News

An upcoming webinar presented by the Five Star Institute and DocMagic will focus on adopting an all-digital mortgage lending process while addressing concerns and building rapport with borrowers during the transition.

HUD makes its largest-ever, single-year investment in fighting homelessness nationwide with its latest round of funding, awarded through the Department’s Continuum of Care Program.

While the nation’s housing marketplace continues to experience instability, a new report from Point2 has found stability in the price, demand, sale, and inventory levels in luxury properties through the first half of 2023.

The latest Environmental, Social, and Governance Report from the GSE finds that racial or ethnic minorities comprised 58% of Fannie Mae’s workforce in 2022, with women comprising 44% of that group.

Overall mortgage performance was on the upswing in the first quarter of 2023, as the OCC reported banks serviced approximately 12 million first-lien residential mortgage loans with $2.7 trillion in unpaid principal balances—representing 22% of all residential mortgage debt outstanding nationwide.

“Investing in our Tribal communities is essential. HUD is committed to ensure support, so these communities have access to essential resources.” said HUD Secretary Marcia L. Fudge. “The purpose of these grants is to create more equitable outcomes for Tribal residents.”

In addition, a new report notes that Fannie Mae and Freddie Mac completed 58,268 foreclosure prevention actions in Q1 2023. Click through to read the other data from the GSEs’ Q1 2023 Foreclosure Prevention and Refinance Report.

As the total number of homes for sale declined 11% from a year earlier, a new report from Redfin revealed the typical U.S. home is now selling for an estimated $4,000 less than last year’s all-time high, while new listings fell nearly 30% from 2022.

A new report from Insurify projects that home insurance premiums are expected to rise 9% in 2023, led by issues with the nation's supply chain and climate change.

Most service members, while realistic about challenges they may face in the current housing landscape, feel a home purchase is ‘within reach’ according to a new survey from Veterans United Home Loans.