Kurt Johnson has been named CFO of the mortgage servicer as Jaime Gow transitions from CFO to Strategic Advisor. In addition, Christine Paxton has been named EVP and Chief Risk and Compliance Officer.
Read More »Home Prices to Further Widen Wealth Gap
“Housing affordability is at the lowest level in history, which will widen the wealth gap—especially between millennials,” said Redfin Deputy Chief Economist Taylor Marr.
Read More »Housing Inventory Making Quick Recovery
Buyers in some locations have been met with better-than-expected inventory numbers as inventory has recovered nearly 70% year-over-year.
Read More »The Typical Home Is Bought & Sold Every 12 Years
“Even though the length of time Americans are staying in their homes has ticked down from the peak it reached in 2020, it’s likely to head back up again in the next few years,” said Redfin Senior Economist Sheharyar Bokhari.
Read More »Re-Evaluating Vendor Relationships
An upcoming Five Star Webinar, held in partnership with Boston National Title, will focus on vendor products, performance, and pricing in a post-pandemic marketplace.
Read More »Positive Pending Home Sales Numbers Kick off the New Year
However, while monthly numbers show a short-term improvement, the National Association of Realtors found the market to be down nearly 25% year-over-year.
Read More »Cenlar Adds Peter Johnson as VP
Focusing on the HELOC and PMI offerings, mortgage subservicer names 35-plus-year industry veteran VP of Special Products in Loan Operations.
Read More »Housing Market Improves, but Low Inventory Hampers Future Gains
“A dip in mortgage rates brought some buyers off the bench in January, but the housing-market recovery was tempered by still-high housing costs and a limited number of homes being listed for sale,” said Redfin Deputy Chief Economist Taylor Marr.
Read More »HUD Issues $3.16 in Grants to Public Housing Authorities
The latest round of HUD funding will allow authorities to modernize public housing for families, individuals, and seniors through the Department's Capital Fund Program.
Read More »FHA Announces 30-Point Reduction in Mortgage Insurance Premiums
Reduction in MIP will result in an estimated savings of $678 million for American families by the end of 2023, and benefit an estimated 850,000 borrowers over the coming year, saving them an average of $800 annually.
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