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As the New Year settles in, unfortunately, homeownership and financial stability are still a worry for millions of hard-working Americans. Through the Eviction Protection Grant Program (EPGP), a first-of-its-kind federal program created to increase the availability of legal services to tenants at risk of or subject to eviction, the U.S. Department of Housing and Urban Development (HUD) granted $40 million in funding to 21 recipients to support housing stability and prevent evictions and homeless
Vanderbilt Mortgage & Finance , part of Warren Buffetts conglomerate Berkshire Hathaway , has been accused by the Consumer Financial Protection Bureau (CFPB) of manipulating underwriting standards and setting borrowers up to fail in manufactured home loans. The consumer watchdog on Monday filed a lawsuit in a U.S. district court in Tennessee against Vanderbilt for purported violations of the Truth in Lending Act and Regulation Z.
According to a new study from Redfin , a household making a median U.S. income of $83,782 in 2024 wouldve had to spend 41.8% of their earnings on monthly housing costs if they bought a $429,734 median-priced U.S. home. Thats a slight improvement from 42.2% in 2023, but is considerably less affordable than the typical share of 30% or lower recorded throughout the 2010s.
The New Years week was expected to be slow, so it’s no surprise that new listings and sales are down. Those will start rebounding in next weeks data. The Christmas and New Year’s holidays fell on Wednesdays this year, which messes up two full weeks in terms of getting home sales done and tracking the numbers. At the same time, mortgage rates jumped back over 7%.
Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.
In build-to-rent communities across the U.S., single-family homes are redefining rental living. These homes, ranging from just under 1,000- to some over 2,000-square feet, combine space with perks like on-site maintenance, pools, fitness centers, and playgrounds. While spacious rentals are often associated with states like Colorado or Texas, the East Coast is rewriting the rules.
Sherry Chris may have retired from her role as president and CEO of Anywhere Expansion Brands including the Better Homes and Gardens Real Estate (BHGRE) and ERA Real Estate brands but that doesnt mean she hasnt been keeping busy. On Monday, the National Association of Realtors (NAR) announced Chris appointment as an independent consultant and special adviser to CEO Nykia Wright.
Sherry Chris may have retired from her role as president and CEO of Anywhere Expansion Brands including the Better Homes and Gardens Real Estate (BHGRE) and ERA Real Estate brands but that doesnt mean she hasnt been keeping busy. On Monday, the National Association of Realtors (NAR) announced Chris appointment as an independent consultant and special adviser to CEO Nykia Wright.
Vanderbilt Mortgage & Finance , which originates loans for manufactured homes, is being sued by the Consumer Financial Protection Bureau (CFPB) for putting borrowers into loans they could not afford. The CFPB alleges that Vanderbilt failed to make reasonable, good-faith determinations of borrowers ability to repay loans and manipulated lending standards when borrowers did not make sufficient income.
While recent housing market reports and trends have shown that older homeowners are unwilling to sell their homes for a variety of reasons, one of them may be the expected requirement to pay capital gains taxes stemming from the post-pandemic explosion of home-price appreciation, according to a report from Business Insider. While some homeowners are looking to cash in on the equity they’ve built up since the pandemic, these same increases in property values are driving up the number of hom
With AI-powered cybersecurity incidents including advanced malware and ransomware attacks becoming more prevalent, many mortgage companies will be looking to update their network and data security in 2025. One of the biggest challenges mortgage servicers will face is ensuring that the third parties they work with are also meeting or better yet exceeding industry security standards.
GVC Mortgage announced the hiring of Jen Peachman as vice president of strategic lending, a move that Peachman confirmed on LinkedIn. Per the Chrisman Commentary, a daily mortgage newsletter produced by Rob Chrisman , GVC said that Peachman “will play an integral role in expanding our retail branch network across the GVC Lending footprint.” With more than 20 years of experience in mortgage and financial services, Peachman formerly served as national director of origination sales for
Construction projects are high-stakes operations where even minor inefficiencies can lead to costly delays, safety concerns, and budget overruns. Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively manage risk.
Jamie Woodwell has been promoted to senior vice president of commercial/multifamily policy and strategic industry engagement at the Mortgage Bankers Association (MBA). Woodwell, who has been with the MBA for 20 years, most recently served as vice president and head of commercial real estate research, where he oversees the associations economic research and analysis covering commercial and multifamily real estate finance markets.
Berkshire Hathaway Energy (BHE), the parent company of real estate brokerage firm HomeServices of America , has asked Judge Stephen R. Bough to reconsider a previous ruling and for an order to compel arbitration in the Gibson copycat commission lawsuit. In a document filed last week, BHE asked Bough to reconsider his order denying BHEs motion to strike the class-action allegations and to dismiss for failure to state a claim.
The industry veteran announced she was stepping down from an advisory role at Anywhere in December 2024 after officially retiring in April 2023. Now, she will help NAR build relationships and trust, and serve as special advisor to CEO Nykia Wright.
James Mullis, a plaintiff in the Batton homebuyer commission lawsuit , is joining the growing list of parties that have appealed the final approval of the settlement agreements reached by the National Association of Realtors (NAR) and HomeServices of America. Mullis filed his appeal on Dec. 24 in the Eighth Circuit Court of Appeals. Prior to filing the appeal, Mullis had filed an objection to the settlement before its approval.
Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.
Are MLSs still relevant in real estates new era? Absolutely, says California Regional MLS, whose new campaign focuses on adaptation and member empowerment.
The Mortgage Bankers Association (MBA) on Monday appointed Jamie Woodwell as its senior vice president of commercial/multifamily policy and strategic industry engagement. Woodwell brings 20 years of experience at MBA to the new role. He transitions from a previous position as vice president of research and economics. The executive’s work has focused on key policy issues such tax, climate and potential changes with Fannie Mae and Freddie Mac.
A Department of Justice statement from the MLS PIN commissions case offers a sense of what the government is seeking when it comes to buyer agent compensation.
In this weeks episode of the RealTrending podcast , host Tracey Velt is joined by Michael Valdes, CEO of LPT Realty. They discuss LPTs recent expansion milestones, its Agent Choice model and the influence of artificial intelligence (AI) on real estate workflows. This conversation has been edited for length and clarity purposes. To start, Valdes shares background on LPT and his involvement with the company.
Affordability issues have stymied the housing market for the better part of the past decade, but it didnt get worse in 2024. Thats the conclusion of a new report from Redfin , which said that housing affordability didnt deteriorate further last year, the first time thats happened in four years. Taking the median U.S. income of $83,782 and comparing it to the median home price of $429,734, a household in that situation would have spent 41.8% of their income on housing in 2024.
Is time an adjustment? What is acceptable appraisal practice? The new GSE (FannieMae, FreddieMac) guidelines still require adjustments for market conditions. This is part 8 of our series on GSE Guidelines. Read the series here. Market conditions are different at different points in time. Duh! Time adjustments have always been required. Seldom enforced.
The COVID-19 pandemic set off a wave of migration that temporarily depressed coastal housing markets and caused others to explode. But almost five years after the pandemic began, new trends are emerging that may surprise you. Thats according to an annual study from United Van Lines that surveys movers on where theyre coming from, where theyre going and why.
Luxury "is expected to remain the shining star of real estate," Coldwell Banker Global Luxury's Michael Altneu said in the brand's annual luxury trend report released on Monday, which highlighted areas to watch in 2025.
It doesnt matter how many doors you have or how much cash flow you generate; if your expenses outweigh your income, you will never be a successful investor.
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A growing pool of buyers and an increasingly optimistic cohort of agents may signal a boost in the next batch of home-sale numbers, Intel Index survey results suggest.
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