Low-income first-time homebuyers face higher closing costs than others receiving purchase mortgages, according to economists at Fannie Mae. The GSE is suggesting changes that could fix some of that.
Foreclosures are down, but forbearance is up. Industry analysts have some theories as to why homeowners aren’t selling, but motivations remain somewhat unclear.
Mortgage originators in disaster-prone areas should monitor the trends that could lead to a sustained rise in property insurance premiums, according to advisory firm SitusAMC.
Start-up mortgage lender Beeline completes Series A funding; HouseCanary publishes report defending its AVM; DC attorney general introduces legislation aimed at the use of algorithms by companies in the housing sector; LoanLogics acquires LoanBeam.
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