“Though mortgage rates are substantially higher than they have been on average over the past decade, from an historic perspective rates are about average,” Freddie Mac said.
Read More »Fannie Mae: Recessionary Conditions Still Expected in 2023
“There are select data available to support several alternative views of the path of the economy, though we maintain our view that a modest recession will begin in the second half of 2023,” said Doug Duncan, SVP and Chief Economist at Fannie Mae.
Read More »Overcoming Industry Headwinds
An upcoming Five Star Institute Webinar will delve into the landscape of the mortgage industry over the next 12 months, including a possible rise in home equity loans, a decrease in savings, increased credit card usage, and overall consumer weariness, among other topics.
Read More »Financial Services Attorneys, Mortgage Servicers Convene for Legal League Summit
The Spring Legal League Summit, hosted by Five Star Institute, featured two days of classes, discussions, and networking, followed by a trip to a Texas Rangers Game.
Read More »HUD Issues $3.4 Million in Additional American Rescue Plan Support
“Negative impacts from the COVID-19 pandemic continue to be experienced by many communities. HUD’s Fair Housing Initiatives Program partners are uniquely positioned to address the housing discrimination concerns of vulnerable populations,” said Demetria L. McCain, HUD’s Principal Deputy Assistant Secretary for Fair Housing and Equal Opportunity.
Read More »Cash-Out Refis Could Trap Many Borrowers
The American Enterprise Institute and Center for Responsible Lending are jointly warning borrowers that cash-out refinances may worsen their financial stability for years to come by shouldering monthly payments that are significantly higher.
Read More »REO Community Set to Gather This May
The Five Star Institute presents the first-ever REO Connect event, a gathering of the REO community featuring educational offerings and networking opportunities geared to meet the needs of unique marketplace.
Read More »HUD Extends Loan Mod Option to 480 Months
By helping reduce foreclosures and expanding loss mitigation options, HUD’s new rule seeks to help keep more in their homes in times of economic instability.
Read More »Healthy Job Market Keeping Homeowners Out of Delinquency
“Mortgage delinquency rates continued to post some of the strongest performance in three years in December, as a healthy job market helped borrowers remain current on their payments,” said Molly Boesel, Principal Economist at CoreLogic.
Read More »Ten Quarters of Equity Gains Come to a Close
While home equity levels remained relatively flat, equity rich properties now make up 48% of all mortgaged properties.
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