True Stories: Hybrid, eNote and RON Implementation

Join expert panelists that will discuss the status of federal legislation, trends in digital adoption and how best to prepare your organization for the next generation of lending processes.

Spruce’s Patrick Burns on innovation in title technology

In the season finale of Housing News season 5, Spruce CEO discusses heightened investor interest in title tech, innovation and fintech adoption.

Top CFPB official “hates” QM rules, jeopardizing safe harbor

A top CFPB official in charge of the rule-making process has heavily criticized the agency's own qualifying mortgage rule, jeopardizing safe harbor.

Fraud risk factors at closing increased almost 90% last quarter

A variety of risk factors could be contributing to the drastic increase in wire and title fraud risk factors in mortgage and real estate closings – for example, compliance issues and an increase in transaction data errors.

Real Estate

Zumper: Here are the amenities that renters want the most

Find out what renters really want from property managers

Over the past few years, U.S. rental prices have reached historical highs, pricing out millions of renters across the country. After all, with a median rent of $1,006 and insubstantial income growth, it’s safe to say that many renters struggle to afford housing.

Fortunately, national rent prices have begun to slow in appreciation. In fact, according to Zumper’s April rent report, the average rent for a one-bedroom and two-bedroom unit rose only 2.8% and 2.5% year-over year, respectively.  

As rental affordability grows, renters will soon have a wider range of options when selecting a property. This means competition amongst property managers will heighten as more renters take to the market.

So, what’s the best way to attract renters? Zumper says it’s simple – amenities.

According to Zumper, these are the top 5 most requested amenities:

 

1. Air conditioning       

2. In-unit laundry

3. Dishwasher

4. On-site laundry

5. Assigned parking

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Mortgage forbearance drops to 4.36%, exits pick up steam

The downward trend of borrowers in forbearance picked up speed in the last week of April, falling 11 basis points to 4.36% of servicers’ portfolio volume.

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3d rendering of a row of luxury townhouses along a street

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