article thumbnail

Luxury home sales rise 41.5%, making biggest jump since 2013

Housing Wire

In the largest increase since 2013, luxury home sales rose 41.5% The post Luxury home sales rise 41.5%, making biggest jump since 2013 appeared first on HousingWire. in the third quarter, according to a new report from Redfin.

article thumbnail

HUD Proposes Reinstating 2013’s Discriminatory Effects Rule

Appraisal Buzz

The post HUD Proposes Reinstating 2013’s Discriminatory Effects Rule appeared first on DSNews. The post HUD Proposes Reinstating 2013’s Discriminatory Effects Rule appeared first on Appraisal Buzz.

Appraisal 195
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

HousingWire Magazine: October/November 2023

Housing Wire

When we started using this phrase in 2013, it was providing education around the launch of the newly created Consumer Financial Protection Bureau. Having referred to this phrase for over 10 years, the explanation we’ve used is as adaptable and forward thinking as the saying is supposed to be.

article thumbnail

New-home mortgage applications surged nearly 40% annually in October: MBA

Housing Wire

FHA applications reached highest share of new-home applications since 2013 In October, FHA applications represented 26.3% “We estimate that the pace of home sales increased for the third straight month to a 715,000-unit annual pace — the strongest sales month since May 2023.”

Mortgage 450
article thumbnail

CBC Mortgage Agency cuts rates on down payment assistance second mortgages

Housing Wire

Founded in 2013, CBC Mortgage Agency’s Chenoa Fund program completed more than 40,000 mortgage transactions since its inception, according to its website. By meaningfully reducing our rate, more borrowers stand a better chance at qualifying,” said Miki Adams , president of CBC Mortgage Agency.

Mortgage 414
article thumbnail

Opinion: Setting the record straight on mortgage pricing

Housing Wire

To understand how this might happen, consider Figure 3 below, which depicts actual net loss rates for mortgages purchased by Fannie Mae for two different sets of vintages; a more severe period represented by origination years 2005-2007, and 2013-2015 representing a much more favorable period of time.

Mortgage 404
article thumbnail

CFPB orders Bank of America to pay $12M for submitting false mortgage data

Housing Wire

The CFPB claims that the bank identified the practice as early as 2013 but “turned a blind eye for years.” According to the order, between 2016 and late 2020, the LOs didn’t ask applicants for their race, ethnicity and sex, as required by law. The $12 million penalty will go to the CFPB’s victims relief fund.

Mortgage 266