Black Homeowners Experience the Smallest Wealth Gains Nationwide
Although Black homeowners experienced the smallest wealth gains among any other racial or ethnic group, homeowners were able to accumulate over $115,000 in wealth in the last decade, according to [...]
Number of GSE Loans in Forbearance Continues to Drop
The MBA reports that pandemic-related loss mitigation options have pushed forbearance levels lower, as mortgage performance remains strong with post-forbearance workouts increasing in March. Source: DS News
Builders Remain Optimistic as Lack of Resale Inventory Helped Fuel Demand
"Currently, one-third of housing inventory is new construction, compared to historical norms of a little more than 10%,” said NAHB Chief Economist Robert Dietz. “More buyers looking at new homes, [...]
HUD Earmarks Nearly $3B in Funding to Eliminate Homelessness
To further the Biden Administration’s commitment to addressing the nation’s homelessness crisis, HUD has issued $2.8 billion in Continuum of Care Competition Awards for thousands of local homeless service and [...]
Home Sellers Hesitant to Take on New Mortgages
A new survey from Realtor.com revealed an estimated 82% of home sellers feel 'locked in’ to their current home due to a low mortgage rate, but many are hesitant to [...]
CBC Taps Alicia Wood as Director of Servicing and Asset Management
In newly created role, Alicia Wood will be tasked with administering CBC’s entire loan servicing operation, and responsible for servicing oversight and loss mitigation activity on all first and second [...]
HUD Injects $30B to Help Provide Affordable Housing
The U.S. Department of Housing and Urban Development announced an available $30.3 billion for the Housing Choice Voucher Program that will help Public Housing Authorities address recent rent inflation and [...]
Female-Headed Households Still Struggle to Achieve Homeownership
According to a new study from Urban Institute, research revealed that among never-married households, there was a steady six-percentage-point female-male homeownership gap between 1990 and 2021. Source: DS News
Rents Slowly Returning to Pre-Pandemic Levels
Redfin reports the median U.S. asking rent fell 0.4% year-over-year to $1,937 in March 2023—the first annual decline since March 2020. Source: DS News