OCC Measures Key Risks Impacting the Banking System
After closely monitoring the condition of the institutions it supervises throughout the market stress this spring, a new report from the OCC reports on how financial institutions have managed risk [...]
Rent Growth Has Declined for 12 Straight Months
“Single-family rent growth has slowed for a full year, and overall gains are approaching pre-pandemic rates,” said Molly Boesel, Principal Economist at CoreLogic. Source: DS News
Better Together: The Importance of a Diverse and Inclusive Workforce
This piece originally appeared in the June 2023 edition of MortgagePoint magazine, online now. The mortgage industry sits at the intersection of two important aspects of diversity & inclusion (D&I) or diversity, [...]
May’s New Residential Construction Numbers ‘Above Consensus Expectations’
The numbers are in from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, and the news is good—at least on a short-term scale. Source: DS [...]
Cenlar Names David C. Schneider EVP and CFO
Cenlar places 35-plus year veteran in role to handle all financial planning, treasury activities, taxes, insurance, real estate and property management, and vendor relationships. Source: DS News
Bridging the Racial Homeownership Gap
While racial disparities in homeownership are at their highest level in 50 years, closing the Black-white homeownership gap in the U.S. will take adding nearly five million African American homeowners, [...]
Homeownership Rate Continues to Grow, Particularly Among Below-Median Income Families
Amid larger macroeconomic uncertainties, the total homeownership rate can be attributed to the strong growth in the below-median income homeownership rate, which has sharply increased since 2016. Source: DS News
HUD Announces Availability of $2M in Funding to Support Small Communities
“HUD recognizes that cities are in need of revitalization across the country,” said HUD Secretary Marcia L. Fudge. “We want to support city governments in their efforts to restore economically [...]
Gauging the Reach of Federal Homeowner Assistance
Legal League 100 has published a white paper detailing how the Biden Administration’s Homeowner Assistance Fund has provided relief and loss mitigation options for homeowners nationwide during the pandemic. Source: [...]