In its Quarterly Forecast, Freddie Mac predicts that continued inventory issues will keep the housing market competitive in Q1.
Read More »HUD Offers Disaster Aid for Three Storm-Stricken States
Residents in Alaska, Tennessee, and Missouri impacted by recent natural disasters are now eligible for federal disaster assistance.
Read More »‘Fear of Missing Out’ May Help Drive Housing Market
According to First American, more may be entering the purchase market soon, as rate hikes may be on the horizon.
Read More »Inventory of Homes Drops Again to 923,000 Units
The supply of available homes dropped again in December—a new low recorded by Zillow.
Read More »Ginnie Mae Further Streamlines Advanced Loan Modifications
On Friday afternoon, Ginnie Mae issued a new memorandum (APM 22-01) stating that they are streamlining its documentation requirements for servicers participating in the Federal Housing Administration’s (FHA) Advanced Loan Modification program (ALM). The memo does away with the requirement for recordation and title insurance in some cases. The new policy supports ...
Read More »Which Housing Markets Are Most at Risk of COVID Impact?
Markets were considered vulnerable based on the percentage of homes facing foreclosure, affordability, equity, and foreclosure reports.
Read More »Enforcement Actions Taken Against 400 MLOs Over SAFE Act Violations
State regulators have reached a settlement with 400 mortgage loan originators who falsely claimed to have completed their SAFE Act-mandated education requirements.
Read More »Existing Home Sales Dipped in December
Closing the books on 2021, The National Association of Realtors (NAR) has reported that, during the month of December, existing-home sales declined 4.6% from November, to a seasonally adjusted annualized rate of 6.18 million, snapping a three-month streak of increases. Despite the monthly drop, existing home sales increased by an overall ...
Read More »Race to Develop Built-to-Rent Homes Accelerating
Some 90,000 existing single-family homes in the United States in nearly 720 such communities are designed specifically for renting.
Read More »Wells Fargo Names New Chief Revenue Officer
Wells Fargo announced today that Derek Flowers has been appointed the company’s Chief Risk Officer, effective immediately. Flowers will lead all aspects of Wells Fargo’s Independent Risk Management function, including compliance risk management. He will continue to serve as a member of the company’s Operating ...
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