Foreclosures Rising, But Stall for the Holidays
ATTOM reports that foreclosure activity, up 98% year-over-year in November, has probably peaked for 2022. Source: DS News
Underserved Borrowers to Get Leg Up From Fannie Mae
Underwriting processes to be enhanced to now support loans for credit invisible borrowers. Source: DS News
HUD Examines Institutional Investor Impact on Housing Market
HUD’s Office of Policy Development & Research held its quarterly meeting to discuss the increase in activity by large institutional investors who oversee more than 1,000 properties in HUD’s portfolio. [...]
Redfin Looks to 2023
Redfin has laid out a list of predictions on what one should expect from the housing market next year. Source: DS News
Cities Where Renting Is More Economical Than Buying
When deciding whether to sign a lease or a mortgage, home shoppers will be considering this recent data from LendingTree that analyzes renting versus buying in the nation's largest metros. [...]
YoY Home Prices Up Despite Recent Drops
Ahead of the Federal Reserve’s Federal Open Market Committee Meeting on December 13-14, CoreLogic has announced the release of its latest Home Price Insights report, covering October 2022 along with [...]
Are AI, Machine Learning the Answer to Rising Home Costs?
A study from Harvard claims technology may not be the answer the industry is looking for in terms of boosting the nation’s housing supply. Source: DS News
HUD Secretary: Service Coordinator Program Funding Will ‘Increase Stability in Housing’
HUD earmarks nearly $30 million for 111 organizations—including public housing agencies, tribally designated Indian housing entities, resident associations, and nonprofits—for the hiring and maintenance of service coordinators. Source: DS News
Q3 Multifamily Mortgage Delinquencies Remain Low
After a recent report found nearly 1.4 million home loans nationwide were in some stage of delinquency, the MBA reports that multifamily delinquencies remained low in the third quarter of [...]