Loan defect rate climbs as ten states sue over escrow interest
ACES puts the Q1 critical defect rate at 1.71% with legal and compliance issues making up a quarter of all findings, while a ten-state coalition asks an Oregon court to vacate the OCC's escrow-interest preemption rules.
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Mortgage rates fall again, but are borrowers stretching budgets too far?
With 30-year conforming rates at 6.86% this week, applications rose 3.6%, but stress is visible in FHA and VA portfolios
REMAX CEO Erik Carlson to step down after Real acquisition closes
Real confirmed Carlson will join the Real REMAX Board, while reports say 2 other REMAX executives may also exit.
Mortgage critical defect rate rises to 1.71% in Q1 2026
ACES data shows legal and compliance defects at 26.02% of findings
Verification, Title/DSCR, Escrow Reporting, BI Asset Products; Disasters Shifting, as is FEMA; AI and Data
While Lake Powell and the Colorado River are at their lowest levels ever, and states like Minnesota, Oregon, and Washington are in a drought, would you like a short clip of what they’re experiencing in Hawai’i? So far, the North Atlantic hurricane season (June 1 to November 30) has been light, which pleases…
Pending home sales dip in July — Midwest fares best
Despite broader slowdown, several major metros posted notable annual gains
Weaker Start, But Traders Buying The Dip
Big picture momentum has been calmly but clearly skewed toward higher yields for almost 10 months. There have been a few attempts to bounce at technical ceilings along the way up from 4.0% 10yr yields (4.3%, 4.42%, and 4.75%). August has been mostly sideways near the longer-term highs, but the first two days of this…
U.S. Home Prices Rose 0.27% in July, Essentially Unchanged From a Month Earlier
U.S. home prices increased 0.27% month over month in July on a seasonally adjusted basis. That growth rate is essentially flat from 0.28% in June. Prices rose 3.4% from a year earlier, the fastest annual growth in a year. This is according to the Redfin Home Price Index (RHPI), which uses the repeat-sales pricing […]…
Cash buyer market share falling from pandemic highs
Total home sales fell 8.5% year-over-year, while the number of cash transactions dropped 11.2%
Cash Sales Fade as Housing Market Rebalances
In the full year 2025, 31.6% of home sales for the full year were all-cash, down slightly from 31.7% in 2024 and 33.2% in 2023, which was the highest level in a decade. Year-to-date in 2026 (January through April), the cash share sits at 31.4%, 0.9 percentage points below the same period in 2025. Cash sales remain…
Pending Home Sales Fall as Rates Reach Yearly High
Pending home sales fell 2.3% month over month and 2.2% year over year in July
Chicago’s Hottest Neighborhoods of 2026: Humboldt Park Gets Its Moment in the Sun
Humboldt Park, Huntley and Belmont Cragin are Chicago’s hottest neighborhoods of 2026. Chicago’s hottest neighborhoods offer a mix of affordability, space and access to popular amenities. Humboldt Park is Chicago’s hottest neighborhood of 2026, followed by Huntley and Belmont Cragin. Rank Neighborhood Zip Code Median…
The gap between permits and groundbreaking just got wider
New residential construction took a step back in July, down 12.4% for the month and 13.5% below the year-ago level. Monthly contraction came from both single family, down 9.9%, and multifamily, down 15.6%. However, the multifamily segment had a significant surge last month, so the double-digit drop isn't as concerning.
Tidalwave continues mortgage tech expansion, hiring Rebecca Frisbie and Zac Basile
Frisbie will lead mortgage platform efforts and Basile will run national sales
IMBs lift profits in Q2 as costs fall, volumes rise
Lenders reported an average pretax net production profit of $973 per loan
GoRascal adds Matador Lending in Texas mortgage push
Deal adds 50 Texas loan officers and a $200 million annual run rate to GoRascal