Are housing permits showing recession risk?

On a recent HousingWire Daily podcast, I explored the question of whether construction labor was finally showing a recession risk. Today’s housing starts data has further solidified this trend, which we’ve been tracking for several months: construction labor is at risk, serving as a potent leading i
Read MoreFederal regulators approve final rule for AVM usage

On Thursday, two U.S. regulators — the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corp. (FDIC) — announced their approval of a final rule imposing quality control standards for automated valuation models (AVMs) used by mortgage originators and secondary market
Read MoreFinance of America takes action in move to raise stock price

Finance of America (FOA), the leading U.S. reverse mortgage lender, has received shareholder approval upon recommendation of its board to perform a reverse stock split at a 10-to-1 ratio in a move designed to boost the company’s stock price. This is according to a company filing with the Securities
Read MoreMoratis commission lawsuit plaintiffs take aim at NAR settlement in latest filing

The plaintiffs in the Moratis commission lawsuit (formerly known as the Spring Way suit) took issue with the nationwide commission lawsuit settlement agreement reached by the National Association of Realtors (NAR).On Wednesday, West Penn MLS, a defendant in the Moratis suit, filed a motion to stay t
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