Servicers Initiate Nearly 7,400 New Foreclosures in Q2
The OCC has issued its findings on the performance of first-lien mortgages in the federal banking system during Q2 as 97.3% of mortgages were found current and performing at the [...]
How a Government Shutdown Could Impact the Industry
A partial shutdown of government operations would result in the closing of some federal housing, mortgage, and other programs of interest to the housing industry if Congress is unable to [...]
Housing Supply Jumps to Six-Month High
U.S. housing supply jumped to 7.8 months at the current sales rate in August, the highest measure recorded since March 2023, as the inventory of completed homes for sale continued [...]
More Homebuyers Are Targeting Places Endangered by Climate Change
Redfin reports that a record share of homebuyers nationwide are relocating to areas facing increasing climate risks, including metros that are often faced with extreme wind/hurricane risk, and flooding. Source: [...]
More Homebuyers Are Moving to Places Endangered by Extreme Weather
Redfin reports that a record share of homebuyers nationwide are relocating to areas facing increasing climate risks, including metros that are often faced with extreme wind/hurricane risk and flooding. Source: [...]
Fannie Mae Executes its Eighth CIRT of 2023
The GSEs’ latest Credit Insurance Risk Transfer consists of approximately 27,000 single-family mortgage loans with an outstanding unpaid principal balance of approximately $8.4 billion. Source: DS News
Robert Howerton Named CIO of Dovenmuehle Mortgage
Former VP of Infrastructure at Mr. Cooper brings 20-plus years of experience to his new role as CIO where he will manage, maintain, and expand the company’s IT infrastructure. Source: [...]
U.S. Housing Market Value Surges More Than $2.6T YoY
The total value of the U.S. housing market surged more than $2.6 trillion year-over-year, nearly 50% higher than pre-pandemic levels, as a new Zillow report revealed which states and metro [...]
Demand for Vacation Homes and Investment Properties Falls to Seven-Year-Low
A new Redfin report found that increased housing costs, short supply, and return-to-office mandates have factored into a decline in the demand for vacation homes and investment properties nationwide. Source: [...]