Recently released statistics suggest that the housing market is showing a peculiar phenomenon that is seemingly contradictory. Unemployment and loan forbearances are at all-time highs, and the country is in what many experts consider a significant recession with a lengthy recovery ahead, yet home purchases are at record levels....more

The housing industry is buzzing with excitement over the prospect of massive investments in Opportunity Zones.  New Opportunity Funds are emerging almost daily.  Some investors are waiting until additional guidance is issued concerning the finer points of investing in Opportunity Zones, others are already mobilized.  They are sifting through market data to identify target areas where...more

Over the past year, SP Group was engaged for assisting HUD/FHA with hundreds of loan closings for refinancing FHA loans under HUD’s Section 223(f) and 223(a)(7) programs.  Based on our extensive experience, below are five tips that can make the closing process efficient and effective for all parties involved in the process. Tip 1 –...more

While majority of the neighborhoods across the nation have largely recovered from foreclosure crisis, the rising cost of living and owning a home continues to be a growing challenge.  The Housing Affordability Index (HAI) measures whether a typical family earns enough income to qualify for a mortgage loan on a typical home at the national and regional...more

Today, SP Group’s Pratima Damani and Alyssa Spina released a white paper on an assessment of housing counseling needs in collaboration with Summit. During this assessment, we examine the type of housing counseling likely to be in demand during the next few years based on anticipated challenges affecting homeowners. This white paper presents our findings, focused...more