Special Program Root Tag

Listing inventory is returning to levels not seen since before the pandemic, but building material shortages and supply chain issues continue to have an impact on new construction.

The application process was regarded more positively, which suggests originators have been successful at improving in this area.

Although housing costs are still far higher than levels from a year ago, monthly data showed prices declined across five U.S. regions in June, and a separate survey indicated almost one-third of sellers had recently slashed prices.

BofA has launched two programs, one focused on increasing homeownership for Black and Hispanic Americans, and the other on small businesses owned by women and minorities that buy commercial real estate in federal opportunity zones.

With Mortgage Bankers Association numbers showing just 57% were profitable in the second quarter, companies have tough decisions to make, but they have options that will help many stay the course.

Cybersecurity expenses and threats

Traditional metrics provide limited insight as to whether a portfolio is on its way to reperformance, so instead of tracking things like calls per employee, measure the number of homeowners helped.

A data breach in 2022 costs companies $4.35 million on average, an all-time high according to IBM research.

Automating rent-based underwriting for single-family loans and offering incentives for multifamily borrowers who accept housing vouchers are just two ways Fannie Mae and Freddie Mac are tackling the challenge of equitable housing.

Both bank and nonbanks are starting in — or returning to — this segment as they look to make up for declining originations. But there are a few key issues to consider before taking on the new line of business.

Advances by Federal Home Loan banks hit a 15-year low last year, but commercial banks and other financial institutions are clamoring for more as loan demand has increased and deposits have ebbed. How long will the trend continue?

Speaking with the consumer regarding the proper amount and type of insurance needed is the best way for lenders and servicers to mitigate the likelihood of default.

To meet the growing demand, banks are faced with a choice of hiring, reskilling or outsourcing.

While commercial investors have begun to recognize the importance of anticipating extreme weather events in their business strategies, companies involved in residential transactions lag behind.

Farmers Bank plans to develop new revenue from home loans, despite seeing many bigger lenders flee the same market.

Insurers and Uncle Sam are having trouble footing bills for mounting climate-related risks, particularly in regions prone to hurricanes and wildfires.

In a reversal of 2021 trends, inventory is increasing and price reductions are occurring across cost levels, though less often among the least expensive homes, according to reports from Zillow and Redfin.

The Federal Housing Finance Agency wants to change some of the government-sponsored enterprises' targets in ways that could create more low-income rental units as higher costs squeeze tenants.

Rising insurance costs and pricier fire resistant building materials are testing how the second most expensive state responds to climate emergencies