Industry News


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Inventory of Homes Drops Again to 923,000 Units
Fri, 21 Jan 2022 22:59:48 +0000

The supply of available homes dropped again in December—a new low recorded by Zillow.

The post Inventory of Homes Drops Again to 923,000 Units appeared first on DSNews.



Ginnie Mae Further Streamlines Advanced Loan Modifications
Fri, 21 Jan 2022 22:49:40 +0000

On Friday afternoon, Ginnie Mae issued a new memorandum (APM 22-01) stating that they are streamlining its documentation requirements for servicers participating in the Federal Housing Administration’s (FHA) Advanced Loan Modification program (ALM).  The memo does away with the requirement for recordation and title insurance in some cases.  The new policy supports the current Administration’s “goal of assisting homeowners impacted by the pandemic get on the road to ...

The post Ginnie Mae Further Streamlines Advanced Loan Modifications appeared first on DSNews.



Which Housing Markets Are Most at Risk of COVID Impact?
Fri, 21 Jan 2022 22:30:55 +0000

Markets were considered vulnerable based on the percentage of homes facing foreclosure, affordability, equity, and foreclosure reports.

The post Which Housing Markets Are Most at Risk of COVID Impact? appeared first on DSNews.



Enforcement Actions Taken Against 400 MLOs Over SAFE Act Violations
Fri, 21 Jan 2022 17:00:38 +0000

State regulators have reached a settlement with 400 mortgage loan originators who falsely claimed to have completed their SAFE Act-mandated education requirements.

The post Enforcement Actions Taken Against 400 MLOs Over SAFE Act Violations appeared first on DSNews.



Existing Home Sales Dipped in December
Thu, 20 Jan 2022 23:22:55 +0000

Closing the books on 2021, The National Association of Realtors (NAR) has reported that, during the month of December, existing-home sales declined 4.6% from November, to a seasonally adjusted annualized rate of 6.18 million, snapping a three-month streak of increases.  Despite the monthly drop, existing home sales increased by an overall 8.5% for the year to 6.12 million units.  Total existing-home sales include completed transactions on single-family homes, ...

The post Existing Home Sales Dipped in December appeared first on DSNews.



Race to Develop Built-to-Rent Homes Accelerating
Thu, 20 Jan 2022 23:10:13 +0000

Some 90,000 existing single-family homes in the United States in nearly 720 such communities are designed specifically for renting.

The post Race to Develop Built-to-Rent Homes Accelerating appeared first on DSNews.



Wells Fargo Names New Chief Revenue Officer
Thu, 20 Jan 2022 17:47:25 +0000

Wells Fargo announced today that Derek Flowers has been appointed the company’s Chief Risk Officer, effective immediately. Flowers will lead all aspects of Wells Fargo’s Independent Risk Management function, including compliance risk management. He will continue to serve as a member of the company’s Operating Committee. “Derek is a proven leader with extensive experience managing risk. Over the last several ...

The post Wells Fargo Names New Chief Revenue Officer appeared first on DSNews.



Examining Climate’s Impact on Migration
Thu, 20 Jan 2022 17:05:26 +0000

A new study has found that more are factoring natural disasters in their decision-making process when it comes to moving.

The post Examining Climate’s Impact on Migration appeared first on DSNews.



Housing Market Drops, Still Up 5% Year Over Year
Wed, 19 Jan 2022 22:55:33 +0000

First American Financial Corporation released their proprietary Potential Home Sales Model for December 2021. The Potential Home Sales Model measures what the healthy market level of home sales should be based on economic, demographic, and housing market fundamentals.  “In December 2021, housing market potential increased 5.0 percent compared with one year ago, but declined modestly on a month-over-month ...

The post Housing Market Drops, Still Up 5% Year Over Year appeared first on DSNews.



Consigliera Founder Named Sagent Chief Product Officer
Wed, 19 Jan 2022 22:50:42 +0000

Mortgage veteran and former DS News Editorial Advisory Board member Courtney Thompson to help deliver consumer simplicity without compromising depth for servicers while leading and expanding product development.

The post Consigliera Founder Named Sagent Chief Product Officer appeared first on DSNews.