San Jose, California’s Median Home Price Hits $2 Million—a First for a U.S. Metro
Getty ImagesHome prices rose in nearly 90% of metropolitan markets in the U.S. in the second quarter, a 3% drop from the prior quarter, according to a report Tuesday from the National Association of Realtors.The median price for a single-family home, meanwhile, increased to $422,100, up 4.9% from th
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Joe Biden and Kamala Harris Pledge $100M in Housing Funding to Boost Construction, Affordability
David Paul Morris/Bloomberg via Getty ImagesThe White House has announced a number of new measures intended to spur the construction of more housing units and ease the affordability crisis for renters and homebuyers.The actions announced on Tuesday include $100 million in new community grants to ide
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Waterfall: Reverse MSR deal with Onity showcases commitment to reverse mortgages
Onity Group, parent company of top five reverse mortgage lender and servicer Liberty Reverse Mortgage, will acquire reverse mortgage assets from Mortgage Assets Management, LLC (MAM), a subsidiary of investment funds managed by Waterfall Asset Management.The deal, initially announced by Onity during
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ALTA responds to CFPB’s inquiry on mortgage fees
The American Land Title Association is making it clear that it won’t have the Consumer Financial Protection Bureau making drastic changes to title insurance without first at least hearing the trade groups thoughts on the issue.In a 15-page letter sent to CFPB Director Rohit Chopra on Aug. 2, the tra
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