The Supplemental Consumer Information Form is used during the mortgage application process, allowing borrowers to voluntarily identify language preferences and provide information on housing counseling and homeownership education they may have received.
Read More »Share of Million-Dollar Homes Rising
While relatively uncommon in most of the U.S., the share of million-dollar homes is growing at a moderate pace. A new analysis from LendingTree reveals which metros have the highest share of million-dollar properties.
Read More »Rents in Western Metros Cooling Faster Than Other Regions
The median rent in the West remains 3% lower than a year ago and is projected to decline further, while rents in Midwest markets continue to see faster growth due to greater affordability, according to Realtor.com's May 2023 Rental Report.
Read More »Potential Home Savings Driving More Californians to Texas
An estimated 300 people a day moved from California to Texas in 2021, and the popular migration route is becoming even more crowded, according to a new analysis from StorageCafe.
Read More »Fannie Mae Executes CIRT Transactions on $26.6B of Single-Family Loans
"We appreciate the continued support of the 21 insurers and reinsurers that have committed to write coverage for these deals," said Rob Schaefer, Fannie Mae VP, Capital Markets.
Read More »‘Hot’ Spring Homebuying Season Doesn’t Live Up to Expectations
Spring is typically a busy homebuying season, but new listings of homes for sale are down 24% from a year ago, according to a new report from Redfin. The total number of homes for sale is also down nearly 10%, representing the biggest drop in over a year.
Read More »The Best U.S. Cities for Raising a Family in 2023
A new study from WalletHub revealed which cities throughout the nation are ranked the best and worst places to raise a family, with half of the top 10 best areas located in California, while Midwestern cities like Detroit and Cleveland came in last.
Read More »Housing Market Potential Increased Modestly in May
"Our Potential Home Sales Model increased modestly in May, but is still down 5.7% from a year ago,” said Mark Fleming, Chief Economist at First American. “The primary factor limiting housing market potential is existing homeowners staying put."
Read More »Better Together: The Importance of a Diverse and Inclusive Workforce
Experts discuss the importance of D&I strategies in the workforce, in business, and throughout the mortgage industry, highlighting the strategies utilized to promote equity in the U.S. housing system for renters and homeowners nationwide.
Read More »Bridging the Racial Homeownership Gap
While racial disparities in homeownership are at their highest level in 50 years, closing the Black-white homeownership gap in the U.S. will take adding nearly five million African American homeowners, according to the U.S. Department of Housing and Urban Development.
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