OCC Reports Improvement in Q1 Mortgage Performance
Overall mortgage performance was on the upswing in the first quarter of 2023, as the OCC reported banks serviced approximately 12 million first-lien residential mortgage loans with $2.7 trillion in [...]
HUD Makes $75M Available to Tribal Communities for Community Development
“Investing in our Tribal communities is essential. HUD is committed to ensure support, so these communities have access to essential resources.” said HUD Secretary Marcia L. Fudge. “The purpose of [...]
GSE REO Inventory Rises 2% in Q1
Fannie Mae and Freddie Mac completed 58,268 foreclosure prevention actions in Q1 of 2023, assisting more than 6.7 million troubled homeowners stay in their homes since the start of conservatorship [...]
Home Prices Remain Elevated, But Selling for $4,000 Less
As the total number of homes for sale declined 11% from a year earlier, a new report from Redfin revealed the typical U.S. home is now selling for an estimated [...]
Insuring the American Homeowner in 2023
A new report from Insurify projects that home insurance premiums are expected to rise 9% in 2023, led by issues with the nation's supply chain and climate change. Source: DS [...]
Veterans Optimistic About Housing Opportunities
Most service members, while realistic about challenges they may face in the current housing landscape, feel a home purchase is ‘within reach’ according to a new survey from Veterans United [...]
Bearing the Weight of Housing Market Stressors
A new study from LendingTree details some of the factors that make the pursuit of the American dream of homeownership such a stressful time for prospective buyers. Source: DS News
Aggregate 2022 Mortgage Lender Data Now Available to Review
The Federal Financial Institutions Examination Council (FFIEC) announced that data from 4,460 U.S. financial institutions on the state of 2022 mortgage lending activity as reported by the Home Mortgage Disclosure [...]
Pending Home Sales, Contract Signings Experience Slight May Drop
"Despite sluggish pending contract signings, the housing market is resilient with approximately three offers for each listing," said NAR Chief Economist Lawrence Yun. "The lack of housing inventory continues to [...]