SFR Return on Investment Drops as Home Prices Spike
Fri, 20 May 2022 22:10:55 +0000

ATTOM Data Solutions, a real estate data company, released its new Single-Family Rental Market Report which shows that profit margins on three-bedroom single-family home rentals (SFR) have been declining on a year-over-year basis throughout 2022 across much of the U.S. Areas that previously saw lower yields were the most at risk of this recent phenomenon.  To ...

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CFPB Issues New Interpretive Rule
Fri, 20 May 2022 20:31:05 +0000

The Consumer Financial Protection Bureau (CFPB) has issued a new interpretive rule that describes individual states’ authorities to pursue lawbreaking companies and individuals that violate the provisions of federal consumer financial protection law. This announcement is part of the CFPB’s expansion of its efforts to support state enforcement activity.  “In the years leading up to ...

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Distressed Home Sales Down 2% YoY in April
Fri, 20 May 2022 20:00:58 +0000

NAR reports that foreclosures and short sales represented less than 1% of total home sales in April 2022, but down slightly from April 2021’s totals.

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The Week Ahead: Servicers Crafting the Ultimate Client Experience
Fri, 20 May 2022 16:47:56 +0000

An upcoming Five Star/Messagepoint webinar will discuss how perfecting communication processes with your clients will help in delivering an ideal borrower experience.

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Housing Market Moving at Record Speed
Thu, 19 May 2022 22:34:05 +0000

According to the latest Zillow Real Estate Market Report, the housing market is as competitive as ever, moving at record pace. Buyer demand has been strong enough to keep the market moving at a record pace, even after a massive spike in mortgage rates. Year-over-year home value growth set a record for the 13th consecutive ...

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More Than Half of Investors Believe the Housing Market is Overvalued
Thu, 19 May 2022 22:14:15 +0000

Up from 40% a year ago, 55% of real estate investors feel that their local market is overvalued and expect to see a price correction in the coming months.  According to Auction.com, an online distressed real estate marketplace, a March 2022 survey of confirmed buyers who used their platform in the last three years also ...

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SFR Platform Progress Residential Names Adolfo Villagomez as CEO
Thu, 19 May 2022 21:40:47 +0000

Former Home Depot exec brings two decades-plus worth of experience to his new role for SFR management platform responsible for more than 80,000 homes across 30 markets.

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Fannie Mae Downgrades Housing, Origination Forecast
Thu, 19 May 2022 21:01:51 +0000

In their latest forecast, Fannie Mae’s Economic and Strategic Group (ESR) has downgraded its GDP projections along with home sales and mortgage originations due to the current state of the economy.  Fannie Mae now predicts that real GDP growth measured on a fourth-quarter basis will be 1.3%, down from 2.1% predicted at the beginning of the ...

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Ginnie Mae Guarantees $50B-Plus in MBS in April
Wed, 18 May 2022 23:01:37 +0000

April issuance adds more than $19 billion to Ginnie Mae’s overall portfolio, on pace to cross the $2.2 trillion mark in May.

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Uncovering the True Cost of Mortgage Fraud
Wed, 18 May 2022 22:02:55 +0000

LexisNexis has released its first True Cost of Fraud for Real Estate study which examines fraud trends for the United States based on the answers of 360 risk and fraud management executives which found that mortgage lenders are especially vulnerable through online and mobile channels.  The report will also track “pain points” related to fraud detection, prevention, ...

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