A new report from Fitch Ratings found that delinquencies remained flat to close out Q4 2022, with successful workout strategies helping more homeowners retain their homes and avoid foreclosure.
Read More »Pandemic Policies Reduced Eviction Filings by Nearly 60%
According to a new report from The Eviction Lab, COVID-era policies cut eviction filings by more than half, with resources including eviction moratoria to prevent immediate displacement, stimulus payments, expanded unemployment insurance, and emergency rental assistance.
Read More »Western, Upscale Markets Bearing Brunt of Market Slowdown
Oregon, Washington State, and higher-priced areas of the country are absorbing a larger share of recent market declines based on data from Q1 2023, while other lower-priced areas show less impact from the recent downturn.
Read More »Navigating the Mortgage Market in 2023
The Five Star Institute, in partnership with SWBC, recently presented a webinar discussing a number of factors facing the U.S. economy and the current mortgage marketplace, and what’s in store for the industry for the remainder of 2023.
Read More »Homeowners Hanging Onto Mortgage Rates Below 6%
According to a new report from Redfin, over 92% of homeowners with mortgages have rates below the current weekly average of 6.71%, which is near the highest level in over 20 years—prompting many potential home sellers to stay put.
Read More »FHA Offers New Multi-Language Resources
Multi-language translations of single-family mortgage documents in Chinese, Korean, Spanish, Tagalog, and Vietnamese are now available for lenders and servicers when working with borrowers with limited English proficiency.
Read More »Examining Risk Adjustment and Cross-Subsidization Among Markets
A new analysis from industry veteran Don Layton details the controversy surrounding how the Federal Housing Finance Agency has changed the specific amounts by which Fannie Mae and Freddie Mac risk-adjust the interest rates at which they purchase mortgage loans.
Read More »How Homebuyers Can Save by Negotiating a Lower APR, Home Prices
According to a new survey from LendingTree, some 63% of homebuyers have negotiated their purchase price in hopes of saving money, while just 39% negotiated the mortgage or refinance rate despite the likelihood of a better deal.
Read More »Most Renters’ Payments Not Being Reported to Credit Bureaus
Most property managers are not reporting payments to the three credit bureaus, and a survey found that reporting this data would likely boost on-time payments as well.
Read More »HUD Partners With Terner Labs on Education Initiative
HUD and Terner Labs at UC Berkeley will bring together leadership in the public sector, housing experts, researchers, technologists, entrepreneurs, practitioners, and others to explore advances at the forefront of the housing industry.
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