News Digest - January 10, 2022

News Digest

By Frank Pellegrini

2022 Housing Market PredictionsNational Mortgage Professional

Although fourth quarter numbers have yet to come out, it is safe to say that 2021 was another outstanding year for the housing market. Interest rates remain near historic lows despite the incremental increases this past fall. The year also brought record-low foreclosure rates, and the highest number of home sales, according to Zillow.

What’s Holding the Industry back from Broad-scale Digital Closing Adoption?

 One of the biggest challenges lenders face is that eNotes requires a great deal of change management.

5 Housing Trends for 2022

Mortgage rates, price appreciation, affordability, iBuying and the potential growth of the Hispanic market are topics addressed by Bankrate.

How Builders Adapted for COVID — and What Will Stay or Go Afterward

Now is the time to take a hard look at what should be kept for the year ahead, and what can be purged. For many builders, this may include evaluating COVID-required or -initiated practices they implemented in the early months of the pandemic.

More Renters and Homeowners are Missing Payments

More than five million households failed to make their rent or mortgage payments in October, an increase compared to the same period of 2020.

Mortgage Applications Decreased During the Last Half of December

Applications were down in MBA’s last survey of 2021, but, according to MBA: “Despite supply and affordability challenges, 2021 was a record year for purchase originations.”