According to a new analysis from CoreLogic, California, Washington, D.C., and Georgia now lead for the highest investor shares in Q2, as investors accounted for 26% of all single-family home purchases in June.
Read More »Independent Mortgage Banks Report Q2 Losses
Independent banks reported a pre-tax net loss of over $500 on every loan originated during the second quarter of 2023. This marks a notable improvement over losses posted in the first quarter.
Read More »New Homes Make Up Near-Record Share of Housing Inventory
Homebuyers are turning to newly built properties amid the severe inventory shortage, according to a new market report from Redfin, which revealed new construction homes made up 31.4% of single-family homes on the market nationwide in Q2.
Read More »Trade Groups Submit Comment on the FHFA’s G-Fee Structure
Multiple trade associations have responded to the FHFA’s Request for Input on the GSEs’ Single-Family Mortgage Pricing Framework through the promotion of responsible homeownership opportunities for all home-ready borrowers.
Read More »HUD Announces Additional Assistance to Hawaii Communities Impacted by Fires
The Department has issued regulatory and administrative waivers to allow the use of funding to help communities in Maui and the Island of Hawaii to accelerate recovery efforts.
Read More »Census Bureau Finds Building Permits Increased in July
According to the U.S. Census Bureau, privately owned housing units counted by the number of building permits issued in July were at a seasonally adjusted annual rate of 1,442,000. This number is slightly above the revised June rate but still 13% below the July 2022 rate of 1,658,000.
Read More »Investing in Opportunity Zone Funds for Business and Sustainable Construction
By understanding the potential of investments in Opportunity Zones, investors can maximize their returns, promote green building initiatives, and shape the future of the construction industry.
Read More »Upcoming Webinar: Preserving the Dream of Homeownership
In the latest installment of the Five Star Webinar Series, Five Star and Brookstone Management will host a discussion about combating blight, returning foreclosed properties to the market, and protecting property values. Tune in for insights from Brookstone, Fannie Mae, and U.S. Bank.
Read More »Study: Black Homebuyers More Likely to be Denied for Mortgage
While racial disparities in housing pose challenges for homebuyers nationwide, a new report from LendingTree revealed that in the 50 largest U.S. metros, Black Americans are nearly 2% more likely to be denied a mortgage than the overall population.
Read More »Cenlar Names Five New Directors and Promotes Three Execs
Ewing, New Jersey-based mortgage subservicer names S. Courtney Collier-Beyer, Ajanta Jain, William Keller, Austin Stoop, and Terry Webb to new Director positions, while promoting Jacob Foerter, Andrea Leisten, and Laura Ann Pontelandolfo to new roles.
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