According to the MBA, the share of mortgage loans in forbearance decreased to 0.26% nationwide in November, with roughly 70% of loan workouts initiated since 2020 classified as current.
Read More »Not Since 1981 Has Mortgage Affordability Been This Bad
It’s been decades since mortgage affordability has been this bad, leaving some people to give up hope in the American Dream.
Read More »Lawmakers Seek Improved Consumer Protections From CFPB
Sen. Elizabeth Warren and Rep. Hank Johnson are leading a coalition of 90 lawmakers in requesting increased protections by the Bureau on forced arbitration for financial products and services.
Read More »What International Markets Are American Real Estate Investors Targeting?
A new survey of U.S. real estate investors uncovers the top international markets sought after for their beaches, city properties, good healthcare, and safety.
Read More »Potential Home Sales Experience Largest Monthly Growth in a Year
Mortgage applications climbed in November, but will home sales accelerate throughout the end of the year? Mark Fleming, Chief Economist at First American, details the state of existing-home sales and more market predictions.
Read More »Examining Title Insurance, Settlement Services, and Life-of-Loan Costs
A new study found that, in the grand scheme of things, the cost of title insurance and related services make up such a minute amount of the cost of a life of a loan, they are statistically insignificant.
Read More »Pending Home Sales Surge, But Closed Sales Lag Behind
In November, new listings jumped to their highest level since October 2022, while home prices also posted its biggest increase since the same time last year. Pending home sales also continued to rise, but many home purchases fell through at a record rate as some homebuyers got cold feet, according to a new Redfin report.
Read More »Report Spotlights Lending Inequities at Navy Federal Credit Union
The nation’s largest credit union—Navy Federal—has been found to have “the widest disparity in mortgage approval rates between White and Black borrowers of any major lender,” according to a CNN study of CFPB lending data.
Read More »Cultivating Leadership in the Servicing Sector
James Braxton of Servbank explains how investing in your own workforce will produce better leadership and enhance the overall customer experience.
Read More »Senate Measure Aims to Prevent Sale of Trigger Leads
Sens. Jack Reed and Bill Hagerty have introduced the bipartisan Homebuyers Privacy Protection Act, a bill that would end the sale of residential mortgage applicant information by credit reporting agencies.
Read More »