Inventory Drops as Homes Sell for Near Record Highs
A record low number of homes for sale propped up prices, increasing the average home sales price to near record highs. Source: DS News
An Improvement in Financial Health Pushes Forbearance Volume Down in June
The MBA reports that the share of mortgage loans in forbearance fell to 0.44% nationwide in June, with nearly 80% of that total citing pandemic-related reasons for their forbearance. Source: [...]
Where Renters Can Get the Most Bang for Their Buck
While an estimated 44 million U.S. households are renters, WalletHub examined the best and worst cities to rent, as experts revealed the factors needed to determine the most cost-effective areas [...]
Treliant Adds Compliance Expert Darcy Allen as Managing Director
The addition of 25-year industry vet Darcy Allen bolsters Treliant’s Financial Crimes and Fraud Solutions practice, streamlining the firm’s risk management. Source: DS News
HUD Seeking Input on Improving Processes and Solutions
The Department has published a Request for Information asking the public how it can simplify programs and reduce burdens to increase access to its programs. Source: DS News
Typical U.S. Asking Rent Remains Just $20 Below Record High
As the U.S. rental market has been slowing for more than a year, the median asking rent is just $24 below its record high, while it was $2,029 in June, [...]
Lock-In Effect Leads Average Home Prices to Breach $350k
Even though low inventory caused by the lock-in effect is causing a crunch for homeseekers, home prices keep rising and have now hit a new record high, eclipsing the previous [...]
Legislation Introduced to Narrow the Homeownership Gap
The Low-Income First-Time Homebuyers (LIFT) Act will help narrow the racial wealth gap by allowing qualified buyers to build equity–and wealth–at twice the rate of a conventional 30-year mortgage. Source: [...]
GSEs Complete 16K-Plus Foreclosure Prevention Actions in April
The FHFA reports that since the start of Fannie Mae and Freddie Mac conservatorship in September 2008, the GSEs have recorded 6.7 million-plus foreclosure prevention actions to date nationwide. Source: [...]