In August, active inventory shrank compared to last year (-7.9%), despite an unusual increase from July in newly listed homes, signaling a potential return of seller activity heading into fall.
Read More »Purchase Lending, Refinance, and Home Equity Activity Rebounded in Q2
ATTOM's latest Residential Property Mortgage Origination Report showed purchase lending led the way in Q2, spiking nearly 30%, while overall refinance and home equity activity also rose after eight straight quarterly declines.
Read More »Foreclosure Volume Expected to Rise to Close Out 2023
A new report from Auction.com found that more than 90% of default servicing industry experts polled expect foreclosure volume to rise in 2023 compared to 2022, with the state of the nation’s economy having the biggest impact on overall volume.
Read More »Dovenmuehle Appoints Patricia McCarthy VP of Insurance Administration
Tapped to oversee Dovenmuehle’s insurance department, 30-year industry vet Patricia McCarthy will bring her experience in managing compliance, mortgage operations, loan processing, and customer service departments to her new role.
Read More »How Home Investor Trends Are Weathering High Rates
According to a new report from Redfin, investor home purchases fell significantly during Q2 2023. Click through to learn what factors are in play.
Read More »Expanded Remote-Work Opportunities Could Help Offset Affordability Crisis
Separating where someone lives from where that person works could open up access to affordable housing that only requires an internet connection, not a commute.
Read More »Hurricane Idalia Threatens 800K+ Homes Along Florida’s Gulf Coast Region
According to CoreLogic, Hurricane Idalia could damage more than 800,000 homes along the Gulf Coast area of Florida with a reconstruction cost value of approximately $238.4 billion, as storm surge heights are anticipated to rise to more than 15-feet.
Read More »Danya Sawyer Named Interim CEO of Altisource Asset Management
Altisource Asset Management has announced the departure of CEO Jason A. Kopcak, to be replaced on an interim basis during the restructuring of its lending operations by former COO of Altisource’s Alternative Lending Group, Danya Sawyer.
Read More »CFPB Enters Into $2.7B Settlement With Credit Repair Firm
The nationwide conglomerate has agreed to a settlement with the CFPB for violating the Telemarketing Sales Rule by collecting illegal advance fees for credit repair services.
Read More »FCC Joins Forces With HUD on Affordable Internet Access
HUD furthers its commitment to ensuring that families have the necessary resources to thrive, as eligible households can now receive the financial assistance necessary to access affordable broadband resources.
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