An upcoming House Financial Services Committee hearing will discuss climate change’s impact on the nation, as wildfires burned an average of 6.8 million acres annually, putting homeowners in at-risk areas in jeopardy.
Read More »Most At-Risk Counties Clustered in Chicago, New York City Area
ATTOM has released a Special Housing Risk Report spotlighting county-level housing markets around the United States that are more or less vulnerable to declines, based on home affordability, unemployment and other measures in Q2 of 2022. The report shows that ...
Read More »Gary Gaskin Joins Cenlar as VP of Transfer Services
Twenty-five-year industry veteran will be responsible for the Ewing, New Jersey-based mortgage loan subservicer’s loan boarding, acquisitions, and transfers, as well as identifying opportunities to automate processes and improve operational efficiencies.
Read More »Lack of Transparency Hinders the Unbanked
A new report from LexisNexis Risk Solutions focusing on financial transparency and inclusion has found that among Americans, those most financially at risk are the “unbanked”—or those without a traditional bank account—and that increasing financial inclusion in a responsible and ...
Read More »New Bill to Accelerate the Processing of VA Loans
The passage of HR 7735 will ease the barriers faced by veterans in obtaining an appraisal on a VA loan, evening the playing field in a competitive housing marketplace.
Read More »Freddie Mac Announces $536M Securitization of Re-Performing Loans
Freddie Mac has announced the pricing of its second Seasoned Credit Risk Transfer Trust (SCRT) offering of 2022 —a securitization of approximately $536 million including both guaranteed senior and non-guaranteed subordinate securities backed by a pool of seasoned re-performing loans ...
Read More »Fannie Mae Chief to Receive Award for Forecast Accuracy
As economic uncertainty continues amidst market turmoil and talks of recession, Fannie Mae Senior Vice President and Chief Economist Douglas G. Duncan predicts a modest recession, characterized by competing effects of inflation and a strong labor market. Duncan will deliver ...
Read More »Increasing Prices Limiting Access to Homeownership
It’s no secret that the combination of rising home prices along with a trend of increasing interest rates have made buying the typical single-family home much more expensive, if not completely unaffordable for many. According to Joint Center for Housing Studies ...
Read More »Mortgage Delinquencies Drop to 23-Year Low
CoreLogic has released its monthly Loan Performance Insights Report for June 2022, showing that 2.9% of all mortgages in the U.S. were in some stage of delinquency, —30 days or more past due, including those in foreclosure— representing a 1.5 ...
Read More »Trade Groups Seek FHA Mortgage Insurance Premium Reduction
In a letter to the White House, NAR, the MBA, NAHB and MHI have submitted a letter asking for the FHA to cut its mortgage insurance premium by helping increase wealth nationwide.
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