Thu, Apr 29 2021, 10:39 AM
There has been a significant reduction mortgage processing times since the first of the year according to ICE Mortgage Technology. Its Origination Ins...
Wed, Apr 28 2021, 12:05 PM
Earlier this month the Urban Institute pointed out that the unprecedented low interest rates of the pandemic era have not benefitted everyone. Their r...
Wed, Apr 28 2021, 10:57 AM
Lenders will have more than an additional year to comply with the General Qualified Mortgage (QM) Rule . The Consumer Financial Protection Bureau (CFP...
Wed, Apr 28 2021, 8:42 AM
The national homeownership rate moved fractionally higher in the first quarter of 2021 when compared to the same quarter in 2020 but was lower than in...
Wed, Apr 28 2021, 8:27 AM
The solid 8.6 percent increase in mortgage application volume during the week ended April 16, only the fourth gain thus far in 2021, was short lived. ...
Tue, Apr 27 2021, 11:34 AM
A month after interest rates began to rise, neither the S&P CoreLogic Case-Shiller indices nor that from the Federal Housing Finance Agency (FHFA) fou...
Fri, Apr 23 2021, 12:09 PM
New home sales reversed direction in March, fully recovering from the 18.2 percent nosedive those sales took in February. The Census Bureau said sales...
Fri, Apr 23 2021, 10:33 AM
The Mortgage Bankers Association (MBA) is predicting a banner year for purchase mortgage originations. The Association's chief economist and senior vi...
Fri, Apr 23 2021, 10:32 AM
Existing home sales declined for the second straight month in March. The National Association of Realtors® (NAR) said single-family homes, townhomes, ...
Thu, Apr 22 2021, 10:48 AM
For months, the National Association of Home Builders (NAHB) has been citing lumber prices as one of the headwinds faced by new home builders as they ...
Thu, Apr 22 2021, 10:44 AM
Black Knight's "first look" at loan performance data in March brought back memories of an old TV ad, "Is it real or is it Memorex?" The company said t...
Wed, Apr 21 2021, 9:45 AM
Mortgage application volume broke out of a six-week slump in a big way during the week ended April 16. The Mortgage Bankers Association said its Marke...
Tue, Apr 20 2021, 10:53 AM
The Urban Institute (UI) is advocating for a streamlined refinancing program similar to the Home Affordable Refinance Program (HARP) which aided many ...
Mon, Apr 19 2021, 12:30 PM
Incoming data for March has caused Fannie Mae to again revise its forecast for the year's growth in gross domestic product (GDP). The company's Econom...
Mon, Apr 19 2021, 11:32 AM
The House Committee on Financial Services (FSC) held a virtual hearing last week on ways to provide equitable and affordable housing infrastructure. T...
Fri, Apr 16 2021, 11:34 AM
Residential construction recovered in March after a serious decline the prior month. The U.S. Census Bureau and Department of Housing and Urban Develo...
Fri, Apr 16 2021, 11:16 AM
True to tradition, new home sales appear to have moved higher in March as the calendar closed in on the start of the spring market. The Mortgage Banke...
Thu, Apr 15 2021, 11:22 AM
New home builders seem to be slowly getting their mojo back. After recovering from the hit they took in the first days of the pandemic, they encounter...
Wed, Apr 14 2021, 1:39 PM
Freddie Mac's Economic and Housing Research Group finds a lot to like in the present economic environment. . The company's quarterly forecast credits ...
Wed, Apr 14 2021, 1:05 PM
Black Knight has launched a new monthly report covering mortgage origination activity as gathered through its Optimal Blue loan product and pricing en...
Tue, Apr 13 2021, 2:56 PM
While most of us couldn't wait for 2020 to be over, it turns out to have been a superlative year for mortgage originators. The Mortgage Bankers Associ...
Tue, Apr 13 2021, 11:08 AM
The national delinquency rate posted its fifth consecutive decline in January, retreating to the lowest level since the start of the pandemic. CoreLog...
Mon, Apr 12 2021, 10:41 AM
Both Fannie Mae and Freddie Mac (the GSEs) have released information to their lenders confirming that any loans they purchase after July 1, 2021 must ...
Fri, Apr 9 2021, 10:47 AM
American home owners received bills for $323 billion in property taxes last year, a 5.4 percent increase from $306.4 billion in 2019. ATTOM Data Solut...
Fri, Apr 9 2021, 10:45 AM
Black Knight reports that the number of loans in forbearance programs declined last week for the sixth straight time and it was the largest drop in si...
