Affordability Concerns Lower Consumer Confidence
The latest iteration of Fannie Mae’s Home Purchase Sentiment Index (HPSI) for April decreased by 4.7 points to 68.5, its lowest level since May 2020, as rising mortgage rates and inflation pushed [...]
Second Home and Investment Property Prices Up Nearly 20% in Q1
Remote work situations have given way to a rise in second home purchases, with counties in Idaho, Maine, and Texas leading the way, experiencing more than 50% growth price. The [...]
Asian American Millennials Outpace Other Generations
Owning a home is seen as a sign of success and financial stability, and while Asian people in the U.S. tend to have higher educational attainment and household income than [...]
Navigating Sub-servicing Challenges
On April 19, the Five Star Institute presented its latest webinar discussing the benefits of sub-servicing, how to navigate and ensure compliance with government regulations, and on how to maximize ROI [...]
Cenlar Promotes Seven to VP Roles
Mortgage subservicer and wholesale bank names seven to new roles within the firm, bolstering the company’s footprint in the servicing market. The post Cenlar Promotes Seven to VP Roles appeared [...]
FHFA Announces Mandatory Use of the Supplemental Consumer Information Form
In a move to increase equitable housing for all qualified borrowers, lenders will be able to better assist and counsel their clients during the homebuying process. The post FHFA Announces [...]
Q1 Delinquency Rate Update
According to new data from the Mortgage Bankers Association’s (MBA) National Delinquency Survey, the delinquency rate for mortgages on one-to-four residential properties decreased to a seasonally adjusted rate of 4.11% [...]
Annual Home Price Growth Projected to Moderate by 2023
CoreLogic has released its CoreLogic Home Price Index (HPI) and HPI Forecast for March 2022. U.S. home prices continued to post significant year-over-year gains in March, up by 20.9%, another record [...]
FHA Amends CWCOT Post-Foreclosure Sales Rule
Under terms of newly issued Mortgagee Letter, the nation’s supply of affordable housing will be expanded, increasing homeownership opportunities for low- and moderate-income homebuyers. The post FHA Amends CWCOT Post-Foreclosure [...]