Real estate fraud becomes growing problem in Tennessee
Last year, legislators passed a bill requiring the Tennessee Advisory Commission on Intergovernmental Relations (TACIR) to study real estate fraud in the state and make legislative suggestions to address the issue. According to TACIR's draft report, 185 dwellings in 50 Tennessee counties were stolen from 2019 to 2024, and reports of identity fraud for loans and leases increased from around 2,200 in 2022 to more than 2,800 last year.
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Fidelity National, FHFA announce collaboration on 'innovative title solutions'
Fidelity National Financial (FNF) and the Federal Housing Finance Agency (FHFA) have agreed to collaborate on "innovative title insurance solutions," news that was first shared on social media by FHFA Director Bill Pulte. "I had great conversations with industry today, including the CEO of Fidelity National Title," Pulte wrote in a July 11 post on X. "We will be collaborating with Fidelity, as we do with all willing industry participants."
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The 'lock-in effect' is making it harder to buy a home-even if mortgage rates fall
"Americans who bought homes at pre-2021 prices and pre-2022 mortgage rates face sticker shock when they look at today's housing market," he tells CNBC Make It. "Home prices are at record highs and mortgage rates are also much higher. That combination is creating a reluctance to do anything."
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The housing market is sending a stark warning to the U.S. economy, Moody's economist says
With home sales sluggish, and home building and house prices poised to plummet too, Mark Zandi, chief economist of Moody's Analytics, says he's sending up a "red flare" about the state of the housing market. "Housing will . soon be a full-blown headwind to broader economic growth," he wrote in a post on X and LinkedIn, "adding to the growing list of reasons to be worried about the economy's prospects later this year and early next."
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