Foreclosure Rate Ends 2022 at 0.3%
According to CoreLogic, foreclosure rates remained near record lows to close out 2022’s data. Source: DS News
Share of Vacant Homes in Foreclosure Increases for Fourth Straight Quarter
According to a new report from ATTOM, zombie properties represent just one of every 12,400 residential properties nationwide, as the count of vacant homes in foreclosure ticked up for the [...]
HUD Issues $3B-Plus in Grants to Public Housing Authorities
Latest round of HUD funding will allow authorities to modernize public housing for families, individuals, and seniors through the Department's Capital Fund Program. Source: DS News
Positive Economic Conditions Not Expected to Last
Even with a recession in the forecast, the economy appears to be an unexpectedly good place to start off the year according to Fannie Mae. Source: DS News
Suburban Housing Markets Faring Better Than Cities
According to a new report from Redfin, home values are holding up better in suburban areas than in cities, which have seen an influx of residents due to remote work. [...]
Forbearance Volume Falls Across All Investor Types in January
With nearly 320,000 U.S. homeowners in forbearance plans, the MBA reports that servicers’ portfolio forbearance volume dropped by six basis points month-over-month in January. Source: DS News
FHA Announces 30-Point Reduction in Mortgage Insurance Premiums
Reduction in MIP will result in an estimated savings of $678 million for American families by the end of 2023, and benefit an estimated 850,000 borrowers over the coming year, [...]
The Five Star Institute to Launch MortgagePoint Magazine
The new publication will serve as your one-stop source for full coverage of the mortgage lifecycle, from originations to default and everything in between. Source: DS News
Senate Examines the State of Housing
U.S. Senate Committee on Banking, Housing, and Urban Affairs held a hearing in February on the topic of “The State of Housing 2023” with three highly placed witnesses to give [...]