Industry News

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Appraisal Subcommittee Meets to Address Valuation Bias
Fri, 27 Jan 2023 20:23:17 +0000
The first-ever ASC public hearing features experts from across the mortgage lending and appraisal industries delivering testimony on solutions, education, and awareness about valuation bias and fair housing.

Report: YoY Pending Sales Down 30% Nationally
Fri, 27 Jan 2023 19:53:02 +0000
A new report from the National Association of Realtors shows pending home sales numbers improving on a monthly basis for the first time in six months. Click through to read Chief Economist Lawrence Yun’s thoughts on the matter.

Study Finds Renting More Affordable Than Starter Homes
Fri, 27 Jan 2023 19:30:26 +0000
According to the Monthly Renter Report for December 2022, on average, a typical renter from the top 50 metros analyzed faced 41.4% lower monthly payments than a first-time homeowner.

Ginnie Mae Revises Requirements for Pooling Re-Performing Loans
Fri, 27 Jan 2023 18:47:08 +0000
With this new announcement, Ginnie Mae continues its commitment to issuers that maintain the strength and liquidity of the government mortgage market.

U.S. Mortgage Performance Remained Strong in Late 2022
Thu, 26 Jan 2023 21:09:54 +0000
According to a new CoreLogic report, mortgage delinquency and foreclosure rates remained near record lows in November, although 18 metro areas experienced annual increases in delinquency rate.

Fitch Report: New REO Inventory on the Rise
Thu, 26 Jan 2023 20:04:48 +0000
“While loan portfolio delinquencies for Fitch-rated bank and non-bank servicers were stable for the third consecutive quarter, the impact of four consecutive quarters of new foreclosure filings post-moratoria is now being felt in new REO volume,” said Fitch Director Richard Koch.

2022 Home Sale Profits Top 50%
Thu, 26 Jan 2023 18:53:50 +0000
“It seems pretty likely that home seller profits peaked for this cycle in 2022,” said Rick Sharga, EVP of Market Intelligence at ATTOM.

HUD Houses More Than 100,000 Families Through ‘House America’ Initiative
Thu, 26 Jan 2023 16:34:50 +0000
HUD Secretary Marcia L. Fudge has surpassed her original goal of housing homeless individuals and was achieved by organizing leaders from 105 communities across 31 states and territories and the District of Columbia.

Mortgage, Delinquencies Snapshot as 2022 Wrapped Up
Wed, 25 Jan 2023 22:42:21 +0000
According to Black Knight, mortgage delinquencies were up seven basis points month-over-month but down 9% year-over-year. Also, prepayments fell for the third straight month.

Moderating Housing Market Fuels Slowdown in Pending Sales
Wed, 25 Jan 2023 22:21:59 +0000
As mortgage rates continue to fall, a new report from Redfin revealed mortgage applications are up 25%, and the slowdown in pending sales is beginning to moderate.