Daily Dose

“This month’s increase in the HPSI was the largest in over two years, primarily driven by consumers’ more optimistic mortgage rate expectations,” said Doug Duncan, Fannie Mae’s SVP and Chief Economist.

Dominic Iannitti, President & CEO of DocMagic, discusses a shifting mortgage marketplace, and how these changes have accelerated the adoption of eClosing.

The number of homes that went under contract within two weeks rose 2% from March. While that jump may seem small, it’s notable because the share of homes selling in two weeks typically falls in April after peaking in March.

Attorneys T. Robert Finlay and Michelle A. Mierzwa discuss California’s SB 2170, a measure that creates a new “First Look” policy for REO properties.

The U.S. Department of Housing and Urban Development has announced the issuance of $382 million via the Housing Trust Fund that will increase and preserve the supply of decent, safe, and sanitary affordable housing for extremely-low and very low-income households.

Despite an up-and-down housing market in the first quarter of 2023, both Fannie Mae and Freddie Mac were profitable, proving to be a source of stability for the housing finance system.

"Homeowners across the U.S. continue to sit in a far better position than they were just a few years ago, with historically elevated levels of wealth built up in their properties,” said Rob Barber, CEO for ATTOM Data.

"A lack of new sellers and homes for sale continues to limit buyers' choices and home sales. Many home sellers are likely future buyers too, which may be why a majority of would-be sellers report feeling 'locked in' to their current home because of a low mortgage rate, especially younger homeowners," said Danielle Hale, Chief Economist for Realtor.com.

A recent Senate Banking Committee hearing featured a number of witnesses testifying on behalf of the reauthorization of the NFIP, which is set to expire September 30, 2023.

An estimated 21.48% of owner-occupied households in the U.S. are housing-cost-burdened. A new study from LendingTree reveals that single women homeowners are most at-risk, while married couple households are least likely to be financially distressed.