With the ever-rising cost of homeownership, down payments requirements have also grown in step. Click through to find out where the next generation of buyers are finding the funds to secure a home.
Read More »Potential Homebuyers Retreat as Rates Remain Elevated
While a slight increase in new listings offers potential buyers more housing inventory to choose from, Redfin has found that many are backing out of the market, as mortgage rates sit near levels last seen two decades ago.
Read More »U.S. Foreclosure Filings Up 28% in Q3
With the nation’s highest foreclosure rates found in the states of New Jersey, South Carolina, and Delaware, ATTOM reports a near 30% quarter-over-quarter rise in third quarter default notices, scheduled auctions and bank repossessions, approaching levels seen before the pandemic.
Read More »Is the Mortgage Servicing Space in Need of a Reset?
A new white paper challenges the notion of disruption in the mortgage space, and how the utilization of proper software can bring this idea to fruition.
Read More »Challenging, Inspiring, and Supporting
MortgagePoint invites you to get to know this year’s Five Star Lifetime Achievement Award recipient: Kim Yowell, EVP of Servicing for Fairway Independent Mortgage Corporation.
Read More »Remote Homebuying in a Remote Work World
Today, many Americans can live just about anywhere while working from home. Remote workers looking to move far away from their current residence might not have the time, resources, or motivation to make multiple trips between their current and future cities, but virtual tours combined with other data brings far-flung homes to buyers’ front steps.
Read More »HUD Awarded Over $75M in Loan Guarantees for Economic Development
The U.S. Department of Housing and Urban Development announced for commitments to public safety, facility improvements, economic development, and housing projects to further develop and preserve more housing nationwide.
Read More »GSEs Sell Off $30B of Non-Performing Loans
Between the non-performing loan sales program’s inception in 2014 and the end of 2022, the GSEs have sold off a collective $30 billion in loans to the private sector.
Read More »Share of Hispanic Households Projected to Surge by 2040
Despite elevated interest rates and rising home prices that have intensified affordability issues for Hispanic homebuyers, by 2040, an estimated 70% of new homeowners will be Hispanic. Learn what else this new study from the Urban Institute reveals.
Read More »With Help, Servicing Compliance Can Get Easier
Regulatory oversight has become a fact of life for mortgage servicers. Toby Wells of Cornerstone Servicing explains how staying compliant requires a robust risk management framework.
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