New program commits to serving manufactured housing markets, as data shows residents of owner-occupied manufactured housing tend to have lower incomes than owners of site-built homes.
Read More »Higher Mortgage Rates Expected to Slow Housing Activity
According to the April 2022 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group, expectations of aggressive monetary policy tightening through 2023 by the Federal Reserve are expected to further moderate economic output already being weighed down by ...
Read More »Exploring the Latest Credit Trends
With consumer credit performance maintaining healthy levels across mortgage, auto, credit card, and personal loans, lenders continued to ramp up new account origination growth in the non-prime segment of the market near the end of 2021. TransUnion’s newly released Q4 ...
Read More »Investment Property Demand Hits 12-Month High
Demand for second homes and investment properties was up 87% from pre-pandemic levels in January, hitting highs not seen in a year.
Read More »Second Home Mortgage Rate Locks Reach Record High
Pacaso released their Second Home Market Report, the most timely and localized data available for the top 50 second home markets. The report shows that in Q1 of 2021, the percentage of second home mortgage rate locks hit its highest recorded level, with the share ...
Read More »Sagent Announces Multi-Year Extension with Gateway First Bank
A new deal is predicted to accelerate community-focused growth in banking and mortgage by combining digital simplicity with smart human advice, as Sagent announced a multi-year servicing partnership extension with Gateway First Bank. "Gateway is the future of financial services because they have proven how community banking ...
Read More »Renters More Likely to Miss Monthly Payments
It is no secret that renters are typically lower-income earners when compared to homeowners and are disproportionately affected by market fluctuations and outliers such as COVID-19. But now that most federal- and state-level protections have expired, it has been found that renters were three times ...
Read More »Rising Home Prices Drive Up Mortgage Costs
Amid rising home prices, the average mortgage payment has increased by $50 over the last six weeks as sellers’ median asking price increased 12% year over year to a new record high according to a new report from Redfin. Even though median asking ...
Read More »Ali Haralson Promoted to President of Auction.com
“It’s a very special historical milestone for Auction.com to promote its first woman president, and to do so during Women’s History Month,” Allnutt said. “Nothing better represents our commitment to recognizing and promoting fantastic talent, while creating a more diverse and inclusive company.”
Read More »A Look at ‘Economically Integrated’ Neighborhoods
A new Redfin study analyzed the mix of affordable and high-end homes in neighborhoods across 30 of the largest American cities to determine which are the most economically-integrated.
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