Mortgages

The jump is the largest 12-month gain in the index since the series began 45 years ago.

The changes could help one of the Biden administration’s affordable housing goals, which is aimed at making wealth-building through owner-occupied, 2- to 4-unit properties more attainable.

Residential construction was up 27% year over year in July, according to the U.S. Census Bureau.

Improved capitalization and smaller balance sheets should help several weather the likely consolidation that is coming, Moody's said.

Almost $35 million of the total is earmarked for compliance efforts at 93 organizations.

What that means for the industry outlook depends in part on how well the imbalance between supply and demand for homes sustains wavering gains in the housing market.

About 400,000 plans are scheduled to drop out in September based on the limits afforded by the CARES Act.

Roughly $8 billion to $12 billion of the residential losses in the Louisiana area could be insured, according to CoreLogic. The storm’s more recent Northeast impact has not yet been calculated.

From 2016 to 2019, the Long Island man stole from Home Point Financial, LoanDepot and United Wholesale Mortgage, and faces 30 years in prison.

Price growth is moderating and properties are taking longer to sell — albeit by a modest three days.

The 30-year average has remained below 3% for two months.

New York lawmakers extended the state’s eviction and foreclosure freeze through Jan. 15, providing relief to renters, homeowners and small businesses that have struggled during the COVID-19 pandemic.

The software from Incenter allows appraisers to use a homeowner’s mobile phone to take time-stamped and geotagged photos, in addition to dimensions recorded with a 3-D scanning digital measuring tape.

The company's new name helps reflect the business lines it expanded into outside of fix-and-flip during the last few years.

The extension in the number of days investors are locked out of the process comes amid a broader push by the Biden administration to boost access to affordable housing.

The White House and the Federal Housing Finance Agency announced steps to help nonprofits and public agencies buy foreclosed properties, among other initiatives, as part of a plan to boost supply over the next three years.

Average loan sizes also grew, as continued demand for homes still outpaces inventory.

By some current measures, nonbank capitalization looks strong compared to banks, but the way a Ginnie Mae proposal aims to assess the value of mortgage servicing rights would change that, Moody’s Investors Service reported Tuesday.

More than 500,000 houses were potentially affected by this type of damage from the more recent storm, which was the second-most intense storm in Louisiana’s history.

The deal comes with a 10-year agreement for Arch to serve as the exclusive mortgage insurance provider for Westpac LMI’s former parent financial institution in Australia.