Despite the coronavirus pandemic, housing activity keeps advancing, researchers say. Analysts say the growth, despite COVID's persistence, “indicates underlying consumer demand.” According to the BuildFax Housing Health Report for July,...
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Housing Market Heats Up, Inventory Still Lags Behind
First American Financial Corporation has released its First American Real House Price Index (RHPI) for May 2020. According to the report—which measures the price changes of single-family properties throughout the...
Read More »OCC Debuts Program to Expand Financial Inclusion
fcd1aa2d-5b26-4754-ab6b-8342360620f8 The Office of the Comptroller of the Currency (OCC) is teaming with leaders in the financial services industry and civil rights organizations on a new program designed to increase...
Read More »Loan Denial Rates Decline
A boom in refinances helped drive a 26% increase in home loan originations in 2019, according to the latest Home Mortgage Disclosure Act (HMDA) data released by the Federal Financial...
Read More »Mortgage Debt Increases in Q4
Mortgage balances rose by $120 billion in Q4 2019 according to the Federal Reserve Bank of New York. Total household debt increased by $193 billion (1.4%) to $14.15 trillion in...
Read More »Foreclosures Driving These Cities to a Crash
Overall, the U.S. housing market has been strong, but in a few communities across the country, signs of weakness have begun to show. These communities may be at risk for...
Read More »Pre-Foreclosures Spiking in the Big Apple
...an increase in foreclosures was Staten Island, the report noted. In Q2, foreclosure activity here increased 9% with 159 homes being foreclosed in the area. Staten Island also tied with...
Read More »HUD Reviewing $8.2B Homeowner Relief Efforts in Puerto Rico
Housing and Urban Development's (HUD) acting Deputy Secretary Brian Montgomery told Caribbean Business that HUD is reviewing an action plan submitted by the government for a second group of funding...
Read More »Where Is Renting Preferred Over Owning a Home?
Demand for homeownership is waning as more residents prefer renting over buying a home, according to the latest national index produced by the Florida Atlantic University (FAU) and Florida International...
Read More »Save the Proof: Mailing Pre-Foreclosure Notices
...and/or the affiant’s personal familiarity with the mailing practices. See Henderson, supra.; U.S. Bank N.A. v. Richards, 155 A.D.3d 522 (1st Dept. 2017); Nationstar Mortg. LLC v. Cogen, 159 A.D.3d...
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