News & Articles

“Holly MacDonald-Korth has shown herself to be a strong, innovative, compassionate, and responsive leader for KDM,” Korth said. “Holly has essentially been acting CEO for a couple of years now, and I am confident that with her at the helm, KDM will continue on its...

Added NAHB’s chief economist, Robert Dietz: “April saw an increase in new home sales as buyers sought new construction even as builders struggle to keep up with demand because of a shortage of distribution transformers and skilled construction workers,” he said....

“Over the last year, we’ve consistently rolled out innovations to ensure our digital tools are improving speed and efficiency, reducing risk and, ultimately, helping us serve our mission by reaching more qualified borrowers,” said Kevin Kauffman, single-family vice...

This then triggers additional activity: “Once you’re in your new home, the next step is going to be to sell your old one – which will have to happen within six months,” Richardson said. “It’s at that point you’ll pay off your old mortgage and the bridge loan.” Bridge...

“[The hearing] emphasized the need to continue this dialogue,” Park added. “The testimonies we heard will help shape our ongoing agency-wide efforts to understand and address bias in the industry.” Read more: Firm claims it's “blind” to appraisal bias Federal Housing...

For a young man in his early 20s, he recalled the money was pretty good: “It worked for me as a single young guy where I was able to make more money than I’d made in any prior jobs and be able to learn some things as I went along.” The novelty begins to wear off But...

Union Home Mortgage (UHM) has announced that Matt Roberts (pictured) will move into the role of regional manager to spearhead new growth in the Pacific Northwest region. In his new position, Roberts will oversee sales growth across the West Coast, including Alaska,...

The 1% down payment program was designed specifically to serve millions of Americans from low to moderate income-level households struggling with housing affordability. Homebuyers whose income added up to 80% or less than their area median income (AMI) and who were...

Unless an exemption applies, “neither a retaining sponsor nor any of its affiliates may pledge as collateral for any obligation (including a loan, repurchase agreement, or other financing transaction) any ABS interest that the sponsor is required to retain with...

Both refinance, and purchase applications decreased 5% week over week. The refinance share of mortgage activity stayed unchanged at 27.4% of total applications. “Since rates have been so volatile and for-sale inventory still scarce, we have yet to see sustained growth...

Serious delinquency rates (90+ days past due) continued to improve nationally, with the number of such loans decreasing in 45 states (90%) and Washington, D.C. Foreclosure starts plunged 23% to 25,000 for the month, the lowest level since September 2022 and 45% below...

Census figures suggest a rebound in housing activity And yet, hope appears to be on the horizon – starting in July anyway. Joel Kan, MBA’s vice president and deputy chief economist, echoed Broeksmit’s assessment on the impact of the higher mortgage rates, noting they...