Industry News

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Housing Supply Jumps to Six-Month High
Wed, 27 Sep 2023 16:30:30 +0000
U.S. housing supply jumped to 7.8 months at the current sales rate in August, the highest measure recorded since March 2023, as the inventory of completed homes for sale continued to climb, hitting its highest level since April 2020.

More Homebuyers Are Targeting Places Endangered by Extreme Weather
Wed, 27 Sep 2023 15:55:22 +0000
Redfin reports that a record share of homebuyers nationwide are relocating to areas facing increasing climate risks, including metros that are often faced with extreme wind/hurricane risk, and flooding.

Fannie Mae Executes its Eighth CIRT of 2023
Wed, 27 Sep 2023 15:10:49 +0000
The GSEs’ latest Credit Insurance Risk Transfer consists of approximately 27,000 single-family mortgage loans with an outstanding unpaid principal balance of approximately $8.4 billion.

Robert Howerton Named CIO of Dovenmuehle Mortgage
Wed, 27 Sep 2023 14:34:06 +0000
Former VP of Infrastructure at Mr. Cooper brings 20-plus years of experience to his new role as CIO where he will manage, maintain, and expand the company’s IT infrastructure.

U.S. Housing Market Value Surges More Than $2.6T YoY
Tue, 26 Sep 2023 21:13:30 +0000
The total value of the U.S. housing market surged more than $2.6 trillion year-over-year, nearly 50% higher than pre-pandemic levels, as a new Zillow report revealed which states and metro areas boast the most valuable real estate in the nation.

Demand for Vacation Homes and Investment Properties Falls to Seven-Year Low
Tue, 26 Sep 2023 19:55:56 +0000
A new Redfin report found that increased housing costs, short supply, and return-to-office mandates have factored into a decline in the demand for vacation homes and investment properties nationwide.

CFPB Proposes the Removal of Medical Bills From Credit Reports
Tue, 26 Sep 2023 17:37:12 +0000
Proposals are being considered by the Bureau to help end coercive debt collection tactics, clean up inaccurate data, and improve credit score predictiveness by erasing medical bills from Americans’ credit reports.

Freddie Mac Sells $586 Million in Non-Performing Residential Loans
Tue, 26 Sep 2023 16:46:42 +0000
The GSE has announced the sale, via auction, of more than 3,500 non-performing residential first lien loans (NPLs) from its mortgage-related investments portfolio as part of Freddie Mac’s Standard Pool Offerings.

Annual Home Price Appreciation on Pace to Accelerate
Tue, 26 Sep 2023 16:12:29 +0000
Home prices continued to rally nationwide in July, as the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a slight 1% annual change in July, up from no change the previous month.

Study Examines Why 1 in 5 Americans Regret Moving
Mon, 25 Sep 2023 22:04:53 +0000
Among homeowners who have relocated in the last three years, more than 20% regret moving, according to a new study from All Star Home, with unexpected housing costs cited as the top driver of buyer's remorse.