Investment

The two-day summit featured a servicer certification class, followed by a day of panels from experts and highly placed people on a variety of bankruptcy- and default-related topics related to bankruptcy and other areas related to attorneys.

JT Grubbs, EVP of Loan Servicing at Selene, sat down with MortgagePoint to share how the company puts their customer first and how to gain customers for the life of the loan.

According to a new report from PropertyShark, economic factors such as wage evolution, increasing home prices, lifestyle choices, and generational preferences are all significant contributors to the changing landscape of housing.

“This month’s increase in the HPSI was the largest in over two years, primarily driven by consumers’ more optimistic mortgage rate expectations,” said Doug Duncan, Fannie Mae’s SVP and Chief Economist.

The U.S. Department of Housing and Urban Development has announced the issuance of $382 million via the Housing Trust Fund that will increase and preserve the supply of decent, safe, and sanitary affordable housing for extremely-low and very low-income households.

Despite an up-and-down housing market in the first quarter of 2023, both Fannie Mae and Freddie Mac were profitable, proving to be a source of stability for the housing finance system.

A recent Senate Banking Committee hearing featured a number of witnesses testifying on behalf of the reauthorization of the NFIP, which is set to expire September 30, 2023.

As part of the GSE’s effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market, CIRT 2023-4 transfers $501 million-plus in mortgage credit risk to private insurers and reinsurers.

“By providing a pathway for more older adults to stay in their homes, we are helping to improve lives and ensuring the opportunity for seniors to age with dignity,” said HUD Secretary Marcia L. Fudge.

“February’s early-stage delinquency rate was historically low and primarily driven by a strong job market,” said Molly Boesel, Principal Economist at CoreLogic. “However, the possibility of a recession that would raise the U.S. unemployment rate could slightly erode the current strong mortgage performance situation in the coming months.”