While homebuying remains a volatile process, according to a new study, only 14% of Americans surveyed know the current median home price, and just 12% know the interest rate remains near 7%.
Read More »Mortgage Wire Payoff Fraud Attempts Increase Five-fold
A new company, CertifID’s PayoffProtect, has achieved widespread adoption in the title and real estate industry, resulting in $37B in transactions protected from fraud.
Read More »HUD and VA Launch Program to Transition Veterans to Permanent Housing
HUD and the VA will partner on a series of “Boot Camp” workshops to address homelessness across the nation’s veteran population.
Read More »Ginnie Mae’s MBS Portfolio Hits $2.4T-Plus in July
As Ginnie Mae celebrates its 55th anniversary, its mortgage-backed securities portfolio outstanding grew to $2.44 trillion in July 2023, assisting more than 57,000 first-time homebuyers achieve the American dream of homeownership.
Read More »Wildfires, Property Values, and San Diego
How wildfire risks impact property values in San Diego County.
Read More »Trading Rent for a Mortgage Not a Better Deal for Everyone
Those who move from renting to the homeowning game are not necessarily getting the full return out of their mortgages. A new report from Point2 found that homebuyers who trade their rent for a mortgage of the exact same amount (complete with fees and taxes) do not necessarily get more bang for their buck.
Read More »Maximizing Opportunities in the REO Space
Members of the Board of the NRBA (National REO Brokers Association) were featured in a recent webinar discussing the next boom in REO business, and how to adjust your systems to deal with a growth in volume.
Read More »Is Homeownership the Key to Building Wealth?
While homebuyers nationwide continue to struggle with the inflated cost of living and high home prices, a new survey from Arrived revealed an estimated 87.2% of Gen Zers said homeownership is important when building wealth. About 65% cite financial security and stability as the top two reasons why they want to own a home.
Read More »Home Purchase Sentiment Improves, But Few Believe It’s a Good Time to Buy
Despite those surveyed reporting job stability and personal financial improvements, Fannie Mae’s Home Purchase Sentiment Index still shows 82% of consumers reporting that it’s a “bad time to buy.”
Read More »HUD Issues Updates on Solar Programs
Updates from the Department support the expanded use of solar program benefits for assisted housing residents, tying into the Biden Administration’s Inflation Reduction Act.
Read More »