Investment

The MBA, NAR, and NAHB have sent a letter to the Board of Governors of the Federal Reserve about the industry’s concerns over negative market impacts stemming from the Fed’s monetary policy actions.

When it comes to wading through a sea of industry jargon, there is no larger ocean to navigate than the default servicing industry, and an upcoming webinar hosted by Legal League will help assist in improving the communication gap between attorneys and servicers.

As part of the GSE’s effort to reduce the size of its retained mortgage portfolio, Fannie Mae has sold two pools comprised of 1,500-plus loans totaling more than $235 million in unpaid principal balance.

NAR polled more than 176,000 executives and senior management officials at real estate firms and found that housing affordability has left fewer buyers able to purchase a home due to the rise in prices and interest rates, as many potential sellers remain in place rather than choosing to sell.

In a new poll from RCN Capital, in conjunction with CJ Patrick Company, 72% of the real estate investors surveyed felt that market conditions for investing were better or the same as one year ago.

Alongside rising interest rates, the average equity withdrawal among cash-out refinances has also risen by nearly 90% from its low in 2020.

Some towns with four-year colleges that are off the beaten path are ripe for real estate investment as room and board prices soar. Here’s a short list of markets poised to explode.

HUD has issued several grants geared toward research to address disparities in access to mortgage financing and homeownership for borrowers of color and other underserved groups.

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.

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.