Fed Raises Interest Rate to 15-Year High
FOMC raises the borrowing rate half a percentage point, ending a series of four consecutive three-quarter point hikes. Source: DS News
Fueling Growth in Mortgage Subservicing
ServiceMac President/CEO Bob Caruso shares his perspectives on the impact of technology on the servicing industry, and what lies ahead for the servicing sector in 2023. Source: DS News
People of Color Less Likely to Own Their Homes Than Whites
According to the Joint Center for Housing Studies at Harvard University, in the past two years, a growing number of for-profit and non-profit lenders have created special purpose credit programs [...]
Banks Feel Pressure of Changing Industries
As banks grapple with developing and adopting next-gen analytics, credit risk, and other technologies, a digital revolution may be on the horizon. Source: DS News
Average Rent Surpasses $2,000
Rent gains in November fell for the sixth straight month. Click through to find out how much it slowed by. Source: DS News
FHFA, CFPB Unveils Updated National Survey of Mortgage Originations Data
New data released from the FHFA and CFPB revealed the COVID-19 pandemic shaped the mortgage borrower experience in 2020, where nearly 50% of borrowers reported that a paperless online mortgage [...]
CFPB to Establish Registry to Detect Repeat Offenders
Proposal of a registry of company and court order information will assist the Bureau in identifying and mitigating risks to American households. Source: DS News
CoreLogic Announces Suite of Property Risk Tools
New solution offers a view of physical risk, leveraging Google Cloud, combining hyperlocal property data with financial information to estimate and mitigate the impact and cost of future catastrophes. Source: [...]
Homeownership Remains Top Priority
As the market hit new highs over the last year tanking affordability, those sidelined by it still view homeownership as their top priority. Source: DS News