States Get Framework for Regulating Non-Bank Servicers

The Board of Directors of the Conference of State Bank Supervisors (CSBS) has released model state regulatory prudential standards for nonbank mortgage servicers. CSBS is the national organization of bank regulators from all 50 states, the District of Columbia, and...

COVID Concerns Drive Rates Lower, Refi Volume Rises

Refinancing continues to support mortgage application activity while purchase applications continued to weaken during the week ended July 23. The Mortgage Bankers Association (MBA) says its Market Composite Index, a measure of mortgage loan application volume,...

Homeownership Rates Fall Across the Board

The U.S. Census Bureau says the nation’s Homeownership Rate was at 65.4 percent in the second quarter of 2021. This is down from both the previous quarter’s 65.6 percent, and a year earlier when it was reported at 67.9 percent. However, the Bureau...

Realtors Report on Foreign Purchases of US Homes

The National Association of Realtors® (NAR) reports that there was a fourth consecutive year-over-year decline in the rate of investment in U.S. real estate by international buyers. In the 12 month period that ended on March 31 those buyers purchased 107,000...