Florida has topped the list of popular relocation destinations again, according to a new report from Redfin, as relocators made up a bigger portion of homebuyers than ever due to elevated mortgage rates and persistently high home prices.
Read More »Pending Home Sales Numbers Improve, Further Incremental Improvements Expected
“Home sales activity looks to be bottoming out in the first quarter of this year, before incremental improvements will occur,” said NAR Chief Economist Lawrence Yun.
Read More »FHFA Announces Enhanced Payment Deferral Policies for Borrowers
For those facing financial hardship, the Federal Housing Finance Agency announced Fannie Mae and Freddie Mac will enhance their payment deferral policies to allow borrowers to defer up to six months of mortgage payments.
Read More »HUD Issues Proposed Rule on Floodplain Management
The Department’s Proposed Rule would revise regulations governing floodplain management and the protection of wetlands to implement the Federal Flood Risk Management Standard.
Read More »Baby Boomers Now Make Up Nearly 40% of Homebuyers Nationwide
The share of baby boomers across the U.S. now makes up 39% of homebuyers, the most of any generation and an increase from nearly 30% in 2022, according to a new report from the National Association of Realtors.
Read More »Trend of Declining Home Prices Continued in January
“2023 began as 2022 had ended, with U.S. home prices falling for the seventh consecutive month,” says Craig J. Lazzara, Managing Director at S&P DJI.
Read More »CFPB Rules Certain State Disclosure Laws Consistent With TILA
In examining laws in New York, California, Utah, and Virginia, the Bureau determined that laws covering businesses in these states are not preempted by the federal Truth in Lending Act.
Read More »Fannie Mae Executes $31.8B in Credit Insurance Risk Transfers
The GSE transfers a combined $926 million of mortgage credit risk to private insurers and reinsurers in its latest two CIRTs as it continues to reduce taxpayer risk by increasing the role of private capital in the mortgage market.
Read More »Overall Mortgage Delinquencies Up 36K in February
According to Black Knight’s “First Look” at February 2023 data, the spike was “driven by a nearly 65K increase in those just a single payment behind.” Click through to see what the data looks like for prepayments, foreclosure starts, and more.
Read More »U.S. Housing Market Descend From Pandemic-Era Boom
According to a new report from Redfin, housing markets in tech hubs nationwide are cooling quickly for reasons such as low housing inventory and tech layoffs.
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