Fannie Mae Executes $21B CIRT on Single-Family Loans
Fannie Mae announced the execution of its fifth Credit Insurance Risk Transfer (CIRT) transaction of 2022 in the amount of $21 billion. Effective April 1, Fannie Mae will retain risk [...]
Rental Affordability Issues Likely To Last Long-Term
According to the Realtor.com Monthly Rental Report, new data indicates that rental competition remained persistent in April, as the U.S. median rental price hit a new high —$1,827— for the [...]
Julia Gordon Sworn in as FHA Commissioner
Just over a week after conformation by the U.S. Senate, former FHFA exec sworn in by HUD Secretary Marcia L. Fudge to spearhead the FHA’s goals of expand access to [...]
Cenlar Names Steven Taylor SVP/CIO
Mortgage loan subservicer taps 35-year industry veteran to streamline the company’s processes to better serve its employees, clients, and homeowners. The post Cenlar Names Steven Taylor SVP/CIO appeared first on [...]
SFR Return on Investment Drops as Home Prices Spike
ATTOM Data Solutions, a real estate data company, released its new Single-Family Rental Market Report which shows that profit margins on three-bedroom single-family home rentals (SFR) have been declining on a [...]
CFPB Issues New Interpretive Rule
The Consumer Financial Protection Bureau (CFPB) has issued a new interpretive rule that describes individual states’ authorities to pursue lawbreaking companies and individuals that violate the provisions of federal consumer [...]
Distressed Home Sales Down 2% YoY in April
NAR reports that foreclosures and short sales represented less than 1% of total home sales in April 2022, but down slightly from April 2021’s totals. The post Distressed Home Sales [...]
The Week Ahead: Servicers Crafting the Ultimate Client Experience
An upcoming Five Star/Messagepoint webinar will discuss how perfecting communication processes with your clients will help in delivering an ideal borrower experience. The post The Week Ahead: Servicers Crafting the [...]
Housing Market Moving at Record Speed
According to the latest Zillow Real Estate Market Report, the housing market is as competitive as ever, moving at record pace. Buyer demand has been strong enough to keep the [...]