In modern-day America, even a top job’s paychecks do not always open the door to acquiring homeownership. However, regional differences still make it possible for workers in a wide range of professions to buy a home in locations where their ...
Read More »Annual Home Price Growth Shifted from Deceleration to Decline in July
The latest report from Black Knight, Inc, revealed yet another sign of the times as annual home price growth changed from a deceleration to an official decline in July 2022 as the median home price fell 0.77% from June 2022, the ...
Read More »HUD Unveils $40M Funding to Protect Families From Safety Hazards
The U.S. Department of Housing and Urban Development (HUD) today announced the availability of $40 million through the Healthy Homes Production Grant Program to help transform communities by fixing older housing, preserving affordable housing, and improving communities and the health ...
Read More »Fannie Mae: Consumers Reporting Housing Market Volatility Concerns
The Fannie Mae Home Purchase Sentiment Index (HPSI) decreased 0.8 points in August to 62.0, the sixth consecutive monthly decline of the index, according to their latest report. Surveyed consumers continue to express pessimism about homebuying conditions, especially in the home-selling segment ...
Read More »Servicers Adapt to Changing Times
COVID-19 presented mortgage servicers with a new challenge, creating and executing new customer solutions, while managing the impact of the pandemic on their own workforce.
Read More »Cash-Out Refis Dominate Market, Increasing Risk Level
The latest Mortgage Default Index (MMDI) published by Milliman, Inc., showed that mortgage risk rate continues to increase in the second quarter of 2022 with heavy cash-out refinance volumes weighing on the market. According to Milliman, the default risk for ...
Read More »Home Price Appreciation Surpassed 15% in July
The latest iteration of CoreLogic’s Home Price Index (HPI) for July 2022 showed the annual home price growth rate slowed for the third consecutive month in July yet remained in an elevated state at 15.8%. This comes at a time ...
Read More »HUD Releases FMRs for Fiscal Year 2023
The U.S. Department of Housing and Urban Development (HUD) has today published Fair Market Rents (FMRs) for Fiscal Year 2023. FMRs, published annually, are an estimate of the amount of money that would cover gross rents (rent and utility expenses) ...
Read More »Zeroing in on Servicer Convenience Fees
The CFPB and state regulatory bodies are closely scrutinizing all mortgage-related fees, from the start of a loan to the ongoing servicing of the loan, to ensure compliance with the Fair Debt Collection Practices Act.
Read More »Americans Migrating Away from Metros
As national population growth sits at a record low, domestic migration was the key component of population change on state and local levels in 2021, according to demographic findings of Harvard University's State of the Nation’s Housing report released in ...
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