5 Things You Need in a Non-QM Portfolio Manager
Janina “Gigi” Woods of Planet Management Group discusses the factors investors must consider in this rapidly changing economic environment. Source: DS News
Nayda McKain Promoted by Cenlar to VP, Human Resources
Former Fannie Mae Chief of Staff is promoted by Cenlar to help drive organizational change, employee engagement, process improvements, and business continuity within the subservicer. Source: DS News
Mortgage Rates Post Biggest Drop in 40 Years
According to Redfin’s most recent Housing Market Report, mortgage rates dropped from over 7% last week to 6.6% this week on better-than-expected inflation numbers. Source: DS News
HUD Reaffirms Its Efforts on Climate Change
HUD Secretary Marcia L. Fudge and Deputy Secretary Adrianne Todman addressed the 27th U.N. Climate Conference to discuss the Department’s climate action plan through improving efficient and resilient building standards. [...]
Probate-Foreclosure Knot Untangled?
It’s not often that a modern-day court relies on case law from 1896, but a recent case did exactly that, examining long-standing friction between Illinois probate and foreclosure law. Source: [...]
Share of Distressed Home Sales Shrinks in October
Distressed sales, including foreclosures and short sales, comprised just 1% of home sales in October 2002 according to new NAR data, down from 2% in September. Source: DS News
Rental Relief: Rents Grow at Slowest Pace in 18 Months
Despite the decline in rental costs nationwide, affordability remains a concern among most tenants. Source: DS News
Appraisal Modernization: Where We Are Now, What to Expect in 2023
Phil King of EXOS Valuations at ServiceLink discusses how technology has advanced the appraisal industry, and what lies ahead for the market in the next year. Source: DS News
Fixed-Rate Mortgages Take 47-Basis Point Dive
With news that inflation may have peaked, Freddie Mac reports that the fixed-rate mortgage fell below the 7% mark, leading to a slight rise in overall mortgage app volume for [...]