Home inventory levels plummet 21%: Pro Teck
Inventory levels in U.S. markets see significant declines over last year as buyers get off the sidelines. The number of homes lingering on the market fell 21% from year-ago inventory levels.
Impac Mortgage Holdings narrows 1Q loss, expands originations
Impac Mortgage Holdings reported a net loss in the first quarter of $ 4.8 million, or a loss of 61 cents a share, shrinking its year-ago loss of $ 987,000, or a loss of 12 cents a share.
BofA to pay homeowners more for short sales
Bank of America launched a new short sale program that could pay distressed homeowners between $ 2,500 and $ 30,000 in relocation assistance.
FHFA revamps strategic plan to incorporate goals for GSEs
The updated FHFA oversight plan says in the next few years, the agency will be focused on reducing the government-sponsored enterprises’ role in the secondary mortgage market, while also finding a place for troubled, but possibly valuable, concepts like mortgage insurance to balance out investor and taxpayer risks in the marketplace.
Lawmakers move to expand mortgage protection for military
An amendment will expand the Servicemembers Civil Relief Act to include more homeowners under the umbrella and to delay evictions for a longer period.
