Today’s report on new home sales printed one of the most surprising results I’ve seen in a while, showcasing significant growth. Now, we should have expected some growth in new home sales, given that mortgage rates have declined recently. In fact, each time mortgage rates have approached 6% since late 2022, new home sales have […]
New home sales shocked, but are these numbers legit? Read More »
A borrower today needs an annual income of just over $90,000 to comfortably afford what is now a nationwide record-high median priced home, according to Attom. That price rose to $375,000 in the third quarter, the property analytics firm said Thursday. Attom based affordability on what it takes to achieve a front-end debt-to-income ratio of
Median priced home requires an income close to six figures Read More »
loanDepot has filed a motion to dismiss a class-action lawsuit in Maryland alleging violations of loan officer (LO) compensation rules and borrower steering, arguing the plaintiffs failed to show they suffered a “concrete injury.” The lawsuit, filed in July by five borrowers who obtained mortgages from 2019 to 2021, claims loanDepot engaged in a “sophisticated,
loanDepot challenges class-action suit tied to LO comp rules, steering Read More »