According to a new CoreLogic report, single-family rent price growth was up by nearly 6% year-over-year in January, marking the lowest rate of appreciation since the spring of 2021.
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Mortgage Demand for Second Homes Slips YoY
According to new Redfin data, due to rising interest rates and high home prices, demand for mortgages remains generally weak, but demand for second homes is particularly low for a number of...
Where Are Foreclosure Rates Highest?
“While overall activity is significantly lower than the peaks seen during the 2008 financial crisis,” said Rob Barber, CEO at ATTOM, “the current economic environment, coupled with rising interest...
HUD Updates Manufactured Home Regulations
The new rules seek to modernize manufactured home features and increase consumer demand for the product while expanding the nation’s supply of affordable housing. The post HUD Updates Manufactured...
Legal League Oversees Successful Servicer Education Sessions
The Legal League, a professional association of financial services law firms, recently held several training sessions for more than 80 servicing professionals, tackling topics ranging from...
Market Moderates as YoY Home Price Gains Dip
CoreLogic has released its CoreLogic Home Price Index (HPI) and HPI Forecast for July 2024. U.S. year-over-year home price gains inched down, reaching 4.3% in July, falling further from the...
Mastering the Art of REO Vendor Management
Ella Barlow of Radian Real Estate Management details the challenges and recommendations when dealing with REO vendor management. The post Mastering the Art of REO Vendor Management first appeared...
Biden-Harris Administration Awards Millions to ‘Protect and Empower’ Low-Income Tenants
“We are dedicated to helping the families we serve live in homes where they can thrive,” said HUD Acting Secretary Adrianne Todman. “Under this Administration, we have prioritized opportunities...
Renters Find a New Destination for Affordability
A rise in one Midwest area’s economy and attraction as a growing tech hub has propelled this market as the nation’s top rental hot spot, according to RentCafe. Click through to find out the new...
The Most and Least Affordable Metros for Raising a Child
A new analysis reveals the stark differences in the cost of raising a child across America's 100 largest metropolitan areas, highlighting the economic challenges faced by families in different...
Former Sagent CEO Named Head of Rocket Pro TPO
Mortgage technology veteran Dan Sogorka has been named General Manager of Rocket Mortgage's unit serving Mortgage Brokers. The post Former Sagent CEO Named Head of Rocket Pro TPO first appeared on...
New Construction Boom Fuels Rising Rent Prices
“Almost everything in our lives costs more than it did two years ago," said Sheharyar Bokhari, Senior Economist at Redfin, "but rents have remained largely stable." Here’s how those rent price...
When Is the Best Time to Purchase a Home?
A new report from Realtor.com finds that, should a homebuyer wait for this particular week, they could save more than $14,000 compared to the summer's peak price and find nearly 40% more active...
Number of Young Adults Living at Home Reaches Great Depression Levels
A recent study shows soaring housing costs and stagnant incomes are driving record numbers of young people to live with their parents, "delaying a major milestone on the path to adulthood," and...
Commercial Mortgage Delinquency Rates Spiked in Q2
Jamie Woodwell, MBA’s Head of Commercial Real Estate Research, reveals that one particular type of loan, “which make up about $740 billion of the $4.7 trillion of commercial mortgage debt...
Freddie Mac Names Diana Reid New CEO
Bringing more than four decades of experience with PNC, Credit Suisse, and Citi to her new role, Diana Reid will lead the GSE as it continues to provide liquidity, stability, and affordability to...
Report: Consumers Feeling More Optimistic About Housing Market’s Future
Despite indicating a modest shift in the overall sentiment toward buying a home, consumers expressed significantly higher optimism about the future trajectory of mortgage rates, according to a...
Buyers & Sellers Respond to Recent NAR Reforms
Weeks after the National Association of Realtors’ (NAR) new industry regulations went into effect, prospective homeowners still have questions about fee arrangements and who must bear the costs of...
Prepping for Change in the REO Space
Just weeks away, the 2024 Five Star Conference will feature the FORCE Rally, a gathering of the industry’s top REO professionals charting the course of the industry through the market that lies...
Federal Home Loan Banks Fulfilling Their Mission
A new comment letter submitted to the FHFA Director reinforces the valuable role the FHL Banks play for consumers and the economy. The post Federal Home Loan Banks Fulfilling Their Mission first...
Doug Duncan to Step Down as Fannie Mae Chief Economist
The GSE’s SVP and Chief Economist officially announces his plans to step down via a LinkedIn post, after years as one of the industry’s top sources for forecasting housing, economic, and mortgage...