Fannie Mae and Freddie Mac purchased a record $2.52 trillion in single-family loans in 2021, with the average guarantee fee — expected to cover credit losses, administrative costs and cost of capital — rising 2 basis […]
The third quarter used to be historically the strongest of the year for independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks. At least until 2022. On the origination side, these companies’ costs exceeded […]
The housing recession was in full swing in October. Existing home sales last month declined 5.9% from September to a seasonally adjusted annual rate of 4.43 million in October, and were down 28.4% year over […]
Don’t be fooled by last week’s mortgage rate collapse. A combination of elevated mortgage rates, sluggish home sales and inflation continue to plague the housing market workforce, with numerous mortgage lenders and real estate startups […]
On Aug. 31, 2022, the Federal Housing Finance Agency (FHFA) announced that it would conduct a comprehensive review of the Federal Home Loan Bank (FHLB) system. This article addresses two legal issues relevant to the […]
Proptech firm Rhino will be buying the technology and assets of Deposify, a cash security deposit management technology platform, to launch an end-to-end deposit management and compliance platform. The platform, which is planned to launch […]
The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the […]
Black Knight agreed to sell its TitlePoint business unit to former parent company Fidelity National Financial for $225 million in cash. A sale of TitlePoint is expected ahead of Black Knight’s planned blockbuster acquisition by […]
Focus on Income Inequality This Page One Economics essay discusses how income and wealth inequality are measured, what drives differences among individuals and households, and how growing inequality may affect the overall economy. The essay […]
Airbnb announced partnerships with the Mexico City Government and UNESCO to promote the city as a global hub for remote workers and develop and showcase cultural and creative stays and experiences on Airbnb that enhance […]
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