The MBA has updated its commercial real estate forecast for 2024, as total commercial and multifamily mortgage borrowing and lending expected to rise 29% from 2023’s estimated total of $444 billion.
Read More »Increasing Transparency in the Mortgage Process
Dean Kelker of SingleSource Property Solutions explains how the evolution of mobile technology and AI will greatly assist in furthering education on the front end and back end of the loan origination process.
Read More »FHFA Supplemental Partial Claim: The Next Iteration
Taking a deep dive into Supplemental Partial Claims, Joseph Smith of Stretto explains the benefits and drawbacks they present in today’s mortgage landscape, and other considerations.
Read More »What Next? Forecasting the 2024 Housing Market
After a roller-coaster two years, experts expect a ‘flat stretch’ over the next 12 months, according to a new report.
Read More »FHA Reports on Delinquency, Credit Access in Report to Congress
In its Annual Report to Congress for fiscal year 2023, the FHA detailed the work of its single-family mortgage insurance programs in fiscal year 2023, including updates on credit access, capital in the MMI Fund, and delinquency rates of mortgages in its portfolio.
Read More »Growing Multifamily Supply Contributes to Easing of Nationwide Rental Costs
Nationwide, Redfin found that asking rents rose just 0.4% year-over-year to an average of $2,011 in September, as an increasing supply in recent years has flooded the market with inventory.
Read More »OCC: Nearly 7,400 New Foreclosures Initiated in Q2
The OCC has issued its findings on the performance of first-lien mortgages in the federal banking system during Q2, as 97.3% of mortgages were found current and performing at the end of the quarter, compared to 97.6% in Q1.
Read More »Options Constrict Further for July Homebuyers
Realtor.com reports that after four months of slowing inventory growth, active listings declined annually in July for the first time in more than a year.
Read More »Relocating Homebuyers Targeting Sin City
In a study on Q2 migration nationwide, Redfin reports the typical Las Vegas home costs less than half as much as one in Los Angeles, San Francisco, or Seattle.
Read More »U.S. Foreclosure Filings Exceed 185K in First Half of 2023
ATTOM reports that foreclosure activity through the first six months of 2023 maintained an upward trajectory, nearing levels last recorded prior to the pandemic.
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