Mortgage, Delinquencies Snapshot as 2022 Wrapped Up
According to Black Knight, mortgage delinquencies were up seven basis points month-over-month but down 9% year-over-year. Also, prepayments fell for the third straight month. Source: DS News
Moderating Market Fuels Slowdown in Pending Sales
As mortgage rates continue to fall, a new report from Redfin revealed mortgage applications are up 25%, and the slowdown in pending sales is beginning to moderate. Source: DS News
Biden Takes Action to Promote Renters, Affordability
In order to further the principle of fair housing, the Biden-Harris Administration has announced new action to increase fairness in the rental market. Source: DS News
CoreLogic Names Selma Hepp Chief Economist
Serving in the Interim Chief Economist role since July 2022, CoreLogic promotes Selma Hepp to lead team producing insights to help industry stakeholders better navigate today’s real estate environment. Source: [...]
Sun Belt Cities Ranked Most Popular Relocation Destinations
A new Redfin report revealed that after Sacramento and Las Vegas, Miami was the most popular migration destination in Q4, followed by Tampa and Phoenix. Source: DS News
Insurance Companies Expected to Increase Risk Tolerances
“U.S. insurers expect to increase their tolerance for risk even as market volatility remains elevated and higher quality assets are finally offering more compelling yields,” said Woody Bradford, CEO and [...]
HUD Invests $5.5 Million in Hispanic Serving Institutions
HUD’s support will help strengthen capacity and invest in innovative and actionable research for Hispanics to address issues regarding housing, economic development, and the built environment for underserved communities. Source: [...]
Housing Market Potential Drops 17% YoY
“The steep annual decline in market potential was largely a result of higher mortgage rates, which prevent both buyers and sellers from jumping into the market,” said Mark Fleming, Chief [...]
Report: Forbearances “Reach a Floor”
For the third consecutive month, the nation’s forbearance rate has remained relatively flat, as new forbearance requests and re-entries have been reported at nearly the same pace as exits. Source: [...]