FOA outlines forthcoming actions following PHH reverse asset acquisition.
FOA plans to absorb PHH’s $9.6B HECM portfolio amid its exit from reverse mortgages, outlining strategies to navigate upcoming industry changes.
Home Prices Stabilize as Buyers Gain Leverage in a Cooling Market
Over 42% of properties for sale have experienced price reductions, highlighting current market pressures, while only 2% have seen increases in value.
Pennsylvania Experiences 6.4% Increase in Home Sales
Discover insights on the recent growth in Pennsylvania home sales, with the median price at $300,000, relevant for private lenders assessing market trends.
Study Reveals Nearly 9% of Homes Owned by Corporations and Investors
Explore how corporate ownership is impacting housing markets in key communities, with nearly 9% of residences now held by corporate entities and investors.
DeSantis Declares Age-Specific Property Tax Relief as Unfeasible
Explore the implications of proposed tax relief for homestead properties, focusing on benefits for young families and the broader real estate market.
Senate Banking Committee Moves Forward with FHA and Ginnie Mae Nominees
Senate committee advances Frank Cassidy and Joseph Gormley for FHA and Ginnie Mae roles, with industry groups advocating for their swift confirmation.
Manufactured Homes: Addressing the Housing Affordability Challenge
Discover how states with limited manufactured housing, like Hawaii and California, showcase some of the highest median home prices in the country. Insights for private lenders.
Mortgage Applications Decrease by 5.2% Following Rate Increase
Mortgage applications declined 5.2% as rising rates impacted refinance and purchase activities, signaling potential shifts in market dynamics for private lenders.
Ackman deems GSE stock sale impractical and proposes alternative plan
Billionaire investor Bill Ackman unveils a three-step plan for Fannie Mae and Freddie Mac, declaring a stock offering as unfeasible amidst ongoing industry challenges.
The Rise of Mortgage Defects and Their Increasing Importance
Mortgage loan defects increased for the second consecutive quarter, primarily due to cash-out refinances and rising eligibility challenges for borrowers.