While racial disparities in homeownership are at their highest level in 50 years, closing the Black-white homeownership gap in the U.S. will take adding nearly five million African American homeowners, according to the U.S. Department of Housing and Urban Development.

“Overall credit performance remains solid for higher credit quality borrowers, but that is in an economy with unemployment rates below 4%,” Freddie Mac said in their report.

“HUD recognizes that cities are in need of revitalization across the country,” said HUD Secretary Marcia L. Fudge. “We want to support city governments in their efforts to restore economically crucial business districts by providing housing in these areas.”

Five Star’s Legal League has published a white paper detailing how the government’s Homeowner Assistance Fund has provided relief and loss mitigation options for homeowners nationwide during the pandemic.

The 2023 Women in Housing Awards will be presented during the 20th annual Five Star Conference and Expo at the Hyatt Regency in Dallas, Texas on Wednesday, September 20 at 12:30 p.m. CT. Nominate your colleagues and companies today to give them the spotlight and recognition they deserve.

According to the RE/MAX National Housing Report for May 2023, while home sales and new listings rose ahead of typical peak selling months, the lack of U.S. housing supply remains a challenge for many homebuyers.

A small study of mortgage professionals found that many of those surveyed are living paycheck to paycheck as the result of inflation, high interest rates, fewer deals, and other job uncertainties.

The bipartisan measure would cut taxes for middle-class homeowners by restoring and extending an expired tax deduction for home buyers with MI, as well as expanding the number of families eligible for the deduction.

An upcoming webinar will forecast housing values over the next year, given the current market environment, as well as discussing loss mitigation decisioning.

Attorney Joseph T. McCormick details a recent Ninth Circuit opinion on when a servicer can take possession of a property under the Oregon Unlawful Trade Practices Act.