As we enter wildfire season in much of the country, Realtor.com announced that it is the first major real estate site to add property-specific wildfire risk information to for-sale and off-market homes free of cost. An estimated one in five single ...
Read More »Fannie Mae Executes $21B CIRT on Single-Family Loans
Fannie Mae announced the execution of its fifth Credit Insurance Risk Transfer (CIRT) transaction of 2022 in the amount of $21 billion. Effective April 1, Fannie Mae will retain risk for the first 65 basis points of loss on the ...
Read More »SFR Return on Investment Drops as Home Prices Spike
ATTOM Data Solutions, a real estate data company, released its new Single-Family Rental Market Report which shows that profit margins on three-bedroom single-family home rentals (SFR) have been declining on a year-over-year basis throughout 2022 across much of the U.S. Areas ...
Read More »CFPB Issues New Interpretive Rule
The Consumer Financial Protection Bureau (CFPB) has issued a new interpretive rule that describes individual states’ authorities to pursue lawbreaking companies and individuals that violate the provisions of federal consumer financial protection law. This announcement is part of the CFPB’s ...
Read More »More Than Half of Investors Believe the Housing Market is Overvalued
Auction.com finds that 55% of buyers believe their local market is overvalued and soon expect a market correction.
Read More »Fannie Mae Downgrades Housing, Origination Forecast
In their latest forecast, Fannie Mae’s Economic and Strategic Group (ESR) has downgraded its GDP projections along with home sales and mortgage originations due to the current state of the economy. Fannie Mae now predicts that real GDP growth measured on ...
Read More »Uncovering the True Cost of Mortgage Fraud
LexisNexis has released its first True Cost of Fraud for Real Estate study which examines fraud trends for the United States based on the answers of 360 risk and fraud management executives which found that mortgage lenders are especially vulnerable through online ...
Read More »Potential Home Sales Decrease on Monthly, Yearly Basis
First American Financial Corporation has released their latest iteration of the proprietary Potential Home Sales Model (PHSM) for April 2022 and found that potential existing-home sales decreased to a 5.74 million seasonally adjusted annualized rate (SAAR), a 3.0% month-over-month decrease. ...
Read More »Homeowners Continue to Face Challenges After the Pandemic
“While many mortgage servicers are successfully assisting borrowers to avoid foreclosure, today's report highlights that some servicers are lagging their peers and are less well-equipped to assist borrowers who have exited pandemic housing protections,” said Rohit Chopra, CFPB Director.
Read More »President Biden Announces Housing Supply Action Plan
Record high home prices pushed up by record low levels has been a persistent problem over the past year or so and relief seems farfetched in the short term. To combat this, the Biden-Harris Administration has announced a plan to ...
Read More »