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FHA walks back Biden-era restrictions on foreclosed property sales

Housing Wire

In walking back policies designed to boost participation in foreclosed property sales for nonprofit and government bodies, the Federal Housing Administration (FHA) said that policies put in place in 2022 that restrict certain sales to these entities for a 30-day period have produced mixed results at best and will now be rescinded.

Sales 410
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Why did existing home sales grow with higher mortgage rates?

Housing Wire

Some people might have been surprised by existing home sales growth for the last two months, but they would have known what was happening if they followed our weekly Housing Market Tracker data. On a year-over-year basis, the NAR median sales price index has been growing higher for three months in row. million in November.

Sales 472
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FHFA data on non-performing loan sales reflects fewer delinquencies since pandemic

Housing Wire

The Federal Housing Finance Agency (FHFA) on Tuesday released an update about the sales of non-performing loans (NPLs) through the government-sponsored enterprises (GSEs), saying the data has shown a steady drop in mortgage delinquencies since the start of COVID-19 pandemic.

Loans 383
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Trapped by design: Why America’s housing market is stuck — and what the rest of the world can teach us

Housing Wire

Existing home sales have hit multi-decade lows. The core insight: a well-designed financial product can serve both borrowers and lenders without creating systemic friction. In todays environment, that design is becoming a liability. Its a design problem. And design problems demand design solutions.

Design 228
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Luxury Presence releases hub for off-market home sales

Housing Wire

Luxury Presence has introduced Private Listings Hub, an invitation-only platform designed to help real estate agents promote off-market and pre-market listings with greater control and discretion.

Sales 215
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Prudent AI launches one-touch pre-qualification platform

Housing Wire

Prudent AI on Monday announced the launch of Prudent AI Upfront, a one-touch pre-qualification platform designed to improve lender sales funnels. The company claims the product is the mortgage industry’s first of its kind and allows lenders to process more applications, reduce fallout and capture more business.

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Two maps that show where the housing market is struggling

Housing Wire

Existing-home sales are hovering around 4 million and many markets that are typically fruitful for homebuilders have stalled. All of the cities in these two states that JBREC disclosed a grade for are now designated as slow. But heading into the summer, that optimism has largely faded. The rest are graded as “slow.”

Marketing 443