The NAR says the market needs an additional 320,000 new home listings valued at no more than $256,000 so that borrowers earning below $75,000 can get into the market. Source: [...]

In May, nationwide rents posted their largest decline since 2020 as the median asking rent rose 1.4% from a month earlier, according to a new report from Redfin. Source: DS [...]

inal guidance from the Federal Reserve, FDIC, and OCC outlines principles and considerations for banking organizations’ risk management of third-party relationships. Source: DS News

In an upcoming webinar geared toward the REO market, a panel of experts will discuss the risks associated with squatters, and how to take the appropriate measures in addressing the [...]

Five federal regulatory agencies—including CFPB, Treasury, Federal Reserve, FDIC, and National Credit Union Administration—have requested public comment on proposed guidance addressing reconsiderations of value (ROV) for residential real estate transactions. [...]

Freddie Mac’s new mortgage product, HeritageOne, is meant to drive affordable financing options for single-family properties on tribal lands and rural areas in addition financial counseling. Source: DS News

First quarter home equity decreased by 0.7% year-over-year, the first such decline since early 2012. Click through for more. Source: DS News

The overall lack of new listings nationwide has pushed the total number of homes on the market down 5% year-over-year, reaching their lowest level of any early June on record, [...]

Dan Sogorka of Sagent explains how regulators pivot in times of crisis to maintain stability in the marketplace, bringing order to chaos and preventing systemic breakdowns. Source: DS News