Recent Issue

Seasonal Cooling Cures Some Affordability Problems

By Sasa | January 20, 2023
“Rocketed” has been a common word used to describe the housing market over the last two years, but a confluence of events is causing that rocket to now come back to earth as affordability challenges kept demand in check, as told by Zillow.  According to their new report, falling mortgage rates lowered costs slightly, and […]
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January 20, 2023 Market Trends

Finding Diamonds in the Rough

With roots deep in the real estate market, born during the housing boom beginning in the early 2000s and coming of age during the SFR (single-family rental) Industry Institutionalization of 2013, TalentWoo is a boutique real estate executive search and recruitment process outsourcing (RPO) company. TalentWoo CEO Jerel Cain recently spoke with MReport about how […]
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January 20, 2023 Industry News

GSEs Update Single-Family Pricing Framework

The Federal Housing Finance Agency (FHFA) has announced further changes to Fannie Mae’s and Freddie Mac’s single-family pricing framework by introducing redesigned and recalibrated upfront fee matrices for purchase, rate-term refinance, and cash-out refinance loans. “These changes to upfront fees will strengthen the safety and soundness of the Enterprises by enhancing their ability to improve […]
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January 20, 2023 Default ServicingIndustry News

Nearly 17K Homes Suffer Damage From Southern Tornado Path in January

According to CoreLogic, hail, straight-line winds, and tornadoes from a January 12 severe thunderstorm system damaged approximately 16,800 properties across areas of Mississippi, Alabama and Georgia. CoreLogic estimates the overall damage to these single- and multifamily residential properties was a combined reconstruction value (RCV) of $4.5 billion. Not all properties within the tornado footprint suffered […]
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January 19, 2023 Industry NewsMarket Trends

Rent Rises Faster Than Home Prices; Still More Affordable Option

ATTOM Data released it’s 2023 Rental Affordability Report, which as a whole, still finds renting the best option in the vast majority of markets compared to owning a comparably sized median-priced home.  However, this news comes with a few caveats. The main one being that both renting and owning a three-bedroom home are significant financial […]
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January 19, 2023 Default ServicingGovernmentIndustry News

The Hurdles Ahead

As the restfulness of the holidays slips into the rearview mirror and the mortgage industry returns to face the turmoil, surprises, and victories of a new year. While the housing landscape is, for the most part, no longer under the ponderous shadow of a global health crisis, there are plenty of challenges to be navigated. […]
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January 18, 2023 Industry News

Renewable Energy Goals Will Define Future of Housing Policy

The Biden-Harris Administration have released a new U.S. National Blueprint for decarbonizing transportation to attain their goal of cutting all greenhouse gas emissions by 2050 for transportation.  The blueprint, which was jointly developed by the Department of Housing and Urban Development, Department of Energy, and the Enviromental Protection Agency. This is another continued effort by […]
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January 18, 2023 Industry NewsMarket Trends

What Cities are Best for First-Time Buyers?

Realtor.com, a proper source of information on current and future housing trends, has predicted the 10 hottest markets for first-time homebuyers, as affordability continues to be a chief concern among them.  The new study, weighed a number of metrics including availability, unemployment, commute time, and forecasted sales growth.  This year, the top markets for first-time […]
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January 18, 2023 Industry NewsMarket Trends

Mortgage Apps Surge With Near-30% Weekly Rise

The year 2023 began with the 30-year fixed-rate mortgage (FRM) dropping 15-basis points, reaching lows last seen in September 2022, and buyers responded, driving overall mortgage application volume up 27.9% week-over-week, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 13, 2023. The Refinance Index continued to show […]
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HUD to File New Rule to Affirmatively Further Fair Housing

By Sasa | January 20, 2023
The Department of Housing and Urban Development (HUD) intends to publish a rule change in the Federal Register which ultimately aims to remedy the effects of the long history of discrimination in housing as part of the Fair Housing Act of 1968.  The rule change “fulfills the promise” of the Fair Housing Act and will […]
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