Homebuyers made record down payments in 2024
For all of 2024, buyers put down an average of $29,900, or 14.4% of the purchase price, marking the highest figures since tracking began.
Mortgage
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CFPB staffer alleges misconduct in Townstone redlining suit
New CFPB leadership allegedly uncovered what attorneys call targeting of Townstone Financial based on its speech.
Pulte terminates SPCPs, issues recision of UDAP bulletin in slew of orders
Bill Pulte posted several FHFA policy changes to his X account early this week, including a recission of UDAP enforcement.
Fannie Mae’s title waiver pilot program, one year later
The future of Fannie Mae’s title insurance waiver pilot remains uncertain under new federal leadership, despite cost savings for borrowers.
Top execs at Freddie Mac, FHFA fired: report
The top executives at Freddie Mac, along with a top HR official at the FHFA, were fired today, according to a report on SEMAFOR.
Build, baby, build: How the US can start fixing its housing supply crisis
The U.S. is short millions of homes. Policymakers, builders, lenders and others shared potential solutions at the Housing Supply Summit.
Federal Reserve stands pat, but still sees rate cuts ahead
The decision was almost universally expected by market observers as the Federal Reserve weighs data that could be pushing the U.S. toward a recession.
Mortgage industry veteran Tammy Richards takes on new role at Kind Lending
Richards announced Tuesday on LinkedIn that she’s now the president of retail at Kind Lending, a move that comes a little less than a year after she joined the company.
CHLA urges FHFA director to keep issues for small IMBs in mind
CHLA laid out what it sees as priorities for FHFA related to smaller IMBs in a letter to its new director, Bill Pulte.
Pulte makes sweeping changes to boards of GSEs
Bill Pulte made sweeping changes to the boards of both GSEs, and will serve as chair of both of them according to new SEC filings.