Home Sellers Coming Off the Sidelines
According to a new report from Redfin, home sellers are starting to resurface to meet homebuyer demand as mortgage rates continue to decline, with new listings and pending sales posting [...]
Seriously Underwater Mortgages Below 3%
According to new ATTOM data, 16 times as many mortgages are equity rich versus seriously underwater. Source: DS News
HUD Awards $315M in Grants to Address Rural Homelessness
The U.S. Department of Housing and Urban Development has announced the first set of communities to receive grants and vouchers to address homelessness among people in unsheltered settings and rural [...]
OrangeGrid’s Mortgage Servicing Solution Now Live at Flagstar Bank
Flagstar Bank has implemented mortgage servicing software provided by OrangeGrid to manage its loss mitigation processes and enhance internal efficiencies. Source: DS News
Webinar Spotlight: Servicing Tech, Mortgage Data & More
Join the Five Star Webinar Series in the weeks ahead for exclusive presentations from Five Star and partners at OrangeGrid, Sagent, and Boston National. Source: DS News
Ginnie Mae Finalizes Requirements for Pooling Re-Performing Mortgage Loans
Ginnie Mae has revised the pooling requirements for re-performing loans with the publication of All Participants Memorandum 23-03, that announced a reduced seasoning period for re-performing loans. Source: DS News
Consumers Look to Credit, Home Equity to Stay Afloat
According to the Q4 2022 Quarterly Credit Industry Insights Report (CIIR), data shows Gen Z consumers are opening credit cards and homeowners are taking out home equity lines of credit [...]
Fed Hikes Interest Rates by 25pts
This is now the eighth consecutive rate hike, an increase of 4.5% since the hikes began. Source: DS News
New-to-Credit Consumers May Be Better Risk Than Previously Thought
Those with new credit files used to be considered higher risk than those with an established credit history, but new data from TransUnion finds that is not necessarily true. Source: [...]