Don Layton, the current Senior Industry Fellow at the Joint Center for Housing Studies at Harvard University—and former CEO of Freddie Mac—released a new column on the policymaking implications of record-high mortgage origination profits during the pandemic he authored after the ...
Read More »Investor Activity Stalls in Q4 of 2021
The investing spree for single-family homes seems to be slowing in the fourth quarter after hitting what appears to be peaks in the second and third quarters of 2021. The share of homes purchased by investors reached its peak in ...
Read More »Home Affordability Nears All-Time Low Amid Spiking Interest Rates
Black Knight Inc., has released the latest iteration of its Mortgage Monitor Report for March 2022 which looks at mounting affordability pressures resulting from the competing dynamics of rising interest rates and ever-increasing home prices. According to Black Knight Data ...
Read More »Financial Capacity Limits Pending Home Sales
According to the latest from the National Association of Realtors (NAR), pending home sales slipped 4.1% month-over-month in March, marking the fifth consecutive months of transaction decreases. Year-over-year, pending home sales dropped 8.2% in March, marking the tenth consecutive month ...
Read More »Mr. Cooper Posts Q1 Gains
Led by the recent deal with Sagent, nationwide mortgage servicer reported net Q1 profits exceeding $650 million.
Read More »Average Home Profit Sinks to $103K
Home sellers were earning a 4.4 percentage point profit on their sales in Q1, marking the largest drop since 2011.
Read More »Nearly Half of All Delinquent Mortgages on Loss Mit Plans
According to the new data released by the Federal Reserve Bank of Philadelphia, it’s predicted that roughly 2.15 million mortgages are either in forbearance or past due, with an estimated 630,000 of those mortgages still in forbearance as of April ...
Read More »Rising Prices, Rates, Finally Affecting the Market?
It seems that rising interest rates and record-high home prices are finally starting to affect the market as fewer homes received competing bids in March than they did in February. According to Redfin, an online real estate brokerage, 65 percent ...
Read More »Double-Digit Listing Price Growth Continues
Home prices nationwide rose nearly 20% in February, as buyers tried to get ahead of anticipated rate hikes, led by markets in the South and Southeast.
Read More »Florida, Texas, Most Likely to See Flood Insurance Hikes
It seems that the Federal Emergency Management Agency Risk Rating 2.0, which is changing up where and how much people are being charged for flood insurance, is impacting Texas and Florida the hardest. FEMA’s Risk Rating 2.0 raises flood insurance ...
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