According to Redfin's latest market analysis, some 44.6% of home offers written by Redfin agents nationwide faced competition on a seasonally adjusted basis in August, the lowest bidding-war rate since the beginning of the pandemic when the housing market nearly ...
Read More »HUD Awards $1.4M for Disaster Recovery Research
Under the Fiscal Year Notice of Funding Opportunity, HUD has pledged $1.4 million to The Urban Institute and Horne, LLP to assist low-income renters and communities impacted by disasters.
Read More »CFPB Seeks to Expand Homebuyer Options
The Consumer Financial Protection Bureau (CFPB) is asking for public input on ways to spur new mortgage products that help households. The CFPB seeks insights on ways to improve mortgage refinances for homeowners who would benefit from refinancing, especially for ...
Read More »Q2 Profits on Home Flips Hit New High
Fix-and-flip investors enjoyed another strong quarter in Q2, as the total number of properties flipped nationwide was the second-highest ATTOM recorded over the past 22 years.
Read More »Studio Apartment Prices Lead Rent Charge
As prices on everything increase across the board, more and more are turning to renting—either by circumstance or by choice. Renting has traditionally been the cheaper option for those looking for housing, but as housing prices started their charge upwards ...
Read More »Asian, Black, and White Hispanic Borrower’s Purchase Loan Shares Increase
The Consumer Financial Protection Bureau (CFPB) has released its annual report on residential mortgage lending activity and trends for 2021. The report’s data are submitted by thousands of the nation’s lending institutions under the Home Mortgage Disclosure Act (HMDA). The ...
Read More »The Industry’s Regulatory Concerns Addressed at LL 100 Fall Servicer Summit
On Monday, the Five Star Conference & Expo kicked off its second day of programming with the annual Legal League 100 Fall Servicer Summit for members, associate members, and mortgage industry professionals which features multiple panels and collaborative discussions regarding ...
Read More »Ginnie Mae Loans in Forbearance Rise in August
While overall mortgage servicers’ portfolio volume of loans in forbearance continues to dwindle, Ginnie Mae loans in forbearance increased in August, with approximately 360,000 U.S. homeowners currently in forbearance plans.
Read More »Federal Reserve Continues Rate Hikes
For the third time in a row, the Federal Reserve’s Federal Open Market Committee (FOMC) raised the nominal interest rate by 75-basis points at the conclusion of their scheduled two-day meeting to a rate of 3.00-3.25%. This marks the highest ...
Read More »SFR Roundtable Weighs in on Investment Climate, Market Conditions
As the second day of the 2022 Five Star Conference continued, experts from the SFR space gathered for this year's installment of the Single-Family Rental Roundtable. Opening with a keynote speech from RCN Capital CEO Jeffrey Tesch, this year's SFR ...
Read More »