"We appreciate the continued support of the 21 insurers and reinsurers that have committed to write coverage for these deals," said Rob Schaefer, Fannie Mae VP, Capital Markets.
Read More »‘Hot’ Spring Homebuying Season Doesn’t Live Up to Expectations
Spring is typically a busy homebuying season, but new listings of homes for sale are down 24% from a year ago, according to a new report from Redfin. The total number of homes for sale is also down nearly 10%, representing the biggest drop in over a year.
Read More »Flippers Accounted for 9% of Q1 Home Sales Nationwide
ATTOM has found that nearly 73,000 single-family homes and condominiums in the nation were flipped in Q1 2023, hitting the second-highest mark for home flippers this century.
Read More »May’s Existing-Home Sales Post Minor Gains
NAR reports that existing-home sales recorded a slight gain of 0.2% to a seasonally adjusted annual rate of 4.3 million units.
Read More »The Best U.S. Cities for Raising a Family in 2023
A new study from WalletHub revealed which cities throughout the nation are ranked the best and worst places to raise a family, with half of the top 10 best areas located in California, while Midwestern cities like Detroit and Cleveland came in last.
Read More »Housing Market Potential Increased Modestly in May
"Our Potential Home Sales Model increased modestly in May, but is still down 5.7% from a year ago,” said Mark Fleming, Chief Economist at First American. “The primary factor limiting housing market potential is existing homeowners staying put."
Read More »Critical Defect Rate Falls to Under 2%
“After last quarter’s historic high of 2.47%, the reduction in Q4’s critical defect rate to a sub-2% level is encouraging and illustrates just how much the precipitous drop in origination volumes impacted lending operations,” said ACES EVP Nick Volpe.
Read More »Summer Buying Frenzy? Data Says Otherwise
The first month of the typically hot summer buying season produced less than stellar available home numbers, falling over 7% to a new record low.
Read More »Servicers’ Forbearance Volume Dips to Three-Year-Low
The MBA reports nationwide forbearance volume has reached levels not seen since March 2020, attributed to a strong jobs market and the array of loss mitigation options introduced since that time.
Read More »OCC Measures Key Risks Impacting the Banking System
After closely monitoring the condition of the institutions it supervises throughout the market stress this spring, a new report from the OCC examines how financial institutions have managed risk and restored confidence in the banking system in Q1.
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