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Housing coalition publishes recommendations for GSEs’ ‘Duty to Serve’ plans

Housing Wire

In the first year, each agency should implement a Section 515 loan product while providing additional equity investments to Community Development Fund Institutions (CDFIs) that are engaged in Section 515 financing. Better loan products to serve “high-needs rural regions” should also be developed.

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Q3 Update: Delinquencies, Foreclosures and REO

Calculated Risk Real Estate

However, I also argued this would NOT lead to a surge in foreclosures and significantly impact house prices (as happened following the housing bubble) since lending has been solid and most homeowners have substantial equity in their homes. REO (Real Estate Owned) is the amount of real estate owned by lenders.

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Q4 Update: Delinquencies, Foreclosures and REO

Calculated Risk Real Estate

The two key reasons are mortgage lending has been solid, and most homeowners have substantial equity in their homes. Last Thursday, CoreLogic reported on homeowner equity: CoreLogic: Number of Underwater US Homes Drops by 15% Annually in the Fourth Quarter The report shows that U.S. trillion at the of 2023. Currently 22.6%

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Q2 Update: Delinquencies, Foreclosures and REO

Calculated Risk Real Estate

However, I also argued this would NOT lead to a surge in foreclosures and significantly impact house prices (as happened following the housing bubble) since lending has been solid and most homeowners have substantial equity in their homes. homeowner now has about $290,000 in equity. The number of underwater U.S. Currently 23.3%

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Housing Tech Rundown: Quantarium, Equifax and Ellie Mae

Housing Wire

Artificial Intelligence company Quantarium announced on Thursday its partnership with Valligent Technologies to launch a condition adjusted “Quantarium Valuation Model” for equity lending, broker price opinions and real estate owned valuations.

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Part 2: Current State of the Housing Market; Overview for mid-December

Calculated Risk Real Estate

Low Levels of Delinquencies, Foreclosures and Real Estate Owned Last week, I wrote Q3 Update: Delinquencies, Foreclosures and REO. In that article I noted that with substantial equity, and low mortgage rates (mostly at a fixed rates), few homeowners will have financial difficulties during this cycle.

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

It generally results in a higher interest rate or additional points, but it’s a way for homeowners to leverage their equity in a property. Loans with less than 20% down often require buyers to pay private mortgage insurance until they reach a certain equity ratio. Home equity conversion mortgage. Certificate of eligibility.