Slowdown in Price Appreciation Continues, Downshift Expected
Tue, 05 Jul 2022 22:18:39 +0000

As Americans continue to be confused by the storm of seemingly contradictory news, data, and forecasts on the housing market’s future, consumers are still witnessing record monthly price increases, and inventories continue to record never-before-seen lows, a seeming positive for values going forward, according to Ed Pinto, Director of the American Enterprise Institute’s Housing Center. ...

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CFPB Issues Rule Affirming States’ Ability to Protect Residents
Tue, 05 Jul 2022 21:17:03 +0000

The Bureau clarified that states have the flexibility to preserve fair and competitive credit-reporting markets by enacting state-level laws stricter than the Fair Credit Reporting Act, which does not stop states from enacting laws tackling problems related to medical debt, tenant screening, and other consumer risks.

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National Home Price Q2 Gains Exceed 20%
Tue, 05 Jul 2022 21:00:03 +0000

CoreLogic analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index (HPI) and HPI Forecast for May 2022. Though U.S. home price growth relaxed slightly in May from April, it remained in double digits year over year for the 16th consecutive month. As in past months, all states and Washington, D.C. posted annual appreciation, ...

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Second Home, Investment Property Buyers Migrating to At-Risk Areas
Tue, 05 Jul 2022 17:29:48 +0000

A new Redfin study has found that more than 40% of buyers of who purchased a vacation home or investment property during the pandemic did so in areas of high flood, storm, and/or heat risk.

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Q1 Mortgage Performance Makes Strides
Fri, 01 Jul 2022 21:45:53 +0000

New data from the first quarter continues to roll in as the Office of the Comptroller of the Currency (OCC) reported that the performance of first-lien mortgages in the federal banking system improved during the first quarter of 2022 by a decent margin.  The OCC Mortgage Metrics Report for the First Quarter 2022 showed that ...

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Are Mortgage Servicers in Their “Golden Age?”
Fri, 01 Jul 2022 21:40:57 +0000

An upcoming installment in the Five Star Institute Webinar Series will discuss the current era in mortgage servicing and provide tips on how to navigate this record-breaking time in the servicing space.

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CoreLogic Unveils New Discovery Platform
Fri, 01 Jul 2022 21:13:54 +0000

CoreLogic has announced the launch of Discovery Platform, a cloud-based data exchange and property analytics ecosystem. Powered by the industry’s first integrated property identifier, CoreLogic’s CLIP ID, and built on more than 50 years of data spanning 99.9% of U.S. properties, Discovery Platform provides a comprehensive property analytics solution. The platform enables businesses —including property ...

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Home Sellers Drop Prices Amid Rising Affordability Issues
Fri, 01 Jul 2022 21:02:47 +0000

Affordability issues are officially taking a toll on the market as the average asking price of a newly listed home is off 1.5% from its peak in spring in light of the rapid rate increase by the Federal Reserve in June.  This is amid new data from Redfin that showed a record amount of existing sellers ...

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2022 Five Star Conference Agenda Announced
Fri, 01 Jul 2022 20:33:25 +0000

Returning to Dallas this September, the annual conference will once again unite mortgage servicers, government representatives, agents, vendors, attorneys, and other stakeholders for three days of education, networking, and entertainment.

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HUD Reaches Settlements Over Fair Housing Act Violations
Fri, 01 Jul 2022 20:10:58 +0000

In two separate cases, HUD has reached agreements in Massachusetts and California with several parties in settling housing discrimination claims.

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