Increase in Refinancing Drives Mortgage Application Growth
Mortgage applications rose 4.8%, fueled by an increase in refinancing activity, indicating shifting borrower sentiment in the current market.
Average Buyer’s Agent Commissions Increased Slightly After NAR Rule Changes
Buyer's agent commissions have increased slightly, reflecting minimal changes over recent quarters. Explore insights on the evolving commission landscape here.
New York State Increases Property Tax Exemption for Seniors to 65%
New legislation increases property tax exemptions for income-eligible seniors from 50% to 65%, potentially impacting local government finances and private lenders.
MBA Expresses Support for Proposed Reduction in Community Banks’ Leverage Ratio
Federal regulators propose reducing the CBLR to 8% and extending compliance grace periods for community banks, offering greater flexibility in financial management.
Trade Groups Call on Congress to Pass Long-Term NFIP Legislation
Housing trade groups advocate for Congress to reauthorize the NFIP, emphasizing its vital role in protecting millions of homeowners from flood risks.
Navigating Private Mortgage Risks: A Glossary for Lenders & Investors
A professional reference glossary defining fifteen core risk categories in private mortgage lending — from LTV and default risk to fraud, title, and portfolio concentration — with servicing context for each term.
NWMLS and Compass Seek Delayed Trial Date Beyond June 2026
Court proceedings for a case involving NWMLS and Compass may see a delayed trial date, with NWMLS planning counterclaims. Stay informed on potential impacts.
Grand Jury Declines to Indict Letitia James in Mortgage Fraud Investigation
Abbe Lowell, attorney for James, comments on the grand jury's decision not to indict Letitia James in the mortgage fraud case, signaling potential case closure.
BTIG Identifies Emerging Strategies for Mortgage Stock Growth
Mortgage stocks are projected to increase, driven by AI-enhanced cost efficiencies and declining interest rates, as highlighted by BTIG research.
New York Court Affirms Legality of Foreclosure Abuse Legislation
New York Court of Appeals reinforces homeowner protections with the upholding of the Foreclosure Abuse Prevention Act, limiting repeated foreclosure actions.