Key insight: A retooled version of housing legislation passed the lower chamber by a wide bipartisan margin, including with active support from many Democrats for community bank measures. What’s at stake: As the bill goes back to the Senate, institutional investor and community bank measures are still in play. Forward look: The Senate can choose […]
House passes their version of housing legislation, 396 to 13 Read More »
The increased workload from recent changes in Federal Housing Administration-backed loan servicing means any future strategy to counter today’s rising numbers must include engagement to change borrowers’ mindset, mortgage leaders say. Processing Content Years of relief measures introduced during the COVID-19 pandemic, beginning with automatic forbearance following any stated financial hardship, created a change in
FHA servicers brace for slow, steady delinquency climb Read More »
As buyers return to the market this spring, the percentage of home sellers cutting their asking price is falling and home prices are rising, according to a Redfin report. Processing Content Just over 35% of sellers in the United States decreased their asking price in April, down from 35.6% in March on a seasonally-adjusted basis
Fewer sellers cutting prices as spring buyers return Read More »