May’s Data Reports Spike in Foreclosure Activity
Fri, 09 Jun 2023 21:33:03 +0000
Foreclosure starts increased 4 % over April 2023, while completed foreclosures increased 38%.

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Report: Housing Market Still Short on Middle-Income Housing
Fri, 09 Jun 2023 21:07:22 +0000
The NAR says the market needs an additional 320,000 new home listings valued at no more than $256,000 so that borrowers earning below $75,000 can get into the market.

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Typical Asking Rents Experience Largest Drop Since 2020
Fri, 09 Jun 2023 20:42:08 +0000
In May, nationwide rents posted their largest decline since 2020 as the median asking rent rose 1.4% from a month earlier, according to a new report from Redfin.

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Federal Agencies Issue Guidance on Third-Party Risk Management
Fri, 09 Jun 2023 19:13:11 +0000
inal guidance from the Federal Reserve, FDIC, and OCC outlines principles and considerations for banking organizations’ risk management of third-party relationships.

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The Week Ahead: REO Specialists Zero in on Squatters
Fri, 09 Jun 2023 17:18:58 +0000
In an upcoming webinar geared toward the REO market, a panel of experts will discuss the risks associated with squatters, and how to take the appropriate measures in addressing the problems they cause.

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CFPB, Treasury, Other Agencies Propose New Real Estate Valuation Guidance
Thu, 08 Jun 2023 21:57:28 +0000
Five federal regulatory agencies—including CFPB, Treasury, Federal Reserve, FDIC, and National Credit Union Administration—have requested public comment on proposed guidance addressing reconsiderations of value (ROV) for residential real estate transactions.

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Native Americans to Receive More Financing Options for Affordable Housing
Thu, 08 Jun 2023 20:53:05 +0000
Freddie Mac’s new mortgage product, HeritageOne, is meant to drive affordable financing options for single-family properties on tribal lands and rural areas in addition financial counseling.

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Q1 Home Equity Takes a Dip YoY
Thu, 08 Jun 2023 20:03:35 +0000
First quarter home equity decreased by 0.7% year-over-year, the first such decline since early 2012. Click through for more.

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New Listings Reach Lowest Level of Any Early June on Record
Thu, 08 Jun 2023 18:13:46 +0000
The overall lack of new listings nationwide has pushed the total number of homes on the market down 5% year-over-year, reaching their lowest level of any early June on record, according to a new housing market update from Redfin.

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How Real-Time Policymaking Drives Mortgage Innovation
Thu, 08 Jun 2023 16:35:17 +0000
Dan Sogorka of Sagent explains how regulators pivot in times of crisis to maintain stability in the marketplace, bringing order to chaos and preventing systemic breakdowns.

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