Over 40% of millennial and Gen Z homeowners claim they struggle to afford their regular housing payments, a substantial number but less than the 70% who are saying the same about their rent, a Redfin survey found. In May, a survey conducted by Ipsos for the real estate company had over 4,000 homeowners and renter […]
Gen Z, millennials struggle with housing costs Read More »
Mortgage performance improved in July, signaling overall strength for the typical U.S. homeowner, but pockets of troubled borrowers are evident in the latest data, according to an Intercontinental Exchange report. The national delinquency rate came in at 3.27% in July, equivalent to 1.79 million loans, and fell 8 basis points from the previous month, ICE
Mortgage defaults ease to start second half of 2025 Read More »
With three of Donald Trump’s adversaries now under investigation for occupancy fraud, the practice of misstating a home’s intended use on mortgage applications is drawing fresh scrutiny. We asked experts how widespread the problem really is and what the renewed attention could mean for the industry. The type of fraud a government-sponsored enterprise regulator is
As Trump, foes collide, occupancy fraud is spotlighted Read More »
Real estate investors own almost 900,000 vacant properties nationwide, a share greater than the number of empty homes across the rest of the housing market, Attom reports. The vacancy rate nationwide is steady in the third quarter compared to past years, according to the property analytics firm’s latest study. The number of homes that have
Investors own almost 900,000 vacant homes: Attom Read More »
Real estate investment trust Two settled its long-running litigation with its former external manager Pine River for a one-time payment of $375 million. The dispute escalated in July 2020, when Pine River and affiliated entities dismissed a state court legal filing and instead pursued the case in federal court. At the same time, Two, the
Two settles litigation with former advisor for $375M Read More »
Having spent decades navigating the ups and downs of the mortgage industry, I’ve learned that challenging market conditions offer two choices: stand still and hope for improvements or go on the offensive and invest in positioning your company for long-term success. Today’s market represents one of those pivotal moments, with recent data indicating slower home
4 steps to take before the next mortgage market shift Read More »
Increasing loan balances, reduced head count and higher seasonal volume led nonbanks to report the highest loan production profits in years last quarter, according to the Mortgage Bankers Association. The pre-tax net production profit of $950 per originated reversed a two-quarter slide into the red, with improvement surging from a loss of $28 per transaction
Cost cutting helps drive IMBs to best numbers since 2021 Read More »
Lenders, homeowners and servicers are facing a massive wildfire risk in the Western U.S. that extends beyond the initial burn. Insurance woes, inflationary pressures and contractor shortages are weighing on affected mortgage holders, according to Cotality’s 2025 Wildfire Risk Report. The assessment found nearly 2.6 million homes at moderate or greater risk of wildfire damage
How big is the wildfire risk in the Western housing market? Read More »
With all eyes now firmly focused on the second half of 2025, mortgage servicers throughout the U.S. face an important period for property tax management. More than 60% of all property tax bills are due between July and December, making the second half of the year extremely critical for the mortgage industry. Data from FRED
Common pitfalls: Where mortgage servicers often stumble in the second half Read More »
A California regulator is fining the defunct Caliber Home Loans $1.8 million for overcharging borrowers, an issue stemming from an examination almost a decade ago. The former lender, which was purchased by Newrez in 2021, has also refunded over $550,000 to impacted California borrowers, according to a press release Monday. The California Department of Financial
Caliber Home Loans fined for overcharging clients Read More »