Inventory Begins to Fall as 2021 Comes to a Close
Month-over-month, contract signings fell 2.3% in September from August, and slid 8% year-over-year, as NAR reports nominal house price growth has been outpacing house-buying power with rates on the rise. [...]
OCC Delivers Consent Order Against Cenlar
Mortgage servicer to take comprehensive corrective actions to address identified deficiencies, and implement internal controls and risk management practices. The post OCC Delivers Consent Order Against Cenlar appeared first on [...]
Covius Acquires Nationwide Title Clearing
Covius Holdings, Inc. (Covius), a provider of technology-enabled solutions to the financial services industry, announced that it has completed the acquisition of Palm Harbor, Florida-based Nationwide Title Clearing, LLC (NTC) and that approximately 670 NTC associates and [...]
Mortgage Fraud Risk Rises Significantly in Q2
With a 37.2% national year-over-year increase in mortgage fraud risk in the second quarter of 2021, CoreLogic reports an estimated 0.83%—or one in 120—of all mortgage applications contained fraud. The [...]
FHFA Seeks Comment on New GSE Disclosure Requirements
Additional disclosure requirements drafted to promote market discipline and risk management practices at both Fannie Mac and Freddie Mac. The post FHFA Seeks Comment on New GSE Disclosure Requirements appeared [...]
Data Points to Disconnect Between Tech Spending and Lender Productivity
FOMO, or the fear of missing out, is a type of anxiety that stems from the belief that others might be having fun or doing better while you are not. Most [...]
More People Starting Their Homeowning Journey Online
A majority of modern homebuyers begin looking for homes online before contacting an agent, according to a report, but on-the-ground expertise and real-life interactions remain important. The post More People [...]
Second-Home, Investment Property Demand Jumps in September
Bouncing back after a summer slowdown, the demand for second homes was up 60% from pre-pandemic levels in September, an uptick from July's 40% increase, but still below March's record [...]
Inventory of Existing Home Listings Continues to Fall Short
More Americans are seeking homes in a market where short supply continues to be tagged with high ticket prices as potential buyers migrate from urban apartments to suburban homes. The [...]