A new study from Bank of America revealed 73% of Gen Z reported that the current economic environment has made it more challenging to save. Many respondents said inflation has created even more financial stress, while surging rents or home prices have made it harder to afford day-to-day necessities.
Read More »Home Equity Finds New Highs
Home equity hit a new high in the second quarter according to CoreLogic, as homeowners with mortgages gained a collective $3.6 billion year-over-year over the course of a single quarter. According to CoreLogic’s Homeowner Equity Report, homeowners with mortgages (which ...
Read More »Lessons Learned From Pandemic Servicing
Subject matter experts from Mr. Cooper, Richey May, Sagent, and The Basis Point discuss the health of America's $12 trillion mortgage servicing industry, asking, “Are we in a golden age of mortgage servicing?”
Read More »Average Homeowner Equity Exceeds $233K
Credit bureau TransUnion has released its second quarter Credit Industry Insights Report which highlighted how the number of consumers with credit cards and personal loans has reached record highs, driven by an increase in loans to non-prime consumers. “Consumers are ...
Read More »Homeowners Gained $3.8T in Equity Q1
As home prices continue to reach new highs, the amount of equity homeowners gained in one quarter was more than $3 trillion.
Read More »FHFA Issues Equitable Housing Finance Plans for the GSEs
The multi-year Federal plan was drafted to outline initiatives geared toward the promotion of equitable and sustainable access to housing for all.
Read More »HUD Provides Framework to Advance Housing Equity Nationwide
The Department’s new Equity Action Plan outlines its commitment to bringing equity to the forefront within the Biden Administration by reducing the racial homeownership gap.
Read More »Freddie Mac Recognized for Workplace Equality
A commitment to diversity, equity, and inclusion in the workplace earns the GSE a perfect score by the Human Rights Campaign Foundation.
Read More »Homeowners Gain $3.2T in Equity
Mortgage holders have seen the highest rate of equity growth in 45 years, equaling roughly $56,700 per property.
Read More »U.S. Negative Equity Decreases by 12% in Q2
While negative equity has dipped nationwide in the second quarter, the average U.S. homeowner has netted an average gain of $51,500 since Q2 of 2020.
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