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- HUD and FHA announce new appraisal bias protections May 1, 2024FHA and HUD announced new guidance designed to combat appraisal bias by giving borrowers more options when seeking a reconsideration of value.
- New bill seeks to expand Social Security benefits for seniors May 1, 2024The new bill would change the standard by which the Social Security Administration calculates the annual cost-of-living adjustment.
- Fed holds rates steady for the sixth straight time May 1, 2024Recent economic data hasn’t given policymakers confidence that inflation will continue to decline
- Corcoran scores a touchdown as former NFL stars join teams in Nashville, New Jersey May 1, 2024Corcoran expanded its talent pool this week and welcomed three new agents who happen to be former NFL players.
- Agencies aim to standardize ‘first-generation homebuyer mortgage’ definition May 1, 2024The GSEs, under the guidance of FHFA, are creating a single definition for products designed to expand homeownership to more families.
- Freddie Mac expands use of AOLs in selling guide update May 1, 2024Attorney opinion letters, rather than title insurance, may now be used on most mortgages purchased by the GSE, including condominiums
- New homebuyer commission lawsuit takes aim at HomeServices May 1, 2024A Florida homebuyer filed a commission lawsuit against HomeServices of America. He is represented by the lead attorney in the Batton suit.
- Title premium volume fell 31% in 2023 May 1, 2024As existing home sales dropped to the lowest level it has seen in nearly three decades in 2023, title insurance premium volume also took a hit. In 2023, the title insurance industry generated $15.1 billion in title insurance premiums, a 31% annual drop, according to the American Land Title Association’s Market Share Analysis, released Tuesday. […]
- Mortgage demand continues to fall as rates soar May 1, 2024Mortgage demand dipped last week as mortgage rates reached their highest levels since November 2023.
- The Texas-sized problem with housing inventory figures May 1, 2024National listings growth isn't necessarily a boon to all housing professionals: after all, the growth is highly concentrated in Texas and Florida.