The abundance of sellers in the housing market has given buyers a major advantage, leading to record discounts, according to a new industry report. Processing Content The average homebuyer who purchased a home below the asking price last year received a 7.9% discount, the largest since 2012, Redfin found by comparing original list prices with […]
Home discounts hit highest level since 2012, Redfin finds Read More »
Fairway Independent Mortgage Corp. agreed to resolve alleged violations surrounding unlicensed lending activity that occurred at one of its California branches earlier this decade and pay $160,000 in penalties. Processing Content In 2021 and 2022, unlicensed branch employees were alleged to have conducted origination activity that was only permitted to be carried out by licensed
Fairway agrees to financial penalty over unlicensed LOs Read More »
A partial government shutdown that began over the weekend remained in effect Monday, as the House had yet to act on a Senate-passed compromise bill that includes mortgage-related funding. Processing Content The departments of Housing and Urban Development and Treasury among the agencies affected. So too is the National Flood Insurance Program. “Most HUD staff
Partial shutdown hits HUD, FHA and flood insurance programs Read More »