Senate Banking Committee Spotlights the Nation’s Financial Regulators
A recent Senate Banking Committee hearing featured testimony from the FDIC, NCUA, OCC, and Federal Reserve, discussing protection of the nation’s banking and credit union system, and ensuring that the [...]
Projecting the Costs of Flood Damage on the Housing Market
As climate changes continues to occur and flood damage to U.S. homes on the rise, the Congressional Budget Office has issued a report on the impact of these changes on [...]
Home Prices Hit New Peak as Sellers Continued ‘Supplier’s Strike’ in October
October sale prices indicated that the lack of housing supply is constraining market and frustrating homebuyers, according to First American's October Home Price Index report, as sellers continued their "suppliers' [...]
Foreclosure Filings: A ‘Concerning Picture’ of Future Trends?
Rob Barber, CEO at ATTOM Data, said, “It’s evident that challenges in the housing market persist. While we anticipate a likely decline in the coming months due to the holiday [...]
NAR Forecast: Existing Home Sales Will Rise 15% by Next Spring
According to National Association of Realtors Chief Economist Lawrence Yun, by next spring, mortgage rates will be between 6-7% while existing home sales should pop up by 15%. Source: DS [...]
Mortgage Servicing Powers Independent Mortgage Banks Through Q3
Mortgage servicing proved to be a bright spot for independent mortgage banks in Q3, as roughly half of the companies MBA polled stayed profitable in the quarter thanks to their [...]
PHH Mortgage Announces Subservicing Agreement With Zillow Home Loans
Following a collaborative onboarding and integration cycle, this new partnership expands on an existing correspondent relationship to a strategic servicing partnership. Source: DS News
FHA’s Serious Delinquency Rate Returns to Pre-Pandemic Levels
In its Annual Report to Congress for fiscal year 2023, the FHA details the work of its single-family mortgage insurance programs in fiscal year 2023, as the FHA’s serious delinquency [...]
Share of Home Sellers Offering Concessions Up From Pandemic Lows
As homebuyers continue to back out of the housing market, home sellers are providing concessions to help reduce the buyers’ total cost of purchasing the home, according to a new [...]