The last market peak occurred in June of 2022 when the real estate market set its all-time high of $46.6T, but now a shortage of homes has propped up sales, pushing valuation numbers ever skyward.
Read More »10 Problems Facing Property Rehabbers
Rehabbing a home for profit can be an extremely lucrative proposition, but only if the project is treated like a business, as tight profit margins leave little room for mistakes.
Read More »Connecticut Court Reconciles Case Involving State’s Mortgage Assistance Program
Attorney Geoffrey K. Milne details a recent case involving the state of Connecticut’s Emergency Mortgage Assistance Program (EMAP), a program intended to assist homeowners in avoiding foreclosure.
Read More »GSEs Offer Relief Options for Those Impacted by Hawaiian Wildfires
With an estimated 2,200+ structures reported destroyed or damaged in Hawaii, 86% of them residential homes, the GSEs are offering guidance for homeowners impacted in the region.
Read More »Change Management
Ann Thorn, Wells Fargo’s Head of Home Lending Servicing, discusses takeaways from her first two years on the job and how her team is working to implement the bank’s vision for a much-reduced servicing portfolio.
Read More »Does Recent Data Signal a Bottom in the Housing Market?
According to First American Financial Corporation, housing affordability fell relative to one month ago as two of three key drivers of the Real House Price Index (RHPI), nominal house prices and mortgage rates reduced house-buying power by 0.7%.
Read More »GSEs Execute 16K-Plus Foreclosure Prevention Actions in May
As the nation continues to struggle with inflation and high mortgage rates, Fannie Mae and Freddie Mac completed more than 5,100 permanent loan modifications in May, according to the latest FHFA Foreclosure Prevention and Refinance Report.
Read More »HUD to Assist Victims of Hawaiian Wildfires
The Department has issued federal disaster relief to the state of Hawaii, with nearly 3,100 single- and multifamily residential properties with a combined reconstruction value (RCV) of $1.3 billion located within three preliminary wildfire perimeters on the island of Maui.
Read More »Eight Percent of Homes Nationwide are Worth $1M+
According to a new report from Redfin, just 8% of single-family homes throughout the country are worth more than $1 million, a number which has retreated from an all-time high of 8.6% from just over a year ago.
Read More »Steve Pawlowski Named Head of Tech Solutions at MCT
After more than 30 years with Fannie Mae’s Capital Markets and Single-Family Digital Products and Services divisions, Pawlowski joins MCT to provide leadership on all of the company’s tech developments.
Read More »