According to the latest Quarterly Mortgage Bankers Performance Report, IMBs and mortgage subsidiaries of chartered banks reported a net loss of $624 on each loan they originated in Q3 of 2022, down from a reported loss of $82 per loan in Q2 of 2022.
Read More »Banner Year for Most Expensive ZIP Codes
This year shattered records across the board; so much so that 14 ZIP codes now have average median property values of $4 million.
Read More »Fannie Mae Completes Final CIRT of the Year
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 »The Front Lines of Property Preservation
DS News speaks to property preservation experts about how they’re navigating economic challenges, a shifting industry landscape, and an exodus of vendor partners as they attempt to maintain strong boots-on-the-ground service.
Read More »Webinar Spotlight: Experts Discuss Servicing, Loss Mit, and More
Five Star gives thanks for the subject-matter experts who have headlined our 2022 lineup of webinars. Check out some of the recent highlights.
Read More »October Pending Home Sales Took Biggest Monthly Tumble Since 2013
As housing deal cancellations and home price cuts hit record highs, new data from Redfin's latest market analysis showed pending sales dropped 32% year-over-year in October, marking the largest decline since 2013.
Read More »California Court of Appeals Invalidates Default Interest Provision
Most courts inherently do not like default interest because they see it as an improper “penalty.” Attorney T. Robert Finlay examines what the First District of the California Court of Appeals recently found in a recent case.
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.
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