NAR runs out of liability insurance coverage: Sources

Three sources, who have asked to remain anonymous, have confirmed to HousingWire that the National Association of Realtors (NAR) has run out of liability insurance funds. The news about NAR’s insurance predicament began circulating late Wednesday, with industry analyst Rob Hahn highlighting the news
Read MoreCalifornia judge bans ‘sham mortgage relief operation,’ issues $19M penalty

A judge in the U.S. District Court for the Central District of California has ordered that the operators of Home Matters USA — described as a “mortgage relief scam” by the Federal Trade Commission (FTC) and the California Department of Financial Protection and Innovation (DFPI) — be banned from the
Read MoreThe apartment boom is officially dead, but single-family housing is holding up

Today, housing starts fell more than anticipated, but the more important story in today’s report is that even though the apartment boom is dead, single-family permits are rising.The U.S. housing apartment boom ran into higher mortgage rates and more supply faster than anticipated, while single-famil
Read MoreDemand rose in January for new home purchases: MBA

Mortgage applications for new homes surged in January as a lack of existing homes continued to fuel the demand for new construction.Mortgage applications for new home purchases rose 19.1% in January on a year-over-year basis, the 12th consecutive month with an annual increase. Applications were up 3
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