$43 trillion: that is the new value of the housing market as a whole, now double what it was since the lows of the post-recession market and the corresponding building slump of the early 2010s. According to Zillow, the housing market ...
Read More »HUD Releases $2 Billion-Plus for Disaster Recovery and Loss Mitigation
Allocation of federal funds to benefit disaster-stricken regions in 10 states covering 15 separate major disasters.
Read More »Digital Discomfort Within the Mortgage Process
A new study has found that as the industry has embraced more digital advancements, prospective buyers continue to face frustration and friction throughout the loan process.
Read More »Home Price Gains Expected to Slow by December
With home prices on the rise to start the year, home price gains are projected to slow to a 3.5% annual increase by December 2022.
Read More »Loan Mod Volume Climbs as Forbearance Exits Continue
In its latest servicer report, Fitch Ratings reports forbearance plans experiencing a near 50% year-over-year drop, while the percentage of loan modifications has quadrupled.
Read More »Foreclosure & Reverse Mortgage Holders
Attorney Adam Diaz examines a Florida Supreme Court case examining the differences between a reverse mortgage and a traditional mortgage when the foreclosure process is initiated.
Read More »Pending Sales Experience First Decline Since June 2020
New listings also fell 12%, the largest drop since June 2020, bringing the total number of homes for sale to another new low.
Read More »Is Now the Time to Readdress Conforming Loan Limits?
The conforming loan limit reached $971,000 last year for high-priced areas, leading to concerns the government may be subsidizing loans for wealthy families unnecessarily. Former Freddie Mac CEO Don Layton takes a deeper dive into this issue.
Read More »Institutional Investors Reach Seven-Year High in Home Purchases
With an emphasis on the Golden State, investors in 2021 comprised the highest share of single-family home and condo sales nationwide since 2013.
Read More »Forbearance Activity Begins to Tick Upward
The economic recovery that has occurred since the pandemic began has been nothing short of amazing, but the latest data shows that forbearance activity is beginning to pick up. According to Black Knight’s McDash Flash daily mortgage performance dataset, which ...
Read More »