Daily Dose

According to a new report from Auction.com, experts predict a possible 24% increase in foreclosure auction volume in 2023, after demand for distressed properties shifted lower over the last three quarters of 2022.

Dive into recent and upcoming Five Star Webinar Series entries from partner companies including Boston National Title, OrangeGrid, Sagent, and more.

“Housing affordability is the result of the tug-of-war between purchasing power, which is the product of household income and mortgage rates, and nominal house price growth,” said First American Economist Ksenia Potapov.

According to a new report from LendingTree, millennials surpass older and wealthier generations when it comes to homeownership, having dominated the housing market for the past decade.

Cyndi Danko, SVP and Single-Family Chief Credit Officer, Fannie Mae, said, “By providing mortgage assistance and long-term solutions for struggling homeowners, the 2022 STAR Program servicers have been essential partners in Fannie Mae’s journey to knock down housing barriers for people across the country.”

The share of homes valued over $1 million has more than doubled since 2015. Click through to find out where they’re located—and who is buying them.

Five Star will host a networking reception in Orlando Tuesday night, bringing together mortgage servicing professionals of all stripes. Here's what else is happening in The Week Ahead.

According to a new report from the Mortgage Bankers Association, the delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of nearly 4%.

“Single-family completions have outpaced housing starts since July 2022, and that will likely put some downward pressure on the numbers of single-family homes under construction in the months ahead,” said First American Deputy Chief Economist Odeta Kushi.

Ginnie Mae President Alanna McCargo said, “Ginnie Mae is responsive to the market conditions our counterparties face in the reverse mortgage segment. This step allows quicker path to HMBS securitization and supports issuer liquidity."