Trend of Declining Home Prices Continued in January
“2023 began as 2022 had ended, with U.S. home prices falling for the seventh consecutive month,” says Craig J. Lazzara, Managing Director at S&P DJI. Source: DS News
CFPB Rules That Certain State Disclosure Laws Are Consistent With TILA
In examining laws in New York, California, Utah, and Virginia, the Bureau determined that laws covering businesses in these states are not preempted by the federal Truth in Lending Act. [...]
Fannie Mae Executes $31.8B in Credit Insurance Risk Transfers
The GSE transfers a combined $926 million of mortgage credit risk to private insurers and reinsurers in its latest two CIRTs as it continues to reduce taxpayer risk by increasing [...]
Delinquency Rate Down 12.5% YoY
According to Black Knight’s “First Look” at February 2023 data, the national delinquency rate inched up seven basis points during the month to 3.45% but remains down 12.5% year-over-year. Source: [...]
U.S. Housing Market Descend From Pandemic-Era Boom
According to a new report from Redfin, housing markets in tech hubs nationwide are cooling quickly for reasons such as low housing inventory and tech layoffs. Source: DS News
What is Driving the Sun Belt Boom?
Cities in the Sun Belt have seen massive growth year-over-year as both median rent payments and median mortgage payments rose by over 20%. Source: DS News
First-Citizens Reaches Agreement With FDIC to Acquire SVB
FDIC turns ownership of Silicon Valley Bridge Bank over to First-Citizens Bank & Trust Company in a deal that includes the purchase of approximately $72 billion of Silicon Valley Bridge [...]
Fannie Mae Pushes Back Predicted Recession
Due to stronger economic performance than expected in Q1, Fannie Mae has pushed back the predicted recession to start sometime in the second half of the year. Source: DS News
The Homeownership Rate for Young, Single Women Declined in 2022
For the first time in six years, the trend of female homeownership rates for young single women declined in 2022, as a new Zillow report revealed women face gender-based housing [...]