Investment

A survey from Mphasis Digital Risk shows that a majority of younger Americans routinely go online to check the value of friends’ and neighbors’ home prices, and this act is causing them yet another form of stress.

As the nationwide housing shortage continues, an analysis of data from New Western has found that 80% of surveyed investors are selling homes at or above the asking price after renovating the properties.

“Housing's performance is a testimony to the strength of demographic-related demand in the face of baby boomers aging in place and Gen-Xers locking in historically low rates,” noted Doug Duncan, SVP and Chief Economist for Fannie Mae.

The CFPB has issued a pair of reports looking at the state of banking in the Southern United States and found that a lack of local access to banking options can make it harder to get competitive interest rates on mortgages, credit cards, or small business loans.

ATTOM has found that nearly 73,000 single-family homes and condominiums in the nation were flipped in Q1 2023, hitting the second-highest mark for home flippers this century.

NAR reports that existing-home sales recorded a slight gain of 0.2% to a seasonally adjusted annual rate of 4.3 million units.

Closing this latest MSR deal, Planet Home Lending has increased its overall servicing portfolio to $94 billion and its MSR book by 10.6%.

The numbers are in from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, and the news is good—at least on a short-term scale.

An upcoming webinar will forecast housing values over the next year, given the current market environment, as well as discussing loss mitigation decisioning.

Attorney Joseph T. McCormick details a recent Ninth Circuit opinion on when a servicer can take possession of a property under the Oregon Unlawful Trade Practices Act.