News
The hidden cost of vacant properties for mortgage lenders
1+ hour, 17+ min ago (575+ words) When a borrower leaves a property, voluntarily or through foreclosure, the asset's risk profile changes immediately. For housing financers and mortgage lenders, a vacant home is not simply a pause in revenue. It represents an active liability that requires aggressive…...
Anywhere data breach affects 17,000 customers
2+ hour, 2+ min ago (537+ words) Anywhere Real State suffered a data breach in August that affected 17,429, the company notified impacted customers. A notorious ransomware and extortion gang known as Clop gained access to the company's Oracle E-Business Suite environment and viewed or copied sensitive customer…...
What Fannie Mae, Freddie Mac MBS purchases mean for reform
5+ hour, 56+ min ago (923+ words) The government-sponsored enterprises' move toward buying mortgage-backed securities to lower rates in the near term has raised questions about whether it diverts attention from broader reform efforts. The answer appears to be that MBS buying could add to capital challenges…...
NAR antitrust cases net sellers another $42M
5+ hour, 56+ min ago (507+ words) Real estate brokerages will shell out another $42 million to home sellers and their attorneys to settle lingering antitrust litigation related to the massive National Association of Realtors case. A federal judge last week granted final approval to settlements by eight…...
GOP senators push FEMA to scrap Risk Rating 2.0
19+ hour, 49+ min ago (812+ words) A group of eight Republican senators is again urging the Federal Emergency Management Agency to scrap Risk Rating 2.0, the flood insurance pricing overhaul implemented under the Biden administration. The request comes in a new letter led by Sen. Bill Cassidy,…...
Affordability hits 4-year high as rates near 6%
1+ day, 5+ hour ago (536+ words) Affordability continues to improve in 2026, with home-price growth flattening and mortgage rates nearing 6%. Early January declines in rates helped push affordability to a four-year high, as the monthly principal and interest payment needed to purchase the average-priced home dropped 7%, or…...
MBA, lenders rally behind Housing for 21st Century Act
3+ day, 21+ hour ago (668+ words) As the House prepares to vote next week on the Housing for the 21st Century Act, mortgage industry groups are lining up in support of a bill that bundles a wide range of changes to housing finance, federal oversight and development…...
Mortgage licensing ticks up as industry eyes 2026 reset
4+ day, 36+ min ago (420+ words) After a multi-year contraction, the mortgage lending workforce is seeing its first uptick in licensing since 2022. Recent data from the Conference of State Bank Supervisors suggests the steady exodus of loan officers has finally paused, though the industry remains cautious…...
FHFA goes ahead with repeal of Biden fair lending rule
4+ day, 5+ hour ago (744+ words) The Federal Housing Finance Agency is not making changes to its proposed repeal of the Biden Administration's Fair Lending, Fair Housing and Equitable Housing Finance Plans regulation it first published for comment in July. The rule is also identified as…...
GSE 'IPO' ready for 2.5-5% initial sale if Trump OKs: Pulte
4+ day, 10+ hour ago (805+ words) Trump administration officials respectively said Wednesday that Fannie Mae and Freddie Mac are "definitely ready" for a stock offering within a certain range and a conservatorship exit is an eventual goal. Federal Housing Finance Agency Director Bill Pulte told Fox…...