California’s Assembly Bill 2747, set to take effect on April 1, 2025, is on track to transform how renters‘ credit histories are built. The bill, which Governor Gavin Newsom signed into law last year, requires landlords to offer tenants the option to have their on-time rent payments reported to credit bureaus. This change addresses a…
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Loan locks for refinances rose more than 20% year over year while purchase lock counts saw a 6% decrease, according to Optimal Blue‘s January 2025 Market Advantage mortgage data report released Thursday. Purchase lock volume climbed 16% from December, but year-over-year counts – which control for home-price appreciation – were down 6%. That marked the…
The overall defect rate for mortgages declined across all loan types between the second and third quarters of 2024. But errors related specifically to insurance increased significantly, growing to 3.03% of all defects, according to a report released Thursday by ACES Quality Management. ACES releases a quarterly report that uses post-closing quality control data that’s…
This week’s properties are a four-bedroom in New Canaan, Conn., and a six-bedroom in Syosset, N.Y.