Following a collaborative onboarding and integration cycle, this new partnership expands on an existing correspondent relationship to a strategic servicing partnership.
Read More »FHA Reports on Delinquency, Credit Access in Report to Congress
In its Annual Report to Congress for fiscal year 2023, the FHA detailed the work of its single-family mortgage insurance programs in fiscal year 2023, including updates on credit access, capital in the MMI Fund, and delinquency rates of mortgages in its portfolio.
Read More »FHA Increases Fees for Property Preservation Expenses
An update to allowable inspection fees will increase compensation for inspections that determine a property’s occupancy status and safeguard neighborhoods from blight arising from inadequately maintained unoccupied homes.
Read More »The Week Ahead: REO Agents Expand Into Hedge Fund Listings
As hedge funds are invested more within the REO market, a growing demand for skilled agents is necessary, and an upcoming course presented by Five Star’s FORCE group will tap into this growing market.
Read More »Smaller is Better? Examining 2023’s Emerging Housing Markets
As sky-high mortgage rates continue to hamper potential homebuyers, smaller markets are the star of the show in the Wall Street Journal and Realtor.com's latest Emerging Housing Markets Index, offering more affordability and job opportunities.
Read More »Worst Housing Affordability in 40 Years?
"Home buyers face the most difficult affordability conditions in nearly 40 years due to limited inventory and rising mortgage interest rates," said Jessica Lautz, NAR's Deputy Chief Economist and VP of research. Read on for details from a new NAR study.
Read More »Homebuyers Flock to Upstate New York Amid Housing Supply Shortage
While housing affordability and competition tighten across the U.S., three cities in the Big Apple are among the nation’s fastest housing markets, according to a new report from Redfin. Click through to learn which NY regions are having homes fly off the market.
Read More »Declining Affordability Fuels Home Sellers to Drop Prices
While October saw an uptick in new listings, home sellers nationwide are taking a chance on the market and dropping their prices to attract more buyers. A new market report from Redfin revealed that many Americans remain concerned that mortgage rates may not decline any time soon.
Read More »Big Apple, Big Rental Demand
While the Midwest remains the most dominant region for renters nationwide, one New York borough was named the most popular location for renters, according to RentCafe's October Rental Activity Report. Click here to see which other locales topped the list.
Read More »Residential Remodeling Activity Primed to Retreat?
According to a new analysis from the Joint Center for Housing Studies, home updates are likely to see some changes over the coming year. Click through to learn what the study is forecasting over the next four quarters.
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