The share of mortgage loans in forbearance fell to 0.39% of servicers’ portfolio volume in July, as the MBA reported that nearly two-thirds of borrowers still in forbearance were due to the effects of COVID-19.
Read More »Spike in Home Prices Forced by Slow Demand and Low Inventory
Home prices were up 3% year-over-year, despite stunted demand due to a shortage of homes, as inventory nationwide posts its biggest slide in 18 months.
Read More »July’s Housing Market: As Expected, ‘It’s Bumpy’
July marked the first month-over-month decline in home sales since earlier this year in April, a signal that may mark the peak has passed for the typically busy summer buying season.
Read More »Share of U.S. Homes Sold to Investors Held Steady This Summer
According to a new analysis from CoreLogic, California, Washington, D.C., and Georgia now lead for the highest investor shares in Q2, as investors accounted for 26% of all single-family home purchases in June.
Read More »Independent Mortgage Banks Report Q2 Losses
Independent banks reported a pre-tax net loss of over $500 on every loan originated during the second quarter of 2023. This marks a notable improvement over losses posted in the first quarter.
Read More »Trade Groups Submit Comment on the FHFA’s G-Fee Structure
Multiple trade associations have responded to the FHFA’s Request for Input on the GSEs’ Single-Family Mortgage Pricing Framework through the promotion of responsible homeownership opportunities for all home-ready borrowers.
Read More »HUD Announces Additional Assistance to Hawaii Communities Impacted by Fires
The Department has issued regulatory and administrative waivers to allow the use of funding to help communities in Maui and the Island of Hawaii to accelerate recovery efforts.
Read More »Census Bureau Finds Building Permits Increased in July
According to the U.S. Census Bureau, privately owned housing units counted by the number of building permits issued in July were at a seasonally adjusted annual rate of 1,442,000. This number is slightly above the revised June rate but still 13% below the July 2022 rate of 1,658,000.
Read More »Investing in Opportunity Zone Funds for Business and Sustainable Construction
By understanding the potential of investments in Opportunity Zones, investors can maximize their returns, promote green building initiatives, and shape the future of the construction industry.
Read More »Cenlar Names Five New Directors and Promotes Three Execs
Ewing, New Jersey-based mortgage subservicer names S. Courtney Collier-Beyer, Ajanta Jain, William Keller, Austin Stoop, and Terry Webb to new Director positions, while promoting Jacob Foerter, Andrea Leisten, and Laura Ann Pontelandolfo to new roles.
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