HPSI: Perceived Home-Buying Sentiments Improve
Fannie Mae’s Home Purchase Sentiment Index revealed that home-selling and home-buying sentiments are up year-over-year, a welcome sign that raised the index as a whole by 4.9 points. Source: DS [...]
HUD Delivers Disaster Relief to Florida in the Wake of Hurricane Idalia
After Hurricane Idalia hit the southeastern U.S., President Biden declared that a major disaster exists in Florida, having ordered federal aid to supplement state, tribal, and local recovery efforts in [...]
Housing Demand Outweighs Supply as Home Prices Continue to Rise
While mortgage-purchase applications fell to a 28-year low in August, the median U.S. home-sale price is up nearly 5% year-over-year. Due to a severe lack of inventory, high housing costs [...]
National MI Partners With Calyx Point LOS
Through new agreement, lenders will have the ability to order risk-based mortgage insurance through Rate GPS directly through the Calyx loan platform. Source: DS News
Interest Rates Break 22-Year Highs; Most Payments Over $2k a Month
According to a new report from Black Knight, Inc., half of new mortgage payments are over $2,000, while a quarter have surpassed the $3,000 mark. Source: DS News
Recognizing 15 Years of GSE Conservatorship
September marks the fifteenth anniversary of Fannie Mae and Freddie Mac being placed into conservatorship by the FHFA at the height of the Great Financial Crisis, and continues to show [...]
San Francisco Homeowners Taking Profit Losses
Home price declines are causing Americans to lose money when selling their homes, according to a new report from Redfin, which showed that the typical homeowner in San Francisco who [...]
HUD Awards $250M+ in New Choice Neighborhoods Funding
The Department’s latest round of Choice Neighborhoods Implementation Grants will be used to transform public and other HUD-assisted housing, while investing in surrounding neighborhood and resident services. Source: DS News
Mortgage Fintech Warmup Took 13 Years … Now for Some Results
Dan Sogorka of Sagent recaps the mortgage innovation timeline and details the role played by regulations and compliance in the process. Source: DS News