Mandatory Flood Insurance Myths Debunked
A new intelligence report written by Scott Giberson, Principal of Product Compliance for CoreLogic, puts some common misconceptions about flood insurance under the microscope. Source: DS News
Baby Boomers Surpass Millennials as Largest Share of Current Homebuyers
It’s the first time since 2014 that boomers have overtaken the younger generation when it comes to owning a bigger slice of the homebuyer market, according to a new housing [...]
Over 60% of Potential Homebuyers Waiting for Rates to Drop
The most recent iteration of the BMO Real Financial Progress Index revealed a number of new information including that over 65% of Americans are waiting on mortgage rates to drop [...]
Cenlar Promotes Two Wholesale Bank Execs
Mortgage loan subservicer promotes Keith Austin to the role of Director of Asset Management and Valuation Services, and Tristan Watson as new Director of Subservicing Pricing. Source: DS News
Here’s How the Largest Metros Rank for Homeownership
“Overall, the study revealed that Raleigh, North Carolina; Charlotte, North Carolina; and St. Louis are the three best metropolitan areas for homeownership. Each of these metros ranks among the lowest [...]
’Hidden’ Home Expenses Can Add Up to $15k Annually
When you mortgage a home, it is not just the note you have to pay; utilities, maintenance, and insurance are necessities, and those expenses can add up quickly. Source: DS [...]
HUD Focuses on Healthy Homes in June
The Department kicks off the month of June by focusing its attention on the importance of creating and maintaining a healthy home by addressing home-based hazards, including reducing moisture and [...]
The Week Ahead: Small Business Lenders Face Section 1071 of Dodd-Frank
An upcoming Five Star Institute Webinar will feature a trio of experts discussing the impact of Section 1071 of the Dodd-Frank Act, a rule requiring financial institutions to collect and [...]
Q1 Mortgage Lending Falls to 20-Year Low
Total residential loans dropped 19% in the first quarter of 2023, reaching the lowest point since 2000; refinancing was also down 85% year-over-year. Source: DS News