CoreLogic has released the CoreLogic Home Price Index (HPI) and HPI Forecast for August 2022, showing home prices nationwide —including distressed sales— increased year-over-year by 13.5%; the lowest year-over-year appreciation recorded since April 2021, partially reflecting cooling buyer demand due ...
Read More »Flood Risk Becoming More Prominent Industry Concern?
Areas with a higher risk of flooding are seeing an increase in the rate of mortgage application denials and withdrawals, while risks associated with other climate events are having little impact on mortgage lending in those areas.
Read More »HUD Makes Nearly $29M Available to Fight Housing Discrimination
Enforcing the nation’s fair housing laws and policies under the Fair Housing Act, HUD has announced that the most recent grants available will support fair housing education and outreach, testing, and enforcement activities through the Department’s Fair Housing Initiatives Program.
Read More »Op-Ed: ‘Inclusive and Accessible’ Homeownership for Everyone
Representatives Jim Himes (D-Conn.) and Gwen Moore (D-Wisc.) recently penned an open letter for Newsweek on how to make home ownership “inclusive and accessible for every American.” Himes, as the Chairman of the House Select Committee on Economic Disparity and ...
Read More »New Study Finds Majority of U.S. Markets Favor Sellers
The housing market continues to change as higher mortgage rates, rising inflation and economic uncertainty have sidelined many buyers. Meanwhile, according to this month's Knock Buyer-Seller Market Index, sellers have the upper hand remaining in most markets throughout the U.S. ...
Read More »U.S. Mortgage Delinquencies Continue to Decline
For the 16th consecutive month, mortgage delinquencies slid month-over-month in July, however continued inflationary concerns by homeowners is proving increasingly difficult for them to make their monthly mortgage payment.
Read More »HUD Assists Florida Victims of Hurricane Ian
President Biden has issued a major disaster declaration for several Florida counties, after an estimated $22-$32 billion in wind losses for residential and commercial properties due to Hurricane Ian.
Read More »The Week Ahead: The State of the Subservicing Sector
The Five Star Institute and PHH Mortgage will present a webinar addressing the state of the MSR market, and what lies ahead in 2023 for lenders and the subservicing sector.
Read More »Recent HUD, Census Bureau Survey Provides Insight on Housing
According to the new 2021 American Housing Survey released by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau, in general, 2020 and 2021 were good for homeowners but presented challenges for many renters. Every ...
Read More »A Guiding Light for Borrowers in Forbearance
John Vella, Chief Revenue Officer of Selene Finance LP, sits down with DS News to discuss the state of the servicing sector, as well as lessons learned from listening and working with borrowers on the path to a successful resolution of their forbearance plans.
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