Change Management
Ann Thorn, Wells Fargo’s Head of Home Lending Servicing, discusses takeaways from her first two years on the job and how her team is working to implement the bank’s vision [...]
Does Recent Data Signal a Bottom in the Housing Market?
According to First American Financial Corporation, housing affordability fell relative to one month ago as two of three key drivers of the Real House Price Index (RHPI), nominal house prices [...]
GSEs Execute 16K-Plus Foreclosure Prevention Actions in May
As the nation continues to struggle with inflation and high mortgage rates, Fannie Mae and Freddie Mac completed more than 5,100 permanent loan modifications in May, according to the latest [...]
High-Opportunity Areas Have Less Affordable, But More Homes for Sale
While many Americans continue to struggle with housing affordability, a new study from Redfin shows that homes in high-opportunity neighborhoods are not only selling for roughly $130,000 more, but they [...]
HUD to Assist Victims of Hawaiian Wildfires
The Department has issued federal disaster relief to the state of Hawaii, with nearly 3,100 single- and multifamily residential properties with a combined reconstruction value (RCV) of $1.3 billion located [...]
Eight Percent of Homes Nationwide are Worth $1M+
According to a new report from Redfin, just 8% of single-family homes throughout the country are worth more than $1 million, a number which has retreated from an all-time high [...]
Steve Pawlowski Named Head of Tech Solutions at MCT
After more than 30 years with Fannie Mae’s Capital Markets and Single-Family Digital Products and Services divisions, Pawlowski joins MCT to provide leadership on all of the company’s tech developments. [...]
Q2 Mortgage Delinquency Rate Reaches 44-Year Low
The MBA reports that the delinquency rate for mortgage loans on one- to four-unit residential properties fell to 3.37% in the second quarter, marking the lowest level reported since 1979. [...]
Homebuyer Demand Fuels Increase in Spring Home Values
The nation’s typical home value has reached a new all-time high, according to a new market report from Zillow, and while steady demand from homebuyers fueled nationwide home price increases [...]