Mortgages

However the numbers for November were still up from a year ago, when bans and forbearance were still largely in place.

Rising home values also brought 70,000 properties out of underwater status during the three-month period, CoreLogic said.

Some mortgage companies handling servicing have incorrectly charged borrowers for nonpayment and taken almost a year to issue refunds, the Consumer Financial Protection Bureau found.

This group of homeowners has greater financial obligations than any generation before them and largely aren’t aware of how they can make use of their home as an asset, a survey from Hometap found.

The three leaders left voluntarily, sources confirmed.

An upturn in government-backed applications also led average loan sizes to decrease for the first time in over a month.

The findings in a new TransUnion study could lend momentum to recent efforts by Fannie Mae and Freddie Mac to encourage the reporting and use of rental-payment information in lending.

Rohit Chopra, director of the Consumer Financial Protection Bureau, pledged to make it easier for state attorneys general to draw on the Consumer Financial Protection Act in filing lawsuits against corporate wrongdoers.

The monthly pace of increases have moderated since the spring, with CoreLogic expecting annual growth to decline to 2.5% by this time next year.

Renters are three times more likely to miss their scheduled payment than homeowners, an affiliate of the Mortgage Bankers Association found.

As the real estate finance industry transitions from the highs and lows of the COVID era into the new normal of 2022, industry standards will continue to play a key role in helping us solve ongoing business challenges, regardless of the market environment, writes the president of MISMO.

But rising rates and tightening affordability are slowing appreciation rates, Black Knight found in its latest Mortgage Monitor report.

Bain Capital and American Family Ventures were among the investors in this funding round for the company, which has more than doubled its staff in the past 12 months.

The U.S. Treasury Department will begin developing regulations that could expand reporting requirements for all-cash real estate purchases as part of the Biden administration’s efforts to cut down on global corruption, according to two senior administration officials.

Former principal economist at the Federal Housing Finance Agency does the math on how the changes impact the missions of Fannie Mae and Freddie Mac.

Similarities between the current rate of appreciation and what took place between 2004 and 2006 are mitigated by changes in the housing market.

But the latest employment report also reveals that if construction hiring remains sufficiently strong, home purchase originations are on track to grow to $1.7 trillion from $1.6 trillion next year.

Zillow Group Inc. jumped in late trading Thursday after the company said it plans to repurchase shares as it makes progress winding down its ill-fated home-flipping business.

LoanLogics, a Sun Capital affiliate, has purchased LoanBeam, a company with approvals from major government-related housing finance investors to provide digital processing and income calculations for tax documents.

Besides making the deduction permanent, the bill doubles the income threshold for those eligible to claim it.