Industry News


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The Week Ahead: The State of the Subservicing Sector
Fri, 30 Sep 2022 19:29:28 +0000

The Five Star Institute and PHH Mortgage will present a webinar addressing the state of the MSR market, and what lies ahead in 2023 for lenders and the subservicing sector.

The post The Week Ahead: The State of the Subservicing Sector appeared first on DSNews.



Recent HUD, Census Bureau Survey Provides Insight on Housing
Fri, 30 Sep 2022 19:00:45 +0000

According to the new 2021 American Housing Survey released by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau, in general, 2020 and 2021 were good for homeowners but presented challenges for many renters. Every two years, HUD and the Census Bureau produce the American Housing Survey (AHS), the most ...

The post Recent HUD, Census Bureau Survey Provides Insight on Housing appeared first on DSNews.



A Guiding Light for Borrowers in Forbearance
Fri, 30 Sep 2022 17:07:15 +0000

John Vella, Chief Revenue Officer of Selene Finance LP, sits down with DS News to discuss the state of the servicing sector, and lessons learned from listening and working with borrowers on the path to a successful resolution of their forbearance plans.

The post A Guiding Light for Borrowers in Forbearance appeared first on DSNews.



Hurricane Ian Property Damage Estimated at $28B-$47B in Florida
Fri, 30 Sep 2022 15:34:57 +0000

CoreLogic estimates that residential and commercial property loss from Hurricane Ian’s wind and storm surge damage will make it the costliest storm to hit the Sunshine State since Hurricane Andrew in 1992.

The post Hurricane Ian Property Damage Estimated at $28B-$47B in Florida appeared first on DSNews.



Hurricane Ian’s Potential Housing Impact
Thu, 29 Sep 2022 21:28:08 +0000

Despite being downgraded to a tropical storm while passing over Florida, Ian has intensified into a hurricane again as of press time, barreling towards the coast of South Carolina. Here’s what CoreLogic experts previously projected regarding potential reconstruction cost values of all homes impacted by Ian’s destructive path.

The post Hurricane Ian’s Potential Housing Impact appeared first on DSNews.



Slip in Home Prices May Provide Housing Market Relief
Thu, 29 Sep 2022 21:03:31 +0000

ATTOM has released its Q3 2022 U.S. Home Affordability Report showing that median-priced single-family homes and condos remain less affordable in Q3 of 2022 compared to historical averages in 99% of counties across the nation with enough data to analyze. Numbers continue to be far above the near 70% of counties that were historically less ...

The post Slip in Home Prices May Provide Housing Market Relief appeared first on DSNews.



Priscilla Almodovar to Serve as Fannie Mae CEO
Thu, 29 Sep 2022 20:55:35 +0000

A financial services veteran, Almodovar brings more than 30 years of finance, real estate, and community development expertise and a strong commitment to affordable housing.

The post Priscilla Almodovar to Serve as Fannie Mae CEO appeared first on DSNews.



CFPB Accused of Exceeding Statutory Authority
Thu, 29 Sep 2022 20:14:19 +0000

A group of seven banks and trade groups are taking legal action in the Eastern District of Texas, challenging the Bureau’s update to the Unfair, Deceptive, or Abusive Acts or Practices Section of its exam manual, and for potentially violating the Administrative Procedure Act.

The post CFPB Accused of Exceeding Statutory Authority appeared first on DSNews.



Economist: 2023 Will Bring a ‘Significant Shift in Power’
Thu, 29 Sep 2022 18:10:03 +0000

“Those still able to afford homeownership are quickly regaining lost leverage, but this shift to a more balanced market is still in its early stages," said Nicole Bachaud, Senior Economist at Zillow.

The post Economist: 2023 Will Bring a ‘Significant Shift in Power’ appeared first on DSNews.



Markets Considered Overvalued Increasing as Mortgage Rates Rise
Wed, 28 Sep 2022 22:10:34 +0000

First American Financial Corporation, a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today released the July 2022 First American Real House Price Index (RHPI). The RHPI measures the price changes of single-family properties throughout the U.S. adjusted for the impact of income ...

The post Markets Considered Overvalued Increasing as Mortgage Rates Rise appeared first on DSNews.