HUD Awarded Over $75M in Loan Guarantees for Economic Development
The U.S. Department of Housing and Urban Development announced for commitments to public safety, facility improvements, economic development, and housing projects to further develop and preserve more housing nationwide. Source: [...]
GSEs Sell Off $30B of Non-Performing Loans
Between the non-performing loan sales program’s inception in 2014 and the end of 2022, the GSEs have sold off a collective $30 billion in loans to the private sector. Source: [...]
Share of Hispanic Households Projected to Surge by 2040
Despite elevated interest rates and rising home prices that have intensified affordability issues for Hispanic homebuyers, by 2040, an estimated 70% of new homeowners will be Hispanic, according to a [...]
Cenlar Names Tom Byrne VP of Quality Control
Mortgage loan subservicer taps 30-year mortgage industry veteran for new role, overseeing both the internal QC team, and outsourced vendors, establishing objectives to drive the execution of Cenlar’s QC program. [...]
With Help, Servicing Compliance Can Get Easier
Regulatory oversight has become a fact of life for mortgage servicers, and Toby Wells of Cornerstone Servicing explains how staying compliant requires robust risk management framework. Source: DS News
Banks, Climate Change, and Credit; A New Perspective
New commentary from DBRS Morningstar highlights how the company looks at banks’ management of climate-related risks—in particular, from a credit perspective. Source: DS News
2024’s Top-10 Issues Affecting Real Estate
"The Counselors of Real Estate proactively recognizes crucial themes so we can pinpoint trends and note their evolution and subsequent bearing on real estate," said William McCarthy, CRE, Global Chair [...]
Potential Homebuyers Enlist Family to Help Curb Housing Affordability Costs
A new survey from Realtor.com revealed that an estimated one-third of prospective homebuyers have moved in with parents or other family in hopes of saving money to purchase a home [...]
Trade Groups Call Upon Fed to Curb Rate Hikes
The MBA, NAR, and NAHB have sent a letter to the Board of Governors of the Federal Reserve about the industry’s concerns over the negative market impact of the Fed’s [...]