Large Cities Most Vulnerable to Declines
Costal areas and large cities are the most likely candidates to see home price declines in the future while the South and Midwest regions are less vulnerable. Source: DS News
The Speed of Innovation
Representatives of Flagstar, Selene Finance, and OrangeGrid discuss the keys to getting mortgage servicing technology projects approved and executed within a 90-day timeframe. Source: DS News
McCalla Raymer Leibert Pierce Names Elizabeth De Silva General Counsel
The firm’s former Deputy General Counsel is promoted to new role, bringing more than 20 years of experience in residential real estate law and mortgage banking to the position. Source: [...]
Cenlar Appoints Michelle DeHart as VP of Loan Operations
DeHart will oversee all escrow functions, including tax, insurance, flood insurance, and escrow analysis. Source: DS News
Q4 2022 Delinquency Risk Held Steady at 3.5%
"The slight uptick in economic risk from 2022 Q3 to Q4 was offset by a decrease in borrower and underwriting risk, leading to the overall default risk remaining flat," said [...]
Biden’s 2024 Budget Targets Housing Crisis
President Biden’s proposed fiscal year 2024 budget would significantly invest in building affordable housing, expand access to homeownership, combat housing discrimination, and enhance household mobility. Source: DS News
Home Equity Gains Experience Significant Decline from Q1 2022
U.S. homeowners with a mortgage gained an average of $14,300 between Q4 2021 and Q4 2022, a significant decline from the $63,100 gain seen the first quarter of 2022, according [...]
HUD Issues Final Rule to Offer 40-Year FHA Loan Mods
The Department believes that its new rule will serve as a critical home retention tool for borrowers in a volatile interest rate market. Source: DS News
Foreclosure Filings up 18% YoY
According to ATTOM data, foreclosure filings continued to trend down slightly month-over-month but remained significantly elevated year-over-year. Click through to learn what the latest data forecasts for the months ahead. [...]