Underwater Mortgages on the Decline as Home Prices Rebound
Half of all homeowners paying mortgages are equity-rich, according to ATTOM's 2023 U.S. Home Equity & Underwater Report, while the share of seriously underwater mortgages also improved, resting at 2.8%. [...]
J.D. Power Study Ranks Mortgage Servicers for Best Customer Experience
Rebranding their U.S. Primary Mortgage Servicer Satisfaction Study to the U.S. Mortgage Servicer Satisfaction Study, J.D. Power surveyed over 11,000 people about their interactions with and trust in their mortgage [...]
U.S. Mortgage Delinquency Rate Falls to New Low in May
After the addition of nearly four million jobs nationwide in the last year, CoreLogic reports that a solid job market continues to help borrowers pay their mortgages on time, pushing [...]
CFPB Uncovers Unfair and Deceptive Practices Across Consumer Financial Products
In a new report, Bureau examiners highlight conduct that violates federal law, including the prohibition of abusive practices in consumer financial services. Source: DS News
HUD Offers Grants to Study Office-to-Residential Conversions
The latest thing caused by remote work has created a glut of unused office space, which the Department of Housing and Urban Development wants to study further as a future [...]
Florida Metros Ranked the Best Cities to Purchase for First-Time Homebuyers
While housing affordability remains unbalanced nationwide, many Americans remain worried about housing costs. However, a new market study from WalletHub reveals which cities are the best and worst for first-time [...]
Luxury Home Sale Prices Hit Record $1.2M Average in Q2
Redfin reports the median sale price of luxury homes rose 4.6% year-over-year in Q2, with prices being propped up by a lack of supply, which is fueling competition in many [...]
Gabe Rinaldi Joins Cenlar as VP of Enterprise Portfolio Management
Bringing more than 20 years of experience to his new role, Gabe Rinaldi will work to build a team at Cenlar to identify and lead initiatives to streamline end-to-end processes [...]
Fed Raises Rates by 0.25% to 22-Year High
The Federal Reserve raised the interest rates by a quarter of a percentage point at its Federal Open Market Committee meeting today, reaching levels last seen in 2001, as mortgage [...]