According to a new report from Redfin, home sellers are starting to resurface to meet homebuyer demand as mortgage rates continue to decline, with new listings and pending sales posting their smallest drops in four months.
Read More »Seriously Underwater Mortgages Below 3%
According to new ATTOM data, 16 times as many mortgages are equity rich versus seriously underwater.
Read More »HUD Awards $315M in Grants to Address Rural Homelessness
The U.S. Department of Housing and Urban Development has announced the first set of communities to receive grants and vouchers to address homelessness among people in unsheltered settings and rural communities.
Read More »OrangeGrid’s Mortgage Servicing Solution Now Live at Flagstar Bank
Flagstar Bank has implemented mortgage servicing software provided by OrangeGrid to manage its loss mitigation processes and enhance internal efficiencies.
Read More »Ginnie Mae Finalizes Requirements for Pooling Re-Performing Mortgage Loans
Ginnie Mae has revised the pooling requirements for re-performing loans with the publication of All Participants Memorandum 23-03, that announced a reduced seasoning period for re-performing loans.
Read More »Consumers Look to Credit, Home Equity to Stay Afloat
According to the Q4 2022 Quarterly Credit Industry Insights Report (CIIR), data shows Gen Z consumers are opening credit cards and homeowners are taking out home equity lines of credit (HELOCs) to help cope with financial pressures.
Read More »Fed Hikes Interest Rates by 25pts
This is now the eighth consecutive rate hike, an increase of 4.5% since the hikes began.
Read More »New-to-Credit Consumers May Be Better Risk Than Previously Thought
Those with new credit files used to be considered higher risk than those with an established credit history, but new data from TransUnion finds that is not necessarily true.
Read More »Texas Tornadoes Cause Nearly $4.6B in Property Damage
CoreLogic estimates that approximately 18,600 homes within a Houston-area tornado footprint suffered damage in a late January storm path.
Read More »Pandemic Boomtowns Experiencing Waning Price Growth
Supply-and-demand dynamics have given homebuyers more leverage to start the year, providing them with an advantage at the negotiation table.
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