With the market shifting, here is why financial institutions should consider partnering with a mortgage servicer now.
Read More »Southern Regions Experience Surge in Migration
A recent survey from CraftJack showed that 1 in 5 Americans moved in 2021 following the onset of the pandemic. New data reveals that the South is seeing the greatest increase in migration, while the Northeast is losing the highest share of residents.
Read More »Homeowners Becoming Landlords to Retain Record-Low Mortgage Rates
Although the market frenzy has begun to slow, inflation and economic uncertainty are still prompting many Americans to hold off on significant financial decisions such as moving or buying a home, with rents rising nearly 10% year-over-year in September.
Read More »Nearly a Million Americans Fear Losing Their Home to Foreclosure
With many households unable to afford necessary expenses as a result of rising rates and inflated home prices, a recent study from LendingTree revealed that many American homeowners report being worried about or likely to leave their home due to foreclosure in the next two months.
Read More »Growing Affordability Constraints Persist for Buyers
With many Americans citing high home prices and mortgage rate conditions as primary reasons for being unable to afford a home, an estimated 75% of consumers in Fannie Mae’s latest Home Purchase Index believe now is a bad time to buy a home, causing many to pull back from their home searches.
Read More »YoY Bankruptcy Filings Increase for Second Straight Month
According to Epiq Bankruptcy's latest market analysis, the total number of filings increased an overall 7% in September, while commercial Chapter 11 filings increased nearly 80% over the last year.
Read More »CFPB Seeks to Expand Homebuyer Options
The Consumer Financial Protection Bureau (CFPB) is asking for public input on ways to spur new mortgage products that help households. The CFPB seeks insights on ways to improve mortgage refinances for homeowners who would benefit from refinancing, especially for ...
Read More »Ginnie Mae MBS Portfolio Expands to $2.3T
Ginnie Mae’s mortgage-backed securities outstanding portfolio grew for the 14th consecutive month in August, hitting $2.269 trillion, up from $2.248 trillion in July, and $2.119 trillion last year. This growth was fueled by steady new issuance of Ginnie Mae MBS ...
Read More »Record Share of Homebuyers Looking to Relocate
The housing market has slowed following a pandemic-driven buying frenzy, with home sales falling and supply starting to rise due to rising mortgage rates, high home prices, inflation, and a faltering economy. According to a new report from Redfin, a ...
Read More »May Marks Least Affordable Housing Market in 16 Years
Rising home prices and unpredictable interest rates continue to complicate affordability pressures in the housing market. However, the same dynamics have also served to increase the housing wealth of American mortgage holders by a significant margin, according to the latest ...
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