The past 24-plus months have confronted the mortgage and servicing industries with challenges both daunting and immediate. DS News polled a cross-section of industry experts on what they’ve learned and where we go from here.
Read More »San Jose Tops List of Best Metros for Millennials
Nearly 72 million people living and working in the U.S. today are part of what’s commonly referred to as the Millennial generation, which currently represents the most significant cohort of the country’s demographics. Additionally, given their outsized role within the ...
Read More »Average Homeowner Equity Exceeds $233K
Credit bureau TransUnion has released its second quarter Credit Industry Insights Report which highlighted how the number of consumers with credit cards and personal loans has reached record highs, driven by an increase in loans to non-prime consumers. “Consumers are ...
Read More »One in 20 Americans Live in Inadequate Housing
The latest American Housing Survey conducted by the Census Bureau for the Department of Housing and Urban Development (HUD) has a disturbing statistic hidden among other larger findings—1 in 20, or 5%, of American homes don’t meet the standard of ...
Read More »The Week Ahead: Due Diligence in the Non-QM Space
An upcoming webinar will explain how non-QM products may be the right fit for “out of the box” borrowers, but proper diligence is key to getting these borrowers into the home of their dreams.
Read More »Share of Seriously Underwater Mortgages Slips Below 3%
ATTOM has released its Q2 2022 U.S. Home Equity & Underwater Report, which shows that 48.1% of mortgaged residential properties in the U.S. were considered equity-rich in Q2, meaning that the combined estimated amount of loan balances secured by those ...
Read More »Milliman: Expected Slowdown Driving Uptick in Mortgage Risk
According to Milliman’s latest Mortgage Default Index (MMDI) covering the first quarter of 2022, mortgage originations continued a decline recorded over the last three quarters due to increased interest rates and a decline in originations and refinances. The index value ...
Read More »Does Homeownership Affect Racial Wealth Disparities?
Home ownership is the gold standard when it comes to safe investments, and for low-income residents it can be a reliable vehicle to build generational wealth. But in terms of wealth inequality, how far does homeownership go toward closing the ...
Read More »Servicers Brace for Rise in Foreclosure Activity
Mortgage servicers polled in a new report expect 23% of seriously delinquent mortgages to complete foreclosure over the next year, with pandemic backlog and regulatory intervention having the biggest impact on foreclosure volume.
Read More »Home Prices Outpacing Inflation
The average price per square foot of a home hit a new record in July as a new study revealed that these prices have increased 310% since 1980. According to Home Bay, a California-based real estate brokerage, the increase in the ...
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