Sixty thousand home purchases fell through in August, a recent high, for reasons ranging from inflation to mortgage interest rates and evaporating work-from-home opportunities. Click through to dive into the data behind this trend.
Most Recent Articles
Customer Success: Servicing’s Secret Superpower
The real-time pace of change in markets, regulations, and customer expectations has shoved mortgage servicers into the same shifts that originators faced after the 2008 housing crisis. This once...
U.S. Commercial Foreclosures Spike YoY
In September, the highest number of commercial foreclosures were found in pricey states such as California, New York, and Florida, while overall commercial foreclosures also increased from the...
Are Homebuyers Satisfied With Advances in AI?
Cloudvirga polled recent homebuyers on the increasing use of digitalization in the front-end of the mortgage origination process and asked whether adoption of these tools is enhancing or hurting...
Jumbo Mortgage Origination Volume Drops to 10-Year Low
While some 10% of jumbo loans have an interest rate of roughly 6%, new CoreLogic data indicates that, in comparison to prior years, jumbo mortgage originations saw a notable drop in both dollar...
MP Access Show: Interest Rates, Legacy, and Seeing Around Corners – Conversation with Stanley C. Middleman
Interest Rates, Legacy, and Seeing Around Corners – A Conversation with Stanley C. Middleman In this special episode of the MP Access Show, recorded live from the Five Star Conference 2024, host...
A Closer Look at Rent-Control Policies
Redfin examines the opinions for renters and homeowners navigating rent increases and forecasts potential downsides to enacting rent-control policies. The post A Closer Look at Rent-Control...
HUD Appoints 11 to Housing Counseling Federal Advisory Committee
The Department adds to its Committee tasked with providing guidance on how to better serve prospective buyers, homeowners, and renters with their housing needs. The post HUD Appoints 11 to Housing...
How Bankruptcy Trustee Auctions Are Helping Servicers Prevent Foreclosures
As the landscape of real estate and finance continues to shift, an increase in bankruptcy filings may present significant challenges ahead for mortgage servicers. The post How Bankruptcy Trustee...
Auction Demand Weakens in Q3 as Retail Market Softens
While foreclosure auction supply has slipped to the lowest level in three years in Q3, new research from Auction.com indicates that the retail housing market will likely continue to moderate into...
Gen Z Households Remain Rent-Burdened, but Housing Vouchers Offer Relief
More than half of Gen Z renters are rent-burdened in some of the largest U.S. metros, according to new Zillow data, which revealed the income criteria Americans need to qualify for Housing Choice...
PhoenixTeam Launches New AI Platform
Through the new Phoenix Burst AI platform, users can reduce time-consuming and repetitive manual tasks to accelerate the product management lifecycle. The post PhoenixTeam Launches New AI Platform...
September Existing-Home Sales Fall to 14-Year Low
A hike in both mortgage rates and a 15th consecutive month of year-over-year price increases factored into September's slip in existing-home sales, as NAR examines a number of forces behind the...
Where the Presidential Candidates Stand on Housing Issues
With housing affordability a major issue nationwide, LendingTree looks at the paths to address the crisis set forth by Kamala Harris and Donald Trump as they enter the final stretch toward...
Mortgage Lenders Reveal the Value of Streamlining Closing Cost Descriptions
Closing costs have increased significantly in recent years, making it even more difficult for many first-time and lower-income buyers to purchase a home. In the most recent Mortgage Lender...
Renters Seek Ways to Overcome Homeownership Hurdles
LendingTree recently polled U.S. renters to gauge their aspirations to dive into the homeownership market, uncovering several barriers they believed would prevent them from ever being able to own...
FHFA Proposes Revisions to FHLBank Governance
New rules by the FHFA will update and clarify regulatory requirements on a variety of corporate governance topics to strengthen the FHLBank System’s capacity to respond to emerging risks in...
Commercial, Multifamily Mortgage Delinquency Rates Jump in Q3
While a large market for commercial mortgages remains, delinquency rates for commercial properties ticked up in the third quarter, as Jamie Woodwell, MBA's Head of Commercial Real Estate Research,...
Operational Excellence and Innovation Lynsey Biernacki on Sylvan Road’s Success
Operational Excellence and Innovation In this insightful episode of the MP Access Show, Robert Wilson, VP of Experience at Five Star, welcomes Lynsey Biernacki, Senior Vice President of Operations...
Where Are Properties Most Susceptible to Winter Weather Damage?
With winter weather causing millions in property damage each year, ValuePenguin examines the states that have experienced significant property damage to date throughout the 2024 season. The post...
Congressional Coalition Urges Biden to Lower Housing Costs
A group of Senators and Representatives have sent a letter to President Biden asking him to utilize executive agencies’ existing statutory authority to further lower housing costs nationwide. The...