The Austin metro area added the most new homes in 2023, with 37 new housing units authorized per 1,000 existing homes. https://www.nationalmortgagenews.com/list/10-cities-building-the-most-and-the-fewest-new-homes
NextGenMortgage
U.S. Treasury says it was breached by Chinese-backed hacker
The department was notified December 8 by third-party software provider BeyondTrust that a hacker had gained access through a tech support service. https://www.nationalmortgagenews.com/articles/u-s-treasury-says-it-was-breached-by-chinese-backed-hacker
CFPB sues Berkshire Hathaway company Vanderbilt Mortgage
The manufactured home loan lender, a unit of Berkshire Hathaway subsidiary Clayton Homes, was accused of ignoring red flags that sent many borrowers into bankruptcy, default and ultimately out of their homes....
Biden signs spending deal that averts a government shutdown
The legislation went to Biden early Saturday morning after the Senate voted 85 to 11 to approve the measure, which sailed through the House hours earlier. https://www.nationalmortgagenews.com/articles/biden-signs-spending-deal-that-averts-a-government-shutdown
Unpacking the drivers and costs of GSE repurchase demands
The average cost for a loan seller to buy back a mortgage from Fannie Mae or Freddie Mac for defects is over $32,000, a study from Reggora and Stratmor found. https://www.nationalmortgagenews.com/news/the-leading-drivers-and-costs-of-gse-repurchase-requests