Mortgage Applications Increase to Highest Level in a Month
Mortgage demand sees a significant boost, with purchase applications 20% higher than the previous year, highlighting a strong market momentum post-holiday.
Factors Driving a 20% Increase in Purchase Application Data
Positive trends in purchase application data emerge, indicating resilience in the market as buyers adapt to elevated mortgage rates and changing conditions.
Inflation Remains Low, While Interest Rate Cut Prospects Stay Diminished
Headline inflation increased by 2.4% year over year, according to the latest Consumer Price Index from the U.S. Bureau of Labor Statistics, impacting economic trends.
Home Seller Commission Lawsuit Claims Exceed 2.5 Million Submitted
Settlement notifications have reached over 100 million emails and 38 million postcards, highlighting the scale of outreach in recent legal efforts.
House Advances Trigger Leads Bill; Industry Awaits New Regulation.
The Homebuyers Privacy Protection Act (H.R. 2808) aims to eliminate abusive trigger leads, enhancing consumer privacy and promoting transparency in lending practices.
Investor Home Sales Reach Record High While Small Buyers Make Gains
Investor sales have increased alongside a slight rise in investor purchases, comprising 13% of total home sales, highlighting market dynamics for private lenders.
The Ongoing Dispute Between Robert Reffkin and Zillow Continues
Compass CEO Robert Reffkin challenges Zillow's upcoming listing policy, raising concerns as the real estate sector braces for its implications on private lenders.
Chris Morton Appointed CEO of ALTA Following Diane Tomb’s Departure
Morton steps in as ALTA's new leader following Diane Tomb, bringing extensive experience in public affairs and advocacy to enhance industry representation.
Preliminary Approval Granted for MLS PIN Settlement Again
Judge Patti B. Saris has granted preliminary approval for the fourth amended settlement between MLS PIN and the Nosalek plaintiffs, impacting industry practices.
Rocket Pro Forms Partnership with Vetted VA for Enhanced Services
Rocket Mortgage partners with Vetted VA to enhance training for staff and loan officers, aiming to improve service and support for the veteran community.