IMBs Report 2022 Q3 Losses
According to the latest Quarterly Mortgage Bankers Performance Report, IMBs and mortgage subsidiaries of chartered banks reported a net loss of $624 on each loan they originated in Q3 of [...]
Banner Year for Most Expensive ZIP Codes
This year shattered records across the board; so much so that 14 ZIP codes now have average median property values of $4 million. Source: DS News
Fannie Mae Completes Final CIRT of the Year
In executing its 11th Credit Insurance Risk Transfer transaction of 2022 for $343 million, the GSE continues its effort to reduce taxpayer risk by increasing the role of private capital [...]
Investor Home Sales Slide in Q3
Redfin reports investor home purchases dropped 30% in Q3 of 2022, the largest decline reported since the Great Recession aside from Q2 of 2020, at the outset of the pandemic. [...]
The Front Lines of Property Preservation
DS News speaks to property preservation experts about how they’re navigating economic challenges, a shifting industry landscape, and an exodus of vendor partners as they attempt to maintain strong boots-on-the-ground [...]
Webinar Spotlight: Experts Discuss Servicing, Loss Mit, and More
Five Star gives thanks for the subject-matter experts who have headlined our 2022 lineup of webinars. Check out some of the recent highlights. Source: DS News
Pending Home Sales Fall Most on Record in October
As housing deal cancellations and home price cuts hit record highs, new data from Redfin's latest market analysis showed pending sales dropped 32% year-over-year in October, marking the largest decline [...]
California Court of Appeals Invalidates Default Interest Provision
Most courts inherently do not like default interest because they see it as an improper “penalty.” Attorney T. Robert Finlay examines what the First District of the California Court of [...]
Freddie Mac Reports Impact of Its Single-Family Green MBS Issuance
According to the GSE, in 2021, Freddie Mac’s Single-Family Green MBS Issuance totaled $617 million of bonds, backed by 2,454 Freddie Mac GreenCHOICE Mortgage refi loans. Source: DS News