In executing its 11th Credit Insurance Risk Transfer transaction of 2022 for $343 million, the GSE continues its effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market.
Read More »Investor Home Sales Slide in Q3
Redfin reports investor home purchases dropped 30% in Q3 2022, the largest decline reported since the Great Recession aside from Q2 2020, at the outset of the pandemic.
Read More »Freddie Mac Reports Impact of Single-Family Green MBS Issuance
According to the GSE, in 2021 Freddie Mac’s Single-Family Green MBS Issuance totaled $617 million of bonds, backed by 2,454 Freddie Mac GreenCHOICE Mortgage refi loans.
Read More »Natural Disaster Impacts on Consumer Behavior and Home Prices
A new report from Realtor.com found that cumulative price growth of low-risk homes consistently outperformed the rate of high-risk homes, suggesting that flood risks are increasingly reflected in housing prices.
Read More »Forbearance Volume Rises for First Time in 29 Months
The impact of Hurricane Ian in the Southeast U.S. forced the share of mortgage loans in forbearance slightly upward in October, as an approximately 350,000 U.S. homeowners are now in forbearance plans.
Read More »Nayda McKain Promoted by Cenlar to VP, Human Resources
Former Fannie Mae Chief of Staff is promoted by Cenlar to help drive organizational change, employee engagement, process improvements, and business continuity within the subservicer.
Read More »HUD Reaffirms Its Efforts on Climate Change
HUD Secretary Marcia L. Fudge and Deputy Secretary Adrianne Todman addressed the 27th U.N. Climate Conference to discuss the Department’s climate action plan through improving efficient and resilient building standards.
Read More »Share of Distressed Home Sales Shrinks in October
Distressed sales, including foreclosures and short sales, comprised just 1% of home sales in October 2002 according to new NAR data, down from 2% in September.
Read More »Fixed-Rate Mortgages Take 47-Basis Point Dive
With news that inflation may have peaked, Freddie Mac reports that the fixed-rate mortgage fell below the 7% mark, leading to a slight rise in overall mortgage app volume for the week.
Read More »CFPB Calls Out Servicers for Violations of the Fair Credit Reporting Act
In the Bureau’s Fall 2022 report, some mortgage servicers were cited for violations of federal law by charging sizable phone payment fees and for charging consumers fees while they were in CARES Act forbearances.
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