Climate change does not seem to be factoring into homebuyers' decisions on where they are purchasing homes according to Redfin, as nearly 400,000 more people moved into than out of the most flood-prone counties in 2021 and 2022—an increase of 103% over the two years prior.
Read More »Seriously Delinquent Loans Fall to Levels Last Reported in 2006
According to Black Knight, the number of serious delinquencies (90-days or more past due) dropped to 471,000 units, the lowest reported since August 2006, a 27% year-over-year drop.
Read More »Economic Pessimism Forcing Lenders to Prioritize Cost-Cutting Measures
Mortgage lenders cited "cost-cutting" as their most important business priority for the second year in a row, according to Fannie Mae's latest Mortgage Lender Sentiment Survey.
Read More »Investor Purchases Propel the SFR Market
A new study from the Harvard Joint Center for Housing Studies details eight key traits the single-family rental market has exhibited over the past two decades, highlighting the importance of this market to the nation’s housing supply.
Read More »The Week Ahead: Navigating the Next REO Wave
The Five Star Institute, in conjunction with the National REO Brokers Association, has assembled a panel of experts to detail how the REO industry is bracing for an uptick in activity, and how to prep for a jump in volume.
Read More »Purchase Apps Down 21% YoY
High mortgage rates have pushed monthly mortgage payments to a record $2,656, as slightly lower rates may escalate competition for the limited number of homes available and push up prices for the foreseeable future.
Read More »CFPB Highlights the Prevalence of Employer-Driven Debt
A new Bureau analysis details the popularity of employer-driven debt, including the challenges workers and consumers face when they become indebted to an employer or an employer’s affiliate as a condition of employment.
Read More »HUD Receives High Marks From the SBA
“This achievement demonstrates HUD's commitment to partnering with small businesses and ensuring meaningful opportunities for the small business community to build America’s economy,” said HUD Secretary Marcia L. Fudge.
Read More »June’s Private Housing Building Permits Drop by 3.7%
HUD and the Census Bureau report that privately-owned housing units recorded an annual rate of 1,440,000 units in June, down from 922,000 reported year-over-year.
Read More »Senate Passes Measure to Expedite the Mortgage Process on Tribal Lands
The Tribal Trust Land Homeownership Act would create statutory timelines to process mortgages involving properties located on tribal trust land.
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