Industry News

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Zillow Predicts 2023 Midwest Housing Boom
Fri, 02 Dec 2022 22:18:02 +0000
The Midwest did not experience the same price surges other areas of the country have experienced since the beginning of the pandemic.

Plan & Prevail: How the Industry Can Prepare for an Uncertain Future
Fri, 02 Dec 2022 20:52:50 +0000
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.

Analyzing Q3’s Most At-Risk Housing Markets
Fri, 02 Dec 2022 20:12:11 +0000
A new study examines the nation’s regions that were most vulnerable to market declines in the third quarter of 2022, based on home affordability and foreclosures.

Florida Appellate Court Enforces Rules on Mediated Settlement Agreements
Fri, 02 Dec 2022 18:06:34 +0000
Attorney Adam Diaz discusses a recent case where a settlement, although signed by the attorneys for both parties, was not signed by either of their clients.

The Week Ahead: What Lies Ahead for Loss Mitigation
Fri, 02 Dec 2022 17:02:09 +0000
An upcoming Urban Institute event will spotlight loss mitigation tools and how they have kept borrowers in their homes while dealing with hardships.

On the State of Black Homeownership
Thu, 01 Dec 2022 21:54:30 +0000
The National Association of Real Estate Brokers has released its “State of Housing in Black America Report,” which aims to provide a comprehensive annual analysis of Black homeownership and the historic barriers they face when seeking to purchase a home.

FHA Issues Forward and Reverse Loan Limits for 2023
Thu, 01 Dec 2022 20:37:16 +0000
Keeping in line with the steep increase of housing prices nationwide, the FHA has set forth its Single-Family Title II forward and Home Equity Conversion Mortgage loan limits for the upcoming calendar year.

FHFA Announces Revised Deemed-Issuance Ratio for 2023
Thu, 01 Dec 2022 17:21:46 +0000
In accordance with IRS guidelines on the trading of Uniform Mortgage-Backed Securities, the FHFA’s deemed-issuance-ratio for the new year will be set to 53% for Fannie Mae and 47% for Freddie Mac.

HUD Seeks to Expand Homeownership for Native American Families
Thu, 01 Dec 2022 16:28:22 +0000
A new HUD proposed rule aims to increase homeownership opportunities for Native American families by providing a federal guarantee on qualifying loans in the event of default.

PHH Mortgage Names New Default Servicing SVP
Wed, 30 Nov 2022 19:53:08 +0000
Michael Keaton joins PHH Mortgage Corporation as its new SVP of Default Subservicing.