December Housing Trends: Positive Signs for 2024?
According to the RE/MAX National Housing Report, home sales dropped year-over-year in December, but experts project that with mortgage rates continuing their downward trend, homebuyers that have been priced out [...]
Xome Names New COO
Real estate marketplace adds former Altisource exec Mike Jansta as new Chief Operating Officer to oversee its auction, default servicing, and quality assurance operations. Source: DS News
Delinquencies Rise, Foreclosures Fall
Delinquencies were up moderately across the board, as inflows and rolls to later stages of delinquency rose, while cures from both early- and late-stage delinquency improved. Source: DS News
Commercial/Multifamily Borrowing and Lending Forecast to Grow in 2024
The MBA has updated its commercial real estate forecast for 2024, as total commercial and multifamily mortgage borrowing and lending expected to rise 29% from 2023’s estimated total of $444 [...]
Home Price-to-Income Ratios Continue to Rise
In 2022, the median sale price for a single-family home in the US was 5.6 times higher than the median household income—higher than at any point on record, dating back [...]
Lack of Homes for Sale Stalls Potential Price Drops
As Americans continue, "grappling with limited purchasing power," according to Redfin Senior Economist Sheharyar Bokhari, housing supply remained below pre-pandemic levels in December, preventing home prices from dropping further as [...]
Climate Risk Takes Center Stage at FHFA Forum
FHFA recently hosted the Fall 2023 Econ Summit, an exchange of ideas on climate change and insurance; land use and risk modeling; and the impact of disaster risk on home [...]
Fannie Mae Outlines New Groundwork for Single-Family Social MBS
The GSE has announced updates to disclosures for the company's Single-Family MBS to further enhance its mission to support access to credit and affordable housing nationwide. Source: DS News
National Property Preservation Conference Returned to Washington, D.C.
The annual National Property Preservation Conference once again brought together a cross-section of field services vendors, mortgage servicing professionals, and representatives of government agencies and the GSEs to “discuss pressing [...]