A new study from WalletHub revealed which cities throughout the nation are ranked the best and worst places to raise a family, with half of the top 10 best areas located in California, while Midwestern cities like Detroit and Cleveland came in last.
Read More »Housing Market Potential Increased Modestly in May
"Our Potential Home Sales Model increased modestly in May, but is still down 5.7% from a year ago,” said Mark Fleming, Chief Economist at First American. “The primary factor limiting housing market potential is existing homeowners staying put."
Read More »Critical Defect Rate Falls to Under 2%
“After last quarter’s historic high of 2.47%, the reduction in Q4’s critical defect rate to a sub-2% level is encouraging and illustrates just how much the precipitous drop in origination volumes impacted lending operations,” said ACES EVP Nick Volpe.
Read More »Summer Buying Frenzy? Data Says Otherwise
The first month of the typically hot summer buying season produced less than stellar available home numbers, falling over 7% to a new record low.
Read More »Servicers’ Forbearance Volume Dips to Three-Year-Low
The MBA reports nationwide forbearance volume has reached levels not seen since March 2020, attributed to a strong jobs market and the array of loss mitigation options introduced since that time.
Read More »OCC Measures Key Risks Impacting the Banking System
After closely monitoring the condition of the institutions it supervises throughout the market stress this spring, a new report from the OCC examines how financial institutions have managed risk and restored confidence in the banking system in Q1.
Read More »Rent Growth Has Declined for 12 Straight Months
“Single-family rent growth has slowed for a full year, and overall gains are approaching pre-pandemic rates,” said Molly Boesel, Principal Economist at CoreLogic.
Read More »Better Together: The Importance of a Diverse and Inclusive Workforce
Experts discuss the importance of D&I strategies in the workforce, in business, and throughout the mortgage industry, highlighting the strategies utilized to promote equity in the U.S. housing system for renters and homeowners nationwide.
Read More »May’s New Residential Construction Numbers ‘Above Consensus Expectations’
The numbers are in from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, and the news is good—at least on a short-term scale.
Read More »Cenlar Names David C. Schneider EVP and CFO
Cenlar places 35-plus year veteran in role to handle all financial planning, treasury activities, taxes, insurance, real estate and property management, and vendor relationships.
Read More »