According to Black Knight, the number of serious delinquencies (90-days or more past due) dropped to 471,000 units, the lowest reported since August 2006, a 27% year-over-year drop.
Read More »Economic Pessimism Forcing Lenders to Prioritize Cost-Cutting Measures
Mortgage lenders cited "cost-cutting" as their most important business priority for the second year in a row, according to Fannie Mae's latest Mortgage Lender Sentiment Survey.
Read More »Banks to Combine Adverse Climate Scenarios and Market-Recognized Metrics
In a first for American financial institutions, large banks must report their exposure to climate change by July 31.
Read More »Purchase Apps Down 21% YoY
High mortgage rates have pushed monthly mortgage payments to a record $2,656, as slightly lower rates may escalate competition for the limited number of homes available and push up prices for the foreseeable future.
Read More »HUD Receives High Marks From the SBA
“This achievement demonstrates HUD's commitment to partnering with small businesses and ensuring meaningful opportunities for the small business community to build America’s economy,” said HUD Secretary Marcia L. Fudge.
Read More »June’s Private Housing Building Permits Drop by 3.7%
HUD and the Census Bureau report that privately-owned housing units recorded an annual rate of 1,440,000 units in June, down from 922,000 reported year-over-year.
Read More »Homes Changing Hands at Slowest Pace in a Decade
The pandemic homebuying blitz between 2020 and 2021 has lowered the number of home sales nationwide to a decade-low of 14 in every 1,000 homes.
Read More »2023’s Top Cities Prime for Real Estate Investment
A new study from Doorloop found that Nashville leads the list of top U.S. cities targeted by housing investors, as the Music City is projected to experience 19% growth in home prices over the next 12 months.
Read More »Home Insurers Continue to Grapple With Changes in Weather Patterns
As population growth in catastrophe-prone regions such as Florida, California, and Texas continues, the geographic concentration risk that insurers face continues to compound, according to a new CoreLogic analysis.
Read More »Inventory Drops as Homes Sell for Near Record Highs
A record low number of homes for sale have propped up prices, increasing the average home sales price to near record highs.
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