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: [...]
Texas Tornadoes Cause Nearly $4.6B in Property Damage
CoreLogic estimates that approximately 18,600 homes within a Houston-area tornado footprint suffered damage in a late January storm path. Source: DS News
Pandemic Boomtowns Experiencing Waning Price Growth
Supply and demand dynamics have given homebuyers more leverage to start the year, providing them with an advantage at the negotiation table. Source: DS News
HUD Seeks to Expand Housing Counseling to Tribal Areas
Proposed rule seeks to expand Tribal participation in HUD-approved housing counseling by removing impediments to counselor certification. Source: DS News
FHA to Expand and Extend COVID-19 Mitigation Programs
Servicers can begin offering post-pandemic loss mitigation immediately, regardless of the cause of the borrowers' delinquency. Source: DS News
Cenlar Appoints James Daras CEO and President
With more than 40 years of experience in risk management, banking and corporate finance functions, and venture capital investing, James Daras is tapped to lead nationwide mortgage loan subservicer. Source: [...]
Housing Market Begins to Recover from November Low
According to a new Redfin report, mortgage applications are up nearly 30% from early November, as the average 30-year-fixed mortgage rate declined to 6.15% from its November peak. Source: DS News