Fixer-uppers are selling for 7.3% less than similar remodeled homes, the largest discount in three years.

At press time, MFA's shares were up slightly on the day to $10.32 a unit. Its 52-week low is $9.36, its high $13.45.

Onity Group, which owns the servicer, noted that the decision stemmed from a "legacy practice."

There was 3.7 months of housing supply on the market in January, the most since before the pandemic.

At press time, Fannie’s common was trading on the “pink sheets” for $7.20 a unit while Freddie’s was going for $6.44.

All work at the CFPB, including supervision and examination activities, has ceased following an order by the bureau’s new acting director. Several rulemakings are also on pause.

Federal regulation is needed for data privacy, earned wage access products and artificial intelligence, industry experts say. But states may end up carrying the ball on some of these issues plus others.

The stay for now only applies to some lenders. But a pending court ruling in a Kentucky lawsuit against the bureau’s Section 1071 rule could stay compliance with the rule for all covered entities.

Republicans may dislike the CFPB but, with narrow control of Congress, they’ll have to agree on how to rein it in.

The next round of improvements is expected to go live during the third quarter and will include a new FBI identity verification requirement for some users.