Alongside rising interest rates, the average equity withdrawal among cash-out refinances has also risen by nearly 90% from its low in 2020.
Read More »GSEs Complete Nearly 50K Foreclosure Prevention Actions in Q2
The FHFA’s latest Foreclosure Prevention and Refinance Report for the second quarter found that, to date, more than 6.8 million struggling homeowners have been assisted by Fannie Mae and Freddie Mac during conservatorship.
Read More »HUD Awards $10.5M+ in Grants to Empower Underserved Hispanic Communities
HUD enhances its commitment to working with the nation’s Hispanic communities to ensure access to affordable, fair, and safe housing and homeownership opportunities nationwide.
Read More »Kentucky Court Rejects Statute of Limitations Defense in Foreclosure Action
Jeffrey Helms of Diaz Anselmo & Associates examines a recent case where the borrowers argued that the statute of limitations barred the foreclosure of their mortgage.
Read More »College Towns and Real Estate Investment: Where to Look First
Some towns with four-year colleges that are off the beaten path are ripe for real estate investment as room and board prices soar. Here’s a short list of markets poised to explode.
Read More »What Percent of Mortgages Are Delinquent?
According to the latest Loan Performance Insights Report, 16 metro areas posted slight annual delinquency upticks. With hurricane season in full swing, some areas of the U.S. could see typical seasonal delinquencies rise later this year and into 2024.
Read More »Rising Home Prices, Mortgage Rates Fuel Decline in Housing Affordability
Homeownership is becoming more and more difficult, according to ATTOM's 2023 U.S. Home Affordability Report, which revealed that in Q3, housing affordability worsened across the nation amid continuing increases in home prices and mortgage rates.
Read More »Diminished Pool of Homebuyers Forces Retreat in Pending Sales
"It's clear that increased housing inventory and better interest rates are essential to revive the housing market," said NAR Chief Economist Yun. Click through for more on NAR’s August Pending Home Sales report.
Read More »HUD Installs New Appointments to Manufactured Housing Consensus Committee
Three new appointees and three return to the committee that advises HUD on manufactured housing production, regulations, and administration of the Manufactured Housing Construction and Safety Standards Act.
Read More »Report Spotlights Homebuying Discrimination Against Black, Hispanic, LGBTQ+ Communities
A new Redfin survey revealed that nearly one-third of Black and Hispanic respondents faced some sort of discrimination while house hunting, while 22% of LGBTQ+ respondents also reported being discriminated against because of their sexual orientation.
Read More »