to bonds by expanding Trump's ability to implement his agenda, some of which is also expected to contribute to higher inflation.

The Department of Housing and Urban Development and the Nationwide Multistate Licensing System also reportedly had disruptions.

The election reflects a battle between two administrations that have had different philosophies on risk sharing the GSEs do with private investors.

The monthly pace of growth in applications for new single-family constructions fell for the first time in 2024, according to the Mortgage Bankers Association.

Hugh Frater was one of four appointed to the Bipartisan Policy Center board, along with former Philadelphia Mayor Michael Nutter, a co-chair of its Housing Council.

With the landmark Supreme Court decision overturning Chevron USA v. National Resources Defense Council, much of the rule making by the Federal Reserve Board, the SEC, HUD and other agencies is now open to attack, writes the Chairman of Whalen Global Advisors.

A planned update to the core Reg X servicing rule is needed but the industry wants more time to eye it with several new proposals pending in an election year.

Year-over-year consumer dollars for home remodeling projects should drop 0.5% by 2Q25, after a 3% decline for the trailing 12 months, said the Joint Center for Housing Studies of Harvard University.

Gow's addition is the latest major leadership development at the firm, which also named a new chairman and CEO this year but saw the recent departure of its chief technology officer.

Even though the 30-year fixed rate mortgage is at its lowest level since mid-March, consumers are being cautious in returning to the market, Freddie Mac said.

Nearly all of the economists surveyed by Wolters Kluwer in July expect the FOMC to reduce short-term rates, but less of them expect it to happen at the September meeting than the number who believed so last month.

The proposal would add reforms aimed at broadly prioritizing owner-occupant access and end the "test" or "demonstration" mode these sales have been in since 2002.

The number of properties sold over the past year was the fewest since 2009, the National Association of Realtors said.