Market Datavs. 1 year ago
30-year mortgage7.40%▲ +1.13 pts15-year mortgage6.71%▲ +1.19 pts10-year Treasury5.15%▲ +1.15 ptsMortgage spread2.25 pts▼ -0.02 ptsMedian list price (Sep)$419k▼ -1.4%List $/sqft (Sep)$223▼ -1.3%Days on market (Sep)61▼ -1 daysActive listings (Sep)1.16M▲ +5.4%New listings (Sep)395k▼ -0.7%Pending sales (Sep)423k▼ -4.1%Housing starts (Sep)1.22M▼ -7.4%Building permits (Sep)1.4M▼ -3.0%New-home sales (Aug)684k▼ -2.0%Existing-home sales (Sep)3.99M▼ -2.2%Months of supply (Aug)8.5 +0.0 moMortgage delinquency (Q2)1.86%▲ +0.08 pts
Updated 1:40 AM ET

NewRez to Pay $15.5 Million in Multistate Settlement Over Force-Placed Insurance Charges

Exterior of a suburban single-family home, illustrating a mortgage servicing dispute over homeowners insurance charges.

Mortgage servicer NewRez LLC will pay $15.5 million to resolve a multistate examination that found the company improperly charged force-placed insurance to more than 4,200 borrowers nationwide who already had active homeowners insurance policies, the Arkansas Securities Department announced August 12. Force-placed insurance is coverage a mortgage servicer buys on a borrower’s behalf, at the … Read more

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