Thu, Apr 8 2021, 11:15 AM
Non-government lenders continue to return to mortgage lending after fleeing at the start of the pandemic. The Mortgage Bankers Association (MBA) says ...
Wed, Apr 7 2021, 2:22 PM
Consumer attitudes perked up in March, sending the Fannie Mae Home Purchase Sentiment Index (HPSI) up 5.2 points compared to February. The company sai...
Wed, Apr 7 2021, 12:08 PM
After years of gains in educational attainment, employment, and wages, women have increased their rates of both homeownership and headship (the number...
Wed, Apr 7 2021, 8:43 AM
Mortgage application volume declined for the fifth straight week during the period ending April 2, and by the largest amount over that period. The Mor...
Tue, Apr 6 2021, 11:04 AM
Does staging really work? That was among the home buying and selling topics covered in a new survey from the National Association of Realtors® (NAR) a...
Tue, Apr 6 2021, 11:00 AM
Fannie Mae says results from its fourth quarter 2020 National Housing Survey show that consumers continue to view homeownership as a good investment. ...
Tue, Apr 6 2021, 10:46 AM
CoreLogic's February Home Price Index (HPI) essentially echoed that the price report last week from Black Knight. The company said that its index reco...
Mon, Apr 5 2021, 1:21 PM
Stories of rising home prices are no longer breaking news, but still, they are pretty remarkable. Black Knight, in its latest Mortgage Monitor , says ...
Fri, Apr 2 2021, 11:25 AM
Construction spending, public and private, was at a seasonally adjusted annual rate of $1.517 trillion in February. The U.S. Census Bureau said this w...
Wed, Mar 31 2021, 11:03 AM
The newly installed Secretary of the Department of Housing and Urban Development (HUD) released her first quarterly report on the agency to Congress o...
Wed, Mar 31 2021, 10:57 AM
February's pending home sales suffered a double digit month-over-month decline in February and fell below the pace a year earlier for the first time i...
Tue, Mar 30 2021, 12:16 PM
The S&P CoreLogic Case-Shiller home price indices and the Federal Housing Finance Agency's (FHFA's) House Price Index (HPI) all show that the growth o...
Mon, Mar 29 2021, 2:03 PM
Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 17.7 percent in February compared to a 16.1 percen...
Mon, Mar 29 2021, 1:58 PM
The age of the U.S. housing stock is, to a certain extent, a reflection of the decline in new home construction since the onset of the housing crisis....
Fri, Mar 26 2021, 12:15 PM
For the moment at least, the number of loans in forbearance are heading downhill and picking up speed. Black Knight says the number of active plans de...
Wed, Mar 24 2021, 8:50 AM
Mortgage originators' profits remained strong in the fourth quarter of 2020, although they were down considerably from the previous period. The Mortga...
Wed, Mar 24 2021, 8:36 AM
Mortgage application volume declined for the third consecutive time during the week ended March 19 as refinancing continued to retreat. The Mortgage B...
Tue, Mar 23 2021, 11:01 AM
The two-month rally in new home sales ended abruptly and definitively in February. The U.S. Census Bureau and Department of Housing and Urban Developm...
Tue, Mar 23 2021, 10:59 AM
Mortgage delinquency rates rose in February, ending eight straight months of recovery from the spike that followed the onset of the pandemic. Black Kn...
Mon, Mar 22 2021, 4:34 PM
A new Freddie Mac survey found that both homeowners and renters are still concerned about their ability to pay their mortgage or their monthly rent as...
Mon, Mar 22 2021, 4:29 PM
Sales of existing homes fell sharply in February after two months of modest gains. The National Association of Realtors® said pre-owned single-family ...
Mon, Mar 22 2021, 12:19 PM
Fannie Mae made a few modest changes to its economic projections this month as consumer spending in January was above expectations and interest rates ...
Fri, Mar 19 2021, 12:19 PM
The number of loans in forbearance experienced the largest weekly decline since early January as servicers reviewed the hundreds of thousands that are...
Thu, Mar 18 2021, 1:30 PM
It hasn't exactly been a scramble, but homeowners have stepped up their refinancing activity over the last two months as they saw interest rates begin...
Thu, Mar 18 2021, 1:27 PM
The Mortgage Bankers Association (MBA) is predicting a slowdown in new home sales when the Census Bureau releases its statistics next week. MBA's Buil...
