Redfin, Seattle, found that the demand for vacation and second homes has dropped to the lowest level in at least six years.
Category: News and Trends
Most Compliance Professionals View Technology-Driven Risks as Top Threat, eflow Global Finds
Nearly two-thirds of regulatory compliance professionals say technology-driven risk is the most significant market force likely to cause compliance issues for financial services firms, according to eflow Global, Boston.
ATTOM: Home Equity Dips Slightly in Q1
ATTOM, Irvine, Calif., released its Q1 Home Equity and Underwater Report, revealing that 46.2% of mortgaged residential properties were considered equity-rich in the first quarter.
MBA Statement on the Nomination of Jonathan McKernan as Undersecretary of Domestic Finance at the Treasury Department
MBA President and CEO Bob Broeksmit, CMB, released a statement on the nomination of Jonathan McKernan to serve as the Undersecretary of Domestic Finance at the U.S. Department of the Treasury.
Servicing Quote of the Week
“Despite the financial market volatility in April, and expectations of a sharp slowdown in economic activity in the coming months, these data will be enough to keep the Federal Reserve on the sidelines for now, as they assess whether the threat to economic growth or inflation is the bigger concern.”
–MBA SVP and Chief Economist Mike Fratantoni
Cornerstone Servicing’s Toby Wells: Proactive Risk Mitigation in Default Servicing
MBA NewsLink recently interviewed Toby Wells, president of Cornerstone Servicing, Englewood, Colo. a residential loan subservicer and division of Cornerstone Capital Bank, SSB. Wells has nearly 30 years of experience spanning mortgage servicing, originations, capital markets and asset management.
Harvard JCHS Projects Continued Gains for Remodeling Amid Economic Uncertainty
Annual expenditures for improvements and maintenance to owner-occupied homes should grow modestly through 2026, according to the Joint Center for Housing Studies of Harvard University.
ValuePenguin: Two-Thirds of Home Insurance Policyholders Say Rates Rose Last Year
ValuePenguin, a division of LendingTree, Charlotte, N.C., released a new survey finding that two in three home insurance policyholders say their rates rose in 2024.
Auction.com: Foreclosure Auction Volume Hits Six-Quarter High in Q1
Auction.com, Irvine, Calif., found foreclosure auction volume was up 4% annually in the first quarter, to notch a six-quarter high.
Chart of the Week: Monthly Payroll Growth, Unemployment Rate and Average Hourly Earnings
The April Employment Situation report showed that the job market continues to hold up.