Tag Archives: pandemic

With the market shifting, here is why financial institutions should consider partnering with a mortgage servicer now.

As fears of a recession grow, it would be prudent for everyone—servicers and regulators alike—to think hard about default servicing improvements and reforms.

Home price growth showed signs of slowing in August 2022 as rates fell to 12% on an annualized basis—off from its 35% peak—according to the latest Home Price Index published by homegenius.

Despite the struggles faced by the overall housing market, luxury second home mortgage rate locks remained 152% above their pre-pandemic level in Q3 of 2019, with remote workers continuing to lead the charge.

COVID-19 presented mortgage servicers with a new challenge, creating and executing new customer solutions, while managing the impact of the pandemic on their own workforce.

A study by Redfin found that real estate investors acquired approximately 87,500 homes nationwide in Q2, a total that was up 11% quarter-over-quarter.

The pandemic certainly tested the housing industry, but as Alex Kudman and Srijan Sareen of Enact Mortgage Insurance explain, the data collected provided what was needed to make the correct decisions to better serve borrowers undergoing hardships.

Reporting a 13.4% year-over-year increase, a new study detailing the nation’s single-family rental market has found the industrial Midwest region driving market activity, with low rental prices and a rise in listings.

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.

Redfin reports homebuyers are relocating to climate risky areas, despite intensifying natural disasters, as homes with high fire and flood risk sold for a premium during the pandemic.