According to Milliman’s latest Mortgage Default Index (MMDI) covering the first quarter of 2022, mortgage originations continued a decline recorded over the last three quarters due to increased interest rates and a decline in originations and refinances. The index value ...
Read More »Servicers Brace for Rise in Foreclosure Activity
Mortgage servicers polled in a new report expect 23% of seriously delinquent mortgages to complete foreclosure over the next year, with pandemic backlog and regulatory intervention having the biggest impact on foreclosure volume.
Read More »Institutional Investment in SFR Properties on the Rise
Development of new build-to-rent homes has soared in 2022 compared to 2021, as the industry is projected to surpass 2021’s record-high 7,705 deliveries.
Read More »A Housing Market ‘Grappling With a Mounting Affordability Crisis’
CoreLogic S&P Case-Shiller Index reports higher mortgage rates and recessionary concerns are taking a toll on buyer demand, as growth eased slightly in May from the pace of the prior two months.
Read More »Freddie Mac Taps Former Santander Exec to Lead Compliance Efforts
GSE adds 20-plus year compliance veteran Dennis Hermonstyne Jr. to oversee risk management for the company’s legal, regulatory, and conservatorship obligations.
Read More »Rep. Hill Calls for Increased GSE Oversight From FHFA
The ranking Member of the Housing, Community Development, and Insurance Subcommittee on the House Financial Services Committee, as well as nine other Republican committee members, drafted a letter urging further oversight of Fannie Mae and Freddie Mac activities.
Read More »Forbearance Data: Exits, Results & More
MBA reports the overall forbearance rate in June nearly plateaued, with just a four-basis-point month-over-month decline, as approximately 405,000 homeowners in the U.S. remain in forbearance plans.
Read More »The Changing of the Guard: A Conversation With NMSA’s Leadership
DS News spoke to the National Mortgage Servicing Association’s 2019-2021 Chair Wes G. Iseley and 2022-2024 Chair Jocelyn Martin-Leano about the state of the servicing landscape and what lies ahead.
Read More »Cost of Homes Adjusting to a New Market Equilibrium
Prospective buyers thwarted by record-high prices and inflationary issues may find relief in the coming weeks as Realtor.com notes softening demand and rising supply may give way to more buying opportunities.
Read More »Non-Performing GSE Loans Totaled $29B as of Year-End
The Federal Housing Finance Agency (FHFA) has released its latest report on the sale of non-performing loans (NPLs) by Government Sponsored Enterprises Fannie Mae and Freddie Mac (the GSEs). The latest edition of the Enterprise Non-Performing Loan Sales Report includes ...
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