PHH Mortgage Names New Default Servicing SVP
Michael Keaton joins PHH Mortgage Corporation as its new SVP of Default Subservicing. Source: DS News
Comptroller of Currency Opens New Office
The Office of the Comptroller of the Currency is opening a new Financial Technology to add expertise to the department, allowing them to better adapt to modern markets. Source: DS [...]
Homebuyers to Face Home Price Increases Nationwide in 2023
According to Realtor.com's 2023 Housing Forecast, homebuyers will face home price increases nationwide in all of the 100 largest U.S. markets in 2023, while those who can afford to purchase [...]
Pending Home Sales Dip for Fifth Consecutive Month
After experiencing a near 5% monthly drop off in pending October sales, NAR reported the near-20-year high in mortgage rates and expensive home prices forced many prospective buyers to the [...]
Consumer Credit Health Stable
Despite a higher interest rate environment and the ever-present inflation, consumer credit health remains stable. Source: DS News
Relocations Near All-Time Highs
More and more Redfin users are looking to migrate to a new metropolitan area. Click through to find out where they are landing. Source: DS News
FHFA Announces Conforming Loan Limits for 2023
The GSEs have increased conforming loan limit values for mortgages in 2023 to $726,200, an increase of $79,000 over 2022’s loan limits. Source: DS News
GSEs Execute Nearly 25K in Foreclosure Prevention Actions in August
Since the start of the GSE’s conservatorship nearly 14 years ago, approximately 40% of their foreclosure prevention actions have resulted in permanent loan modifications. Source: DS News
Carolinas Top List of Best Regions for Working from Home
The most desirable cities to move to for those working from home were found in the nation’s Southeast, according to the latest study from RentCafe. Greenville, South Carolina, and Raleigh, [...]