News Updates

Fannie Mae Expands Equitable Housing Finance Plan

Innovations build on multi-year effort to drive equity in the housing industry Fannie Mae released its annual update to the 2022-2024 Equitable Housing Finance Plan. This plan is focused on knocking down barriers faced by underserved communities and further driving our mission of facilitating...

read more

Endpoint Promotes Shawna Hernandez to Chief Operating Officer

Endpoint, the digital title and settlement company on a mission to make the home closing process easy for all, announced it has promoted Shawna Hernandez to chief operating officer, a newly created role. As COO, Hernandez will lead the teams implementing Endpoint’s digital closing solutions and...

read more

CROSS COUNTRY MOVERS LARGELY UNDETERRED BY RISING MORTGAGE RATES

Redfin.com user search data shows that 14% fewer homebuyers looked to move within their own metro area in February than a year earlier, compared with a 4% drop for out-of-town movers The number of Redfin.com home searchers looking to relocate to a new metro fell 3.6% year over year in February,...

read more

FarmTogether Study: Farmland Investing During Uncertain Times

The study illustrates farmland's historical resilience in the face of financial turbulence, demonstrated by the asset's strong performance since the onset of the COVID-19 pandemic and subsequent market turbulence. Farmland investment manager FarmTogether released a new study that...

read more

Prepayments Rebound from All-Time Low

Overall Mortgage Delinquencies Inch Up As 30-Days Late Payments Rise The national mortgage delinquency rate increased 7 basis points in February to 3.45%, but remains down 12.6% year over year Prepayment activity (SMM) inched up to 0.35% -- breaking a four-month streak of record lows, with relief...

read more

The typical down payment has fallen 10% from a year ago

The typical U.S. homebuyer made a $42,000 down payment in January, the lowest level in nearly two years, amid rising mortgage rates and low competition The typical U.S. homebuyer’s down payment fell 10% year over year in January to $42,375, its lowest level in nearly two years, according to...

read more