The Federal Reserve Board, the regulator required to select the benchmark replacement for legacy USD LIBOR contracts, represents a key milestone necessary to prepare the mortgage market for the cessation [...]

Pending home sales recorded the second-lowest monthly reading in 20 years as pending transactions dropped by nearly 40% year-over-year, while contract signings also slipped from October. Source: DS News

As home prices and mortgage rates fall from their peak, the typical homebuyers’ monthly housing payment declined nearly $300 from October, according to a new report from Redfin. Source: DS [...]

The Department’s latest round of funding will help bridge the wealth gap by connecting residents of public housing to employment and education. Source: DS News

Ginnie Mae’s November new MBS issuance supports the financing of more than 122,000 households nationwide, including more than 55,600 first-time homebuyers. Source: DS News

However, November’s total of starts still trails highs seen in June 2022 and remain well below pre-pandemic levels. Source: DS News

Despite declining home prices, affordability worsened in the fourth quarter of 2022. Click through to find out what this means for the future. Source: DS News

The FHFA reports that Fannie Mae and Freddie Mac sold 155,034 non-performing loans with a total unpaid principal balance (UPB) of $28.7 billion from the program’s inception in 2014, through [...]

Jane Mason of Clarifire discusses the traditional mindset that servicers either need to buy technology or build it themselves, a thought process that has handcuffed the industry’s digital growth. Source: [...]