REI INK

HOMEOWNERSHIP STILL UNAFFORDABLE ACROSS MOST OF U.S. BUT DECLINING HOME PRICES MAY PROVIDE RELIEF FOR HOMEBUYERS

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Major Home-Ownership Costs Require 30 Percent of Average National Wage in Third Quarter of 2022; But Portion of Wages Needed for Home Ownership Dips as Home Prices Decrease Quarterly, to $340,000; Historic Affordability Remains Worse Than Average Almost Everywhere Across Nation ATTOM, a leading curator of real estate data nationwide for land and property data, released its third-quarter 2022 U.S. Home Affordability Report showing that median-priced single-family homes and condos remain less affordable in the

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Fannie Mae Announces Priscilla Almodovar as Chief Executive Officer

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Financial services veteran brings more than 30 years of finance, real estate, and community development expertise and a strong commitment to affordable housing. Fannie Mae announced that it has appointed Priscilla Almodovar as Chief Executive Officer (CEO) and member of the Board of Directors, effective December 5, 2022. Almodovar will succeed David C. Benson, who has served as Interim CEO and a member of the Board of Directors since May 2022. After her arrival, Benson

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WORD OF THE DAY: Loquacious

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[lō-ˈkwā-shəs] Part of speech: adjective Origin: Latin, mid 17th century Definition: Tending to talk very freely; extremely talkative; characterized by excessive wordiness. Examples of loquacious in a sentence “I would’ve arrived on time if it weren’t for a long conversation with my loquacious neighbor.” “She tended to be quite loquacious, speaking long after her time had run out.” About Loquacious Fran Capo may be considered the world’s most loquacious person. Certified by the Guinness World

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Residential Rental Industry Veteran Chaz Mueller Joins MCS Board as Independent Director

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MCS (the “Company”), one of the nation’s leading providers of property services, announced that Chaz Mueller has joined its Board of Directors as an Independent Director effective immediately. Mueller brings more than 25 years of senior executive leadership experience within the single-family and multifamily rental industries, which will assist the Company as it continues to expand its property service offerings into these markets by leveraging its capabilities built over 35

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Black Knight: Mortgage Delinquencies Near Record Low in August; Foreclosure Starts Up 15% from July, Still More Than 40% Below Pre-Pandemic Levels

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The national delinquency rate fell 3.6% in August to 2.79%, just 4 BPS above May 2022’s record low Improvement was broad based, with the number of borrowers a single payment past due falling by 4% and those 90 or more days delinquent down 4.5% After dropping steadily over recent months, cure activity also improved in August, with 62K seriously delinquent loans curing to current status, up from 58K in July The month’s 20.3K foreclosure starts represent

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WORD OF THE DAY: Sitooterie

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[sih-TOO-ter-ee] Part of speech: noun Origin: Scottish, 1920s Definition: A small building or area where people can sit outside; a summer house, conservatory, or gazebo. Examples of sitooterie in a sentence “The sitooterie was set up for a small afternoon party.” “She enjoyed being able to relax and read in the sitooterie for hours.” About Sitooterie Imagine the 1920s with glamorous outdoor garden parties and soirees. Of course these events would be held in a

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