A new analysis from Redfin has found that investors are selling homes nationwide at a loss, as elevated mortgage rates have curtailed homebuyer demand.
Read More »FHFA Seeks Comment on Fair Housing and Fair Lending Oversight
FHFA expects this rulemaking to provide increased public transparency and greater oversight and accountability of the regulated entities’ fair housing and fair lending compliance.
Read More »Median U.S. Home Prices Experience Largest Drop Since 2012
According to a new report from Redfin, home prices fell 3.3% in March, while pending home sales also dropped to their lowest level since the start of the pandemic.
Read More »Credit Conditions Tightened Slightly in March
According to a new report from First American, the Potential Home Sales Model for March revealed it is unlikely that the recent banking crisis will materially impact residential mortgage availability.
Read More »Cenlar Announces Executive Changes to Its Compliance Team
Mortgage subservicer has appointed Marlon Groen as its new Chief Compliance Officer, and has promoted Jennifer Rowen to the role of SVP, Core Operations.
Read More »The Week Ahead: Servicers and Government Officials to Meet in D.C.
The Annual Five Star Government Forum is set for April 11 in Washington, D.C., bringing together mortgage servicing leadership and government agency reps to discuss the industry’s most pressing issues.
Read More »Contract Volume, New Listings Down, While Days on Market Up
HouseCanary reports the number of homes that experienced price cuts increased over 130% year-over-year, as the market has been reported to be adjusting to continuous rate hikes.
Read More »Texas Targeted as a Top Relocation Destination
A new analysis from United Regions Van Lines examines the states that offer the greatest housing savings and which states rank highest in employment opportunities.
Read More »Share of Delinquent Mortgages Drops, But Foreclosure Rate Creeps Upward
CoreLogic reports that the share of home loans in delinquency continues to dip nationwide, down from a high of 7.3% in the spring of 2020, and down by 0.5 percentage points from January 2022.
Read More »Home Prices Fall, Ending 131 Months of Growth
“Home prices fell in February, the first year-over-year decline in the national median home price in more than two decades,” said Bright MLS Chief Economist Dr. Lisa Sturtevant.
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