Study Finds One-Third of U.S. Homes Are Bought With Cash
According to a new report from Redfin, nearly one-third —or 31.4%— of U.S. home purchases were paid for with all cash in July. That’s near the eight-year high reached in February and [...]
Fannie Mae Onboards New Chief Risk Officer
Fannie Mae has announced it has appointed Anthony Moon as Executive Vice President and Chief Risk Officer (CRO), effective starting in the fourth quarter 2022. In this role, Moon will [...]
The Week Ahead: House Committee to Examine the Impact of Wildfire
An upcoming House Financial Services Committee hearing will discuss climate change’s impact on the nation, as wildfires burned an average of 6.8 million acres annually, putting homeowners in at-risk areas [...]
Most At-Risk Counties Clustered in Chicago, New York City Area
ATTOM has released a Special Housing Risk Report spotlighting county-level housing markets around the United States that are more or less vulnerable to declines, based on home affordability, unemployment and [...]
Gary Gaskin Joins Cenlar as VP of Transfer Services
Twenty-five-year industry veteran will be responsible for the Ewing, New Jersey-based mortgage loan subservicer’s loan boarding, acquisitions, and transfers, as well as identifying opportunities to automate processes and improve operational [...]
Lack of Transparency Hinders the Unbanked
A new report from LexisNexis Risk Solutions focusing on financial transparency and inclusion has found that among Americans, those most financially at risk are the “unbanked”—or those without a traditional [...]
New Bill to Accelerate the Processing of VA Loans
The passage of HR 7735 will ease the barriers faced by veterans in obtaining an appraisal on a VA loan, evening the playing field in a competitive housing marketplace. The [...]
Freddie Mac Announces $536M Securitization of Re-Performing Loans
Freddie Mac has announced the pricing of its second Seasoned Credit Risk Transfer Trust (SCRT) offering of 2022 —a securitization of approximately $536 million including both guaranteed senior and non-guaranteed [...]
Fannie Mae Chief to Receive Award for Forecast Accuracy
As economic uncertainty continues amidst market turmoil and talks of recession, Fannie Mae Senior Vice President and Chief Economist Douglas G. Duncan predicts a modest recession, characterized by competing effects [...]