TransUnion opposes proposal for single-pull mortgage credit checks.
Credit bureau warns against replacing tri-merge reports with single pulls, citing potential exclusion of creditworthy borrowers and heightened systemic risk.
Report Reveals Increased Sales of Homes at Discounted Prices
Discover insights on home sales trends, revealing that the average closing price is 1.4% below the final list price, indicating a shift in market dynamics.
Zillow Removes Matterport Tours from Its Property Listings
Zillow asserts that CoStar has not renewed its Matterport API, intensifying the competitive landscape between the two real estate technology giants.
Younger Homeowners Aim to Transform Traditional Property Ownership
Millennials inheriting wealth prioritize sustainability, walkability, and community benefit, often valuing these over traditional financial returns in property investments.
Cohn and Summers caution about the U.S. fiscal trajectory.
Top economists Gary Cohn and Lawrence Summers analyze U.S. fiscal challenges, cautioning on inflation risks and the sustainability of federal debt.
Christine Chandler Appointed Chairperson of the Mortgage Bankers Association
Christine Chandler takes on leadership as chairperson of the Mortgage Bankers Association, influencing trends and fostering growth in the mortgage sector.
Supreme Court rejects REX’s request to review antitrust case.
The Supreme Court's denial of REX's petition against Zillow and NAR leaves the future of real estate practices uncertain, impacting private lenders' strategies.
Take Advantage of Existing Low Mortgage Rates
Amid rising rates, the housing market faces stagnation, leaving potential buyers disheartened. Many fear missing favorable rates seen in 2021.
Down Payments Stabilize Amid a Cooling Housing Market
The average down payment of $30,400 reflects stability in the market, increasing slightly from the previous quarter while remaining consistent year-over-year.
MBA’s Bob Broeksmit acknowledges recent legislative achievements.
Broeksmit highlighted the MBA's influence, noting it contributed to approximately 10% of all laws enacted by Congress, showcasing its pivotal role in legislation.