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Supply constraints contributed to a yearly decline in new-home applications but helped push the average loan amount to another record in January, the Mortgage Bankers Association reported. Applications for new single-family homes fell 12.5%…
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The National Fair Housing Alliance created a framework designed to audit algorithmic decision making tools, which in the mortgage industry includes the use of credit scores, automated underwriting and risk-based pricing. Named Purpose,…
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A critical lack of single-family homes for sale has created the fastest, priciest housing market on record, with home prices, mortgage payments and other sales metrics reaching all-time highs, a Redfin report revealed. Homebuyers had an…
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