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Loan Modifications Affect the Mortgage Ecosystem
Source: Scotsman Guide --- The Consumer Financial Protection Bureau (CFPB) has been closely monitoring the loan default situation and is taking various steps in a bid to prevent a wave of foreclosures that could result from borrowers exiting their mortgage forbearance...
The housing market is booming but remains deeply unequal
Source: The Washington Post --- The current housing market features plenty of prospective buyers but few sellers, and is likely to make housing inequality and the racial wealth gap much worse. Politicians are beginning to grapple with this problem. President Biden...
Redfin Survey: One-Third of Millennial Homebuyers Are Using Extra Savings From the Pandemic for Their Down Payment
Source: Redfin --- Private outdoor space is the number one feature buyers are looking for this year. Rising prices are the top concern, reflecting America’s hot housing market, with price growth hitting double digits every month this year. For nearly one-third (31%)...
Investors Buying Real Estate to Beat Inflation May Find Tactic Backfires
Source: The Wall Street Journal --- Investors are eyeing real estate as a way to hedge against inflation. Many are bound to be disappointed. While single-family homes usually perform well during inflationary periods, values of offices, retail buildings and other...
Mortgage Loans in Forbearance Dips to 4.2 Percent in U.S.
Source: The World Property Journal --- The latest Mortgage Bankers Association Forbearance and Call Volume Survey has revealed that the total number of U.S. loans now in forbearance decreased by 3 basis points from 4.22% of servicers' portfolio volume in the prior...
California Median Home Prices Hit Record High $800,000 in April
Source: The World Property Journal --- The California Association of Realtors reported this week that heated market conditions and a shortage of homes for sale continued to put upward pressure on home prices in California, driving the state's median price above the...
Aging in Place Comfortably and Stylishly
Source: New York Times --- They never wanted to call it retirement, but for Susan Farnsworth, Leigh Hough and Jean-Philippe Jomini, a throuple — a romantic partnership of three people — that has lived together as an intentional family for over 15 years, it felt...
Combating Wire Fraud In The Mortgage Industry
Source: Forbes --- As real estate transactions have moved online, so have scammers who hope to intercept money that's meant for down payments and funding loans. According to the FBI's 2020 Internet Crime Report, nearly 14,000 people fell victim to real estate/rental...
Buyers in Indianapolis, Omaha and Seattle are Snapping Up Homes in 5 Days or Less
Source: Redfin --- April was another history-making month for housing, with homes selling for higher prices and in fewer days since at least 2012, when Redfin began tracking national housing data. The following measures all hit new records: The national median...
Senators reintroduce bill to allow remote online notarizations
Source: Housing Wire --- Could it finally be happening? Senators Mark Warner (D-Va.) and Kevin Cramer (R-N.D.) have reintroduced federal legislation that would allow remote online legislation (RON) nationwide. Dubbed the Securing and Enabling Commerce Using Remote...














