Daily Dose

According to the MBA, continued challenges in the commercial real estate sector have pushed the delinquency rate on CRE-backed loans higher in the final quarter of 2023.

Empty-nest baby boomers own twice as many large U.S. homes as millennial parents living with children, a new Redfin report showed, as nearly half of all boomers are now living mortgage-free, with no motivation to sell in such a volatile market.

Due to continued liquidity constraints in the reverse mortgage space, Ginnie Mae has begun exploring a new securitization product that would accept HECM loans with balances above 98% of FHA’s Maximum Claim Amount.

According to the Federal Housing Finance Agency, a new report revealed that appraisers underutilize time adjustments for local house price growth, but what does this mean for the industry?

While mortgage rates have moderated, housing market challenges such as affordability and rising home prices continue to hinder homebuyers nationwide.

The number of homeowners with relatively low rates has fallen because many have given up on waiting to move until rates fall, and everyone who did so had to take out a rate at above 6%.

Home prices are increasing in some states, as potential homebuyers are finding it harder to find affordable homes within their budgets, according to a new study from the New Jersey Real Estate Network.

Housing affordability remains a chief concern, even as renters see slightly improved conditions.

McCalla Raymer Leibert Pierce announced that it has established a new office in Philadelphia, in addition to industry experts Lisa Lee and Judi Romano joining the firm, offering residential and commercial foreclosure, litigation, bankruptcy, eviction, and REO services across the state.

The U.S. Department of Housing and Urban Development’s Office of Housing Counseling revealed that the millions in available grants will help expand housing counseling services and provide comprehensive financial literacy, homeownership, and affordable housing support to underserved communities.