RE/MAX has released its National Housing Report for May 2022, and although May is deemed one of the most active months of the year for home sales, closings in May 2022 were 8.5% lower than the prior year. However, rates ...
Read More »Mitchell Sandler Announces Appointment of Liana Prieto as Partner
Mitchell Sandler is excited to announce the addition of Liana Prieto as a partner. Liana brings over 15 years of experience in financial services in both the private and public sectors to Mitchell Sandler, where she will continue to serve as a trusted ...
Read More »Consumer Celebrity Knowledge Outpaces Understanding of Real Estate Basics
New data shows Americans are as baffled by how real estate works as they are about cryptocurrency. According to a new Zillow survey, the study finds most Americans know more about celebrity love lives, the Kardashians, and the NFL than ...
Read More »Investor Impact: Marketshare Shifts in Q1
The number of homes purchased by real estate investors in the first quarter declined 11.5% from Q4 of 2021 and 16.5% from Q3 of 2021, when investor purchases hit a record high, according to a new report from Redfin. Still, ...
Read More »Foreclosure Update: The “Slow, Steady Climb Back to Normal”
ATTOM has released the 2022 U.S. Foreclosure Market Report for May, showing there were a total of 30,881 U.S. properties with foreclosure filings —default notices, scheduled auctions, or bank repossessions— up 1% from a month ago, but up 185% from ...
Read More »Fannie Mae Executes CIRT Transaction on $19B of Single-Family Loans
Fannie Mae announced that it has executed its sixth Credit Insurance Risk Transfer (CIRT) transaction of 2022. As part of Fannie Mae's ongoing effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market, CIRT ...
Read More »Calmer Market Means More Options for Those Seeking Homes
As rising inflation and mortgage rates bring U.S. housing demand back from the chaos of 2021, Realtor.com's updated 2022 forecast predicts inventory will grow double-digits over 2021, offering buyers a better-than-expected chance to find a home. New data finds that ...
Read More »HUD Expands Housing Counseling Locator Tools
The Department’s new offerings will assist in accessing quality housing counseling services for those seeking assistance from a HUD-approved housing counseling agency.
Read More »Home Prices Up Nearly 21% Nationwide
Home prices have increased for the 123rd consecutive month, with newfound buyer urgency as a primary driver for 70% of U.S. homes selling for more than asking price this spring.
Read More »Webinar Spotlight: Mortgage Servicing, Increasing Control and Efficiency
A recent Five Star/Messagepoint webinar discussed how redirecting the borrower communication process can reduce cycle times and costs, and deliver an enhanced borrower experience.
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