Daily Dose

Oregon, Washington State, and higher-priced areas of the country are absorbing a larger share of recent market declines based on data from Q1 2023, while other lower-priced areas show less impact from the recent downturn.

Ginnie has extended the use of electronic signatures in conjunction with Remote Online Notarization to include power of attorney mortgage documents. Click through to read the details.

The Five Star Institute, in partnership with SWBC, recently presented a webinar discussing a number of factors facing the U.S. economy and the current mortgage marketplace, and what’s in store for the industry for the remainder of 2023.

According to a new report from Redfin, over 92% of homeowners with mortgages have rates below the current weekly average of 6.71%, which is near the highest level in over 20 years—prompting many potential home sellers to stay put.

For the first time in 15 months, the Federal Reserve's Federal Open Market Committee moved to hold the nominal interest rate steady at a range of 5.00% to 5.25%.

Multi-language translations of single-family mortgage documents in Chinese, Korean, Spanish, Tagalog, and Vietnamese are now available for lenders and servicers when working with borrowers with limited English proficiency.

A new analysis from industry veteran Don Layton details the controversy surrounding how the Federal Housing Finance Agency has changed the specific amounts by which Fannie Mae and Freddie Mac risk-adjust the interest rates at which they purchase mortgage loans.

According to a new survey from LendingTree, some 63% of homebuyers have negotiated their purchase price in hopes of saving money, while just 39% negotiated the mortgage or refinance rate despite the likelihood of a better deal.

Most property managers are not reporting payments to the three credit bureaus, and a survey found that reporting this data would likely boost on-time payments as well.

With millions of properties exposed to risks including wildfires, flooding, hurricanes, and earthquakes, the Federal Reserve Board is looking to ensure that financial institutions are appropriately managing all material risks related to climate change.