HousingWireHousingWire The Federal Housing Administration (FHA) on Wednesday published Mortgagee Letter (ML) 2024-24, which implements guidance first floated this past summer to open up communications between mortgage lenders and defaulted borrowers to remote and electronic methods. This is designed to broaden the ways for borrowers to meet with lenders following…
Continue reading →HousingWireHousingWire After hitting a historic low point in 2023, mortgage delinquency rates have been climbing rapidly in recent quarters, particularly within the Federal Housing Administration (FHA) portfolio. The shift is being driven by a combination of factors, including macroeconomic pressures, the impact of natural disasters, and rising property insurance premiums…
Continue reading →HousingWireHousingWire In this week’s episode of the RealTrending podcast, host Tracey Velt is joined by Danielle Wilkie, co-founder of The Helm, to discuss emerging trends in real estate, female representation in real estate coaching and artificial intelligence. This interview has been edited for length and clarity. To kick off the…
Continue reading →HousingWireHousingWire Mortgage applications increased 2.8% on a seasonally adjusted basis during the week ending Nov. 29 as borrowers took advantage of improved inventory levels and the lowest mortgage rates in a month, according to data released Wednesday by the Mortgage Bankers Association (MBA). Purchase loan activity drove total applications higher…
Continue reading →The lean residential real estate market in New Hampshire has had a dual effect on the state budget — less revenue from the Real Estate Transfer Tax but more revenue from property taxes as homes are being assessed and taxed at higher values. A review of the unaudited State Fiscal…
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