Prices nationally rose 5.5% from a year earlier, according to data from S&P CoreLogic Case-Shiller. https://www.nationalmortgagenews.com/articles/home-price-growth-accelerates-as-buyer-demand-picks-up
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What mortgage borrowers complained about most last year
The Consumer Financial Protection Bureau received nearly 28,000 mortgage-related consumer grievances in 2023, the regulator said. https://www.nationalmortgagenews.com/news/what-mortgage-borrowers-complained-to-cfpb-about-last-year
Mortgage application volumes increase for second straight week
A greater number of refinances, particularly in the government market, led overall volumes higher, the Mortgage Bankers Association said. https://www.nationalmortgagenews.com/news/mortgage-application-volumes-increase-for-second-straight-week
Better reshapes LO comp as its losses shrink
The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance. https://www.nationalmortgagenews.com/news/better-com-pivots-loan-officer-compensation-after-q4-loss
Biden’s speech elicits mixed reaction from housing industry
Regulatory reform – rather than Biden's proposed solutions – is needed to fix the inventory crisis, some say, but others applauded the president's buyer cost-cutting initiatives. https://www.nationalmortgagenews.com/news/bidens-speech-elicits-mixed-reaction-from-housing-industry