Uncertainty, Financial Challenges Driving Down Satisfaction with Mortgage Servicers
With mortgage rates at their highest level since November 2022 and costs for everything from home insurance to maintenance still elevated, mortgage servicer customers are feeling strained, reported J.D. Power, Troy, Mich.
Redfin: Typical Monthly Payment Up Nearly 20% From Last Year
Redfin, Seattle, found the typical U.S. homebuyer’s monthly payment is up 19% from a year ago, at $2,605, during the four weeks ending July 30.
MISMO Seeks Public Comment on Tools Aimed at Enhancing Business Efficiency
MISMO, the real estate finance industry’s standards organization, announced that it is seeking public comments on the latest version of the MISMO Life of Loan Process Model, and an updated version of the MISMO Business Glossary.
Homeowner Housing Vacancy Rate Dips YoY; Rental Vacancy Rate Increases
The Census Bureau, Washington, D.C., said the homeowner vacancy rate fell slightly in the second quarter compared to a year ago while the rental vacancy rate increased.
