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REO

Study: Nearly 72% of Renters Don’t Believe They’ll Own a Home

A new survey from Rent. revealed one in four renters spend 50% or more of their income on rent, leaving many Americans to believe they'll never own a home due to steep home prices and elevated mortgage rates. Meanwhile, 71% of respondents reported they are shifting priorities to being debt-free instead of saving for a down payment.

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Keeping Afloat

MortgagePoint speaks with mortgage servicing execs from BOK Financial, Carrington, the NMSA, PHH Mortgage Corporation, and Servbank about the unusual times and unusual opportunities the industry faces midway through 2023.

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Nationwide Supply of Low-Cost Rentals Down in Every State

As rental demand heightens, the overall supply of low-rent units has fallen by 3.9 million over the last decade due to rent increases in existing units, building condemnations, and demolitions, according to the latest Joint Center for Housing Studies State of the Nation Housing report.

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GSE REO Inventory on the Rise in Q1

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.

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