Commentary

The Federal Housing Agency and the Consumer Financial Protection Bureau have been called on to fix servicing problems and create additional protection for the 480,000 outstanding reverse mortgages in the country.

This is now the eighth consecutive rate hike, an increase of 4.5% since the hikes began.

A new report from the National Association of Realtors shows pending home sales numbers improving on a monthly basis for the first time in six months. Click through to read Chief Economist Lawrence Yun’s thoughts on the matter.

“While loan portfolio delinquencies for Fitch-rated bank and non-bank servicers were stable for the third consecutive quarter, the impact of four consecutive quarters of new foreclosure filings post-moratoria is now being felt in new REO volume,” said Fitch Director Richard Koch.

“The steep annual decline in market potential was largely a result of higher mortgage rates, which prevent both buyers and sellers from jumping into the market,” said Mark Fleming, Chief Economist for First American Financial Corporation.

The amount consumers are set to spend on home renovations or repairs is set to slide for the first time in a few years. Click through for more.

"There are economic signals pointing to recession but also signs that a 'soft landing' may be in the offing," said Doug Duncan, SVP and Chief Economist, Fannie Mae.

The Joint Center for Housing Studies at Harvard University examines big data, advanced analytics, and AI’s impact on real estate investments and single-family rentals.

Though the housing industry may not be able to pinpoint the next widescale impactful event, developing a well-grounded plan can help navigate it, mitigate risk, and get homeowners back on track.

Most courts inherently do not like default interest because they see it as an improper “penalty.” Attorney T. Robert Finlay examines what the First District of the California Court of Appeals recently found in a recent case.