This week, the leading indicator of price reductions is more bearish for home prices. The share of homes on the market with price reductions ticked up this week, which is unusual this early in the season. Potential home sellers notice weak demand, fewer offers and price reductions, prompting them to back away from the market….
"2025" Archives
Archive page
As Los Angeles County continues to pick up the pieces from the devastation caused by the Palisades and Eaton wildfires, some in the community are losing patience with what had previously been a quirk of the sought-after housing market: unscathed homes in impacted areas sitting vacant, owned by foreign nationals thousands of miles away. According…
The recent developments surrounding the Consumer Financial Protection Bureau (CFPB) have left many in the mortgage industry wondering what comes next. With Acting Director Russell Vought halting all rulemaking, enforcement actions and examinations, some may be tempted to believe that the regulatory burden on Independent Mortgage Banks (IMBs) is lifting. However, this assumption is dangerous….
A California jury on Friday dismissed the final headline-grabbing claims former loanDepot chief operating officer Tammy Richards made against the lender in 2021. Richards filed a lawsuit in September 2021 alleging that she was discriminated against by the lender, its former CEO Anthony Hsieh and former general counsel Peter Macdonald after blowing the whistle on what she…