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.
Read More »Real Estate Market Hits All-Time High, Now Valued at $47T
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 »More Than Half of Americans Fear They Will Never Own a Home
Among Americans who don’t currently own a home, 51% say they’re worried they will never attain homeownership, according to a new survey from LendingTree. Mortgage rates topped 7% last month and home prices hit new highs in June.
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 »High-Opportunity Areas Have More (But Less Affordable) Homes for Sale
While many Americans continue to struggle with housing affordability, a new study from Redfin shows that homes in high-opportunity neighborhoods are not only selling for roughly $130,000 more, but they are also disproportionately white. Meanwhile, homes in low-opportunity areas are becoming less affordable due to gentrification.
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.
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