But that share is trending downward. In the fourth quarter, nearly nine out of 10 metro areas had home prices that were considered to be above sustainable levels. https://www.nationalmortgagenews.com/news/homes-were-overvalued-in-82-of-u-s-metro-areas-in-1q-fitch
NextGenMortgage
AmeriFirst Financial files for bankruptcy
The company in a court filing suggests it has funds available for its unsecured creditors, led by a private equity firm, major banks and a servicer. https://www.nationalmortgagenews.com/news/amerifirst-financial-files-for-bankruptcy
FHFA gives more flexibility to credit modernization timeline
The Federal Housing Finance Agency also is offering more opportunities for public dialogue as stakeholders debate how fast the process should move forward. https://www.nationalmortgagenews.com/news/fhfa-adds-more-flexibility-to-credit-modernization-timeline
Pennymac, RoundPoint clients exposed to global data breach
The customers were affected by an incident involving a Progress Software program used by Sovos Compliance. https://www.nationalmortgagenews.com/news/pennymac-roundpoint-clients-exposed-to-global-data-breach
Investors pivot toward rentals, but home flippers are more optimistic
Overall sentiment in the segment shows 30% of businesses expect market conditions to become more favorable for them over the next six months, while 26% said they would get worse, according to a new study. https://www.nationalmortgagenews.com/news/real-estate-investors-pivot-more-toward-rentals

