The next wave of servicing regulation is coming – Are you ready?

Join this webinar to learn what servicers need to know about recent and upcoming servicing compliance regulations and strategies experts are implementing to prepare for servicing regulatory audits.

Inside Look: RealTrends 2021 Brokerage Compensation Study

Steve Murray, senior advisor to RealTrends, gives an exclusive first look at the 2021 RealTrends Brokerage Compensation Report.

Logan Mohtashami on trends in forbearance exits

In this episode of HousingWire Daily, Logan Mohtashami discusses several hot topics in the housing market, including recent trends in forbearance exits and future homebuyer demand in the midst of inventory shortages.

How lenders can prepare for increasing regulatory pressures

As compliance becomes an increased focal point for mortgage lenders and investors, staying ahead of state and federal regulations can be the difference between a flourishing business and one mired in fines.

Real Estate

Freddie Mac: August forecast shows affordability hinders growth

Supply and demand deter prospective homebuyers

Home sales growth is expected to slow through the remainder of the year, as a lack of affordability and supply contribute to a continual slowdown, according to Freddie Mac’s August Forecast.

During the second quarter of 2018, the U.S. economy grew at its fastest pace within the last four years, according to the report. However, housing activity played a limited role in this growth.

New home construction, existing-home sales and sales of new homes declined last quarter, due to homebuilder challenges including limited inventory and steady price gains, according to Freddie Mac.

Furthermore, recent data collected from the National Association of Home Builders/Wells Fargo Housing Opportunity Index revealed housing affordability has now reached a 10-year low in the second quarter of 2018.

Freddie Mac Chief Economist Sam Khater said the housing market hit some speed bumps this summer, as pricy homes and mortgage rates continue to hinder prospective homebuyers.

Khater said these challenges were predominantly seen in expensive markets out West, where demand and sales were dampened due to weakening affordability.

The forecast predicts inventory constraints will ease with a moderate rise in housing starts, but still expects market conditions to remain relatively unchanged.

Freddie Mac said that limited inventory is continuing to impact home sales and prices. Home sales are predicted to modestly increase to 6.14 million, according to the forecast.

Mortgage rates are expected to average 4.6% for the rest of 2018. Slower home sales growth and decreasing refinance activity are expected to cause single-family first-lien mortgage originations to fall 8% to $1.66 trillion this year.

Lastly, the labor market and the U.S. economy are expected to climb 2.8% this quarter and 2.7% this year, ultimately increasing consumer spending and business investment.

“The good news is that the economy and labor market are very healthy right now, and mortgage rates, after surging earlier this year, have stabilized in recent months, Khater said. “These factors should continue to create solid buyer demand, and ultimately an uptick in sales, in most parts of the country in the months ahead.”

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