Despite the struggles faced by the overall housing market, luxury second home mortgage rate locks remained 152% above their pre-pandemic level in Q3 of 2019, with remote workers continuing to lead the charge.
Read More »Concern Over Climate Risk Factoring Heavily Into Home Relocation Plans
A new analysis by Redfin has found that 62% of those planning to buy or sell a home are reluctant to relocate to a place at risk of natural disasters.
Read More »New Hurricane Ian Damage Estimates Rise to $41B-$70B Range
CoreLogic’s latest examination of total flood and wind losses increases in the aftermath of Hurricane Ian, as uninsured residential flood loss alone is estimated in the $10-$17 billion territory.
Read More »Black Knight Launches Suite of Climate Risk Solutions
New offering will help identify properties impacted by natural disasters, while mitigating portfolio risk from future climate-related events.
Read More »HUD Report Examines Barriers to Small-Balance Mortgages
Loan origination and servicing costs per loan have risen over time, as a new HUD study examines the impact of these factors on affordable homeownership for those interested in lower-priced homes.
Read More »James Curl Tapped as Xome’s New CTO
Online real estate auction marketplace adds 15-plus-year industry veteran to lead tech initiatives to create and source transformative technology solutions.
Read More »Flood Risk Becoming More Prominent Industry Concern?
Areas with a higher risk of flooding are seeing an increase in the rate of mortgage application denials and withdrawals, while risks associated with other climate events are having little impact on mortgage lending in those areas.
Read More »U.S. Mortgage Delinquencies Continue to Decline
For the 16th consecutive month, mortgage delinquencies slid month-over-month in July, however continued inflationary concerns by homeowners is proving increasingly difficult for them to make their monthly mortgage payment.
Read More »HUD Assists Florida Victims of Hurricane Ian
President Biden has issued a major disaster declaration for several Florida counties, after an estimated $22-$32 billion in wind losses for residential and commercial properties due to Hurricane Ian.
Read More »The Week Ahead: The State of the Subservicing Sector
The Five Star Institute and PHH Mortgage will present a webinar addressing the state of the MSR market, and what lies ahead in 2023 for lenders and the subservicing sector.
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