Ginnie Mae’s MBS Portfolio Hits $2.4T in May
May’s mortgage-backed securities issuance supports the financing of more than 113,000 U.S. households, including more than 55,000 first-time homebuyers. Source: DS News
Consumers Report: Good Time to Sell, Bad Time to Buy
According to a newly released survey by Fannie Mae, affordability constraints have consumers increasingly convinced that it is a seller’s market, while high prices leave buyers with a bleak outlook. [...]
Share of Homes Bought with All Cash Hits Highest Level Since 2014
In April, all-cash home purchases reached their highest level in nearly a decade, as a new report from Redfin revealed elevated mortgage rates drove down overall home sales more than [...]
Fannie Mae Appoints Chetlur S. Ragavan to Its Board
Bringing decades of risk management and financial services experience to the role, the GSE taps Risk Response, LLC Founder and Principal as the newest member of its Board of Directors. [...]
Florida Appellate Court Rules in HOA Case
Attorney Kathleen Achille looks at a recent Florida Second District Court of Appeals decision on residential properties constructed and sold after a declaration was recorded where the properties were not [...]
More People Looking For Homes Outside of their Metro Area
“Greater growth in cross-market activity in the Northeast has elevated the out-of-market shopping share from roughly on par with the Midwest and South in 2020 to a clear second place [...]
National Home Price Growth Continued to Slow in April
Single-family home price growth rose by just 2% year-over-year in April, marking the 135th consecutive month of annual growth but the sixth straight month of single-digit gains, according to CoreLogic’s [...]
Taking the Stress Out of Loss Mitigation
A new white paper from Aspen Grove Solutions delves into how technology can reduce the risk of enforcement actions, consent orders, and curtailments for mortgage servicers in today’s marketplace. Source: [...]
More Than 30% of Distressed Property Buyers Anticipate Prices Slipping in 2023
Auction.com has found that nearly one-third of buyers surveyed expect home prices to decline in their local housing market in 2023, nearly double the 17% who expected home prices to [...]