ATTOM, Irvine, Calif., released its fourth-quarter 2023 U.S. Home Equity & Underwater Report, showing 46.1% of mortgaged residential properties in the U.S. were considered equity-rich, a slight drop from 47.4% in the third quarter.
Category: News and Trends
Industry Briefs, Feb. 7, 2024
Industry news from Freddie Mac, NAMMBA, Rocket Mortgage, First Federal Bank and Calque.
DLS Servicing’s Donna Schmidt: Be Prepared for a Data Breach at Your Servicing Platform Provider
When key servicing partners like title companies are compromised, it not only hampers their direct operations, but also affects the servicers that rely on them for critical operations.
ICE Finds Positive Signs in Housing, Mortgage Markets Ahead of Spring Homebuying Season
Housing affordability has improved in recent months, with the share of income required to purchase the median home falling nearly 5 percentage points from October, and the inventory deficit continues to improve. This indicates a better housing market environment in coming months, according to Intercontinental Exchange.
Quote: Feb. 6, 2024
“In recent months, we’ve seen improvement in rates, affordability, and for sale inventory, with monthly home price growth moderating on a seasonally adjusted basis. While we are still out of sync with historical norms on multiple fronts, each of those metrics have at least been moving in the right direction.”
–ICE Vice President of Enterprise Research Strategy Andy Walden
CBRE’s Investor Intentions Survey Shows Improved Sentiment
CBRE, Dallas, released its 2024 U.S. Investor Intentions Survey finding that investor sentiment has greatly improved, but concerns such as higher-for-longer interest rates, tight credit conditions and differing buyer and seller expectations still weigh on the industry.
ICE Mortgage Technology Sponsored Content: Embracing Automation for a Frictionless Mortgage Experience
Become the lender of choice by transforming your entire mortgage process to create a frictionless experience for your borrowers.
Redfin: New Builds as Share of Homes for Sale in Q4 Near Record High
Redfin, Seattle, found in a recent report that 31.8% of U.S. single-family homes for sale in the fourth quarter were new construction, just shy of the all-time fourth quarter high of 31.9%.
People in the News, Feb. 5, 2024
Industry personnel news from Cenlar, AryMing Asset Management and BWE.
U.S. Economy Adds 353,000 Jobs in January
Total nonfarm payroll employment rose by 353,000 in January, with the unemployment rate flat at 3.7%, the Bureau of Labor Statistics reported Feb. 2.