Delinquencies were up moderately across the board, as inflows and rolls to later stages of delinquency rose, while cures from both early- and late-stage delinquency improved.
Read More »Commercial/Multifamily Borrowing and Lending Forecast Trends Towards Growth
The MBA has updated its commercial real estate forecast for 2024, as total commercial and multifamily mortgage borrowing and lending expected to rise 29% from 2023’s estimated total of $444 billion.
Read More »Home Price-to-Income Ratios Continue to Rise
In 2022, the median sale price for a single-family home in the US was 5.6 times higher than the median household income—higher than at any point on record, dating back to the early 1970s.
Read More »Lack of Homes for Sale Stalls Potential Price Drops
As Americans continue, "grappling with limited purchasing power," according to Redfin Senior Economist Sheharyar Bokhari, housing supply remained below pre-pandemic levels in December, preventing home prices from dropping further as buyers continue to compete for a limited supply of homes for sale.
Read More »Climate Risk Takes Center Stage at FHFA Forum
FHFA recently hosted the Fall 2023 Econ Summit, an exchange of ideas on climate change and insurance; land use and risk modeling; and the impact of disaster risk on home prices.
Read More »Fannie Mae Outlines New Groundwork for Single-Family Social MBS
The GSE has announced updates to disclosures for the company's Single-Family MBS to further enhance its mission to support access to credit and affordable housing nationwide.
Read More »National Property Preservation Conference Returned to Washington, D.C.
The annual National Property Preservation Conference once again brought together a cross-section of field services vendors, mortgage servicing professionals, and representatives of government agencies and the GSEs to “discuss pressing issues and develop solutions.”
Read More »Poll: Property Flippers Feel the Market Improved in Q3
A new survey has found that fix-and-flip investors and rental property owners cite a high-mortgage-rate market and limited inventory as their biggest challenges, but insurance costs and coverage are growing concerns as 2024 begins.
Read More »Record Office-to-Apartment Conversions Expected in 2024
A prominent trend in renowned U.S. metros like Washington, D.C., New York, and Dallas, a new report revealed the conversion of office buildings into living spaces is projected to surge to a new record high in 2024, having more than quadrupled in the past four years.
Read More »Schneiderman & Sherman Expands Into the Land of 10,000 Lakes
Michigan-based law firm opens new office in St. Paul, Minnesota to expand its mission as an advocate for the mortgage servicing community.
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