Democratic lawmakers in both the U.S. House of Representatives and the U.S. Senate have introduced bills in their respective chambers designed to ban hedge funds from participating in the single-family housing market, citing supply and affordability challenges as justification.First reported by the

Redfin launched Redfin Redesign, an AI-powered tool for home photos, the company announced on Thursday. The new product allows homebuyers to make changes to the interior of a house in listing photos. This tool uses technology from Roomvo, a home design visualization platform.The tool empowers prospe

Incenter Mortgage Advisors (IMA) has rebranded and changed its leadership to reflect the offering of a broader set of capital markets services. The company, which helped organize over $2 trillion in mortgage-servicing rights (MSRs), changed its brand name to Incenter Capital Advisors. It will emphas

Mortgage rates continued their downward trajectory this week as the 10-year Treasury yield dropped below 4.2% for the first time since September, according to new data from Freddie Mac.The 30-year, fixed mortgage rate averaged 7.03% for the week ending Dec. 7, according to Freddie Mac‘s Primary Mort