Mortgages

Sales of new U.S. homes increased in September to the highest level in six months, underscoring solid underlying demand.

U.S. home prices jumped 19.8% in August, the latest in a string of massive gains in the pandemic real estate market.

Button Finance intends to use the capital to develop its underwriting platform and increase hiring.

The inventory shortage is a likely driver of an increased willingness to consider a house where suspected paranormal activity occurred.

Secretary Marcia Fudge’s statement has implications for other tribal nations in Oklahoma and may be watched closely by other government officials, housing and civil rights advocacy groups.

Average incomes for this age group increased by 24% since 2012, but housing prices jumped 86%.

No city exemplifies the mania of the COVID-era U.S. housing market better than Boise, Idaho, where prices have surged by more than 30% in the past year. But in a sudden reversal, buyers are now the ones with power.

The Series B investment round for the power buyer comes at a time when all-cash purchases account for almost a quarter of the market.

Around 432,000 homeowners exited their pandemic-related payment suspensions in the first 19 days of October and more than 280,000 plans have month-end review dates, but the number of private-loan plans increased.

Seasonal patterns are also playing a part in the slowdown in buyer demand, the company said.

The industry is prioritizing Black and Hispanic consumers in the interest of social equity and to tap new markets amid declining refinance volume and rising rates.

The firm, dubbed Polpo Capital, is looking to produce a 15% net return to investors with modest leverage by capitalizing on the coming distress in commercial mortgage debt as forbearance agreements expire

Several housing groups wrote a letter calling for “substantially improved written proposals” for the period starting in 2022, and support for chattel manufactured-home loans.

The median selling price of an existing house rose 13.3% in September from a year ago, the smallest annual price increase since the end of 2020.

The 30-year average stayed above 3% for the second straight seven-day period, with improved retail sales data helping drive the uptick.

This increases the opportunity for the company to keep in touch with its HomeSafe and EquityAvail customers between the loan closing and when it becomes due.

The two fintechs’ venture looks to solve the long-standing problem of connectivity as the barrier to full lending digitization.

Counties in the West faced the least risk from pandemic distress in the third quarter, according to Attom Data Solutions.

One winning bidder, who bought two of the four pools in the government-sponsored enterprise’s nonperforming loan offering, is a repeat buyer affiliated with a minority- and women-owned business.

The deal is the investment company’s second since it launched on Sept. 28.