Based on its recent research and panel discussions, the Urban Institute on Friday published "Three Ways to Help 3.2 Million Struggling Homeowners." The Institute has discovered that while some 3.7 million homeowners, as of November, had resumed mortgage payments and ...
Read More »Rental Investors Take Interest in Tiny Homes
Tiny houses are not new, but COVID-19 and resultant lifestyle changes are making the movement more popular, according to IPX1031, a Fidelity National Financial Company blog, which conducted a survey of 2,000 Americans to understand how likely they would be ...
Read More »Foreclosures May Be Subject to ‘Drastic Changes’ Next Year
In the latest episode of DS5’s Inside the Industry, we’re speaking with Elizabeth Squires, Director of Client Account Management at Safeguard Properties. She discusses the impact COVID-19 has had on the property preservation sector and foreclosure volumes. Squires also speaks about what challenges 2021 may ...
Read More »CFPB Finalizes Two QM Mortgage Loan Rules
The Consumer Financial Protection Bureau (CFPB) has issued two final rules related to qualified mortgage (QM) loans. The first final rule, the General QM Final Rule, replaces the current requirement for General QM loans that the consumer’s debt-to-income ratio (DTI) ...
Read More »‘Potentially Concerning’ Forbearance Activity
Active forbearance volume decreased by 12,000 for the seven-day period ending December 8, according to new data released by Black Knight Inc. However, forbearance volume increased by 21,000 on a month-over-month measurement, which represented the first monthly increase since the ...
Read More »The Week Ahead: Understanding Eviction and Foreclosure Moratoria
Community Solutions and the National Low Income Housing Coalition (NLIHC) host a complimentary webinar Wednesday, December 16 from 2-3:30 pm CT, entitled, "Preventing Housing Instability During COVID-19: Understanding Eviction Moratoriums and Rental Assistance." The organizers say the event will be held in ...
Read More »AMDC Member Company Recognized With Diversity Award
Seven mortgage bankers are being recognized as leaders in inclusion and diversity efforts. Yearly, the Mortgage Bankers Association (MBA) spotlights companies that are outstanding in areas of organizational diversity and inclusion-and-outreach strategies. Five Star Global's American Mortgage Diversity Council (AMDC) ...
Read More »The American Dream of Homeownership is ‘Very Much Alive’
Sarah Paynter, a real estate reporter at Yahoo Finance, The Real Deal, and Newsday, moderated a homeownership demographics-focused panel at Thursday's NAR Real Estate Forecast Summit: Post-Election Outlook. Guests on the panel included Rodney Harrell, VP of Family, Home, and ...
Read More »How Far California Home Values Dropped Due to Wildfires
According to a recent Redfin report, the wildfires that ravaged through Northern California in 2018 wreaked havoc on home values across the region. Plummeting home values are not only limited to this neck of the woods. However, just as a ...
Read More »Strong Price Growth Creates Record-Level Property Equity
It seems COVID-19 and its economic toll hasn’t managed to crimp the housing industry as home prices parachute unabated and home equity grows, according to a report from CoreLogic.com. Between Q3 2019 and Q3 2020, cumulative equity gains hit $1 trillion, ...
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