Mortgage delinquencies spiked in June and the serious delinquency rate, loans 90 or more days past due but not in foreclosure, reached its highest level in more than five years. CoreLogic in its monthly loan performance report, said 7.1 percent of all mortgages nationwide were at least 30 days past due, including those in foreclosure. This is 3.1 percentage points higher than the delinquency rate in June 2019. Further, the company predicts that, barring additional government programs and support, serious delinquency rates could nearly double from the June 2020 level by early 2022. Not only could millions of families potentially lose their home, through a short sale or foreclosure, but this also could create downward pressure on home prices - and consequently home equity - as distressed sales

September 8, 2020 Download our Mobile App: Download our Mobile App: Rob Chrisman LO Jobs; Non-QM, Servicer, Sales, Training Tools; Time Required to Hack a Password On one hand we have the old adage, “No tree grows to the moon.” On the other hand, MLOs and real estate agents are licking their chops given that 52 percent of young adults live with their parents . What does that tell you about the deman... (read more) Housing News Delinquency Rate Could Double Without More Federal Support Mortgage delinquencies spiked in June and the serious delinquency rate, loans 90 or more days past due but not in foreclosure, reached its highest level in more than five years. CoreLogic in its monthly loan performance report, said 7.1 percent of al... (read more) Mortgage Rate Watch The Uncommonly Strong Case For Locking a Mortgage Rate Almost everywhere you look, low mortgage rates are in the news. Experts are claiming they'll remain low or move lower for years to come. They might be right! But that doesn't necessarily mean you should wait to refinance or to lock your rate if you'r... (read more) Housing News CFPB Goes After 6 VA Lenders for Shady Practices The Consumer Financial Protection Bureau (CFPB) has been on a two-month enforcement tear aimed at mortgage lenders employing deceptive practices in the VA mortgage lending area. The Bureau has issued consent orders against six companies since late Ju... (read more) Housing News Forbearances Decrease by 4% The number of homeowners with mortgages in COVID-19 related forbearance plans dropped during the week ended September 1 after several weeks when there was little change. Black Knight said its weekly survey found 147,000 fewer borrowers in plans than ... (read more) MBS Commentary MBS Live Recap: Some Cause For Concern, Despite The Gains Stock Market Weakness To The Rescue Last Friday tied August 11th as the worst day of since early June.  It was something the bond market clearly felt needed to happen (weaker stocks were little help).&nb... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.75% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.75% +0.02 0.00 15 Yr. Fixed 5.98% +0.01 0.00 30 Yr. FHA 6.27% +0.02 0.00 30 Yr. Jumbo 6.85% +0.01 0.00 7/6 SOFR ARM 6.32% -0.01 0.00 30 Yr. VA 6.29% +0.03 0.00 Updates Daily - Last Update: 7/3 15 Yr. Fixed Rate 5.98% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.67% -0.10 0.00 15 Yr. Fixed 5.80% -0.09 0.00 Updates Weekly - Last Update: 7/3 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.79% -0.09 0.62 15 Yr. Fixed 6.06% -0.05 0.67 30 Yr. Jumbo 6.78% -0.10 0.40 Updates Weekly - Last Update: 6/26 MBS / Treasuries UMBS 30YR 5.5 99.64 -0.20 Price / Yield Change MBS UMBS 5.5 99.64 -0.20 UMBS 6.0 101.43 -0.13 GNMA 5.5 99.86 -0.11 GNMA 6.0 101.34 -0.06 Pricing as of: 7/3 9:42PM EST 10 Year US Treasury 4.3467 +0.0669 Price / Yield Change US Treasury 2 YR Treasury 3.883 +0.095 5 YR Treasury 3.937 +0.070 7 YR Treasury 4.125 +0.068 10 YR Treasury 4.347 +0.067 30 YR Treasury 4.863 +0.055 Pricing as of: 7/3 9:42PM EST Latest Video Recovery could falter without more targeted, focused stimulus: Charles Dall... Here's where mortgage bailouts stand amid the pandemic Unemployment rate falls to 8.4% as U.S. economy adds 1.37 million jobs in A... Treasury yields slightly higher after August jobs report Around the Web NAHB Eye on Housing Examining Rental Housing in the US: Debt & Financing Characteristics NPR Zoom Towns And The New Housing Market For The 2 Americas CNBC Mitch McConnell says Senate will vote on coronavirus stimulus plan as soon as this week Calculated Risk Blog Seattle Real Estate in August: Sales up 15% YoY, Inventory UP 8% YoY CNBC Labor Day weekend air travel hits nearly 6-month high, but holiday caps dismal summer season Calculated Risk Blog Black Knight Mortgage Monitor for July: "Record-Low Rates, Largest Quarterly Volume on Record" CNBC U.S. economy faces $15 trillion hit as a result of school closures, OECD says CNBC No-deal Brexit is the most likely outcome of trade talks, former EU chief says Calculated Risk Blog Seven High Frequency Indicators for the Economy CNBC U.S. Treasury yields move lower as investors monitor economic data, auctions NPR Fed's Jerome Powell: Jobless Rate Better Than Expected; Recovery To Take A Long Time CNBC U.S. is still in a 'very significant recession' despite job gains, Fed's Rosengren says Calculated Risk Blog Q3 GDP Forecasts

© 2025  Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: [recipientemail]. Go here to UNSUBSCRIBE from this email.