Wed, Aug 4 2021, 10:46 AM
Despite newly lower interest rates, mortgage applications were lower during the week ended July 30. The Mortgage Bankers Association (MBA) said its Ma...
Tue, Aug 3 2021, 5:43 PM
Each of the GSEs have posted strong financial results for the second quarter of 2021. Both Freddie Mac and Fannie Mae more than doubled their net inco...
Tue, Aug 3 2021, 5:41 PM
The prognosticators keep prognosticating, but their prognostications don't happen. Home price appreciation shows no sign of slowing down. CoreLogic sa...
Mon, Aug 2 2021, 1:41 PM
In its latest Mortgage Monitor, Black Knight analyzes the impact the elimination of the 50 basis point adverse market fee from the cost of Fannie Mae ...
Mon, Aug 2 2021, 1:27 PM
June was yet another month when the only bright spot in the U.S. Census Bureau's construction spending report was provided by the residential sector. ...
Mon, Aug 2 2021, 1:25 PM
With the federal moratorium on evictions expiring on July 31, it is becoming apparent that there is a real housing crisis looming. Not one like we saw...
Mon, Aug 2 2021, 1:24 PM
The number of active forbearance plans jumped higher this week , increasing by a net of 31,000 loans. Black Knight says that, as of July 27, there wer...
Thu, Jul 29 2021, 11:27 AM
The Board of Directors of the Conference of State Bank Supervisors (CSBS) has released model state regulatory prudential standards for nonbank mortgag...
Thu, Jul 29 2021, 11:24 AM
Pending home sales fell back slightly in June after a notable and unexpected 8.0 percent gain in May. The National Association of Realtors® (NAR) said...
Wed, Jul 28 2021, 11:07 AM
Refinancing continues to support mortgage application activity while purchase applications continued to weaken during the week ended July 23. The Mort...
Tue, Jul 27 2021, 1:01 PM
The U.S. Census Bureau says the nation's Homeownership Rate was at 65.4 percent in the second quarter of 2021. This is down from both the previous qua...
Tue, Jul 27 2021, 12:57 PM
May set yet more records for price increases. Both the S&P CoreLogic Case-Shiller U.S. National Home Price Index and the Federal Housing Finance Agenc...
Mon, Jul 26 2021, 2:58 PM
The National Association of Realtors® (NAR) reports that there was a fourth consecutive year-over-year decline in the rate of investment in U.S. real ...
Mon, Jul 26 2021, 12:42 PM
In May, the U.S. Census Bureau and Department of Housing and Urban Development reported that the seasonally adjusted annual sales of newly constructed...
Mon, Jul 26 2021, 12:37 PM
With the federal moratorium on mortgage foreclosures nearing an end, the White House has announced a series of steps to help homeowners who have suffe...
Mon, Jul 26 2021, 12:32 PM
In the wake of a near 200,000 drop in the number of loans in forbearance earlier in July, changes over the last two weeks have been modest. Black Knig...
Thu, Jul 22 2021, 3:12 PM
The national delinquency rate dropped by 7.62 percent in June and is now 42.39 percent below its rate at the worst of the pandemic. Black Knight, in i...
Thu, Jul 22 2021, 11:52 AM
Existing home sales snapped a four-month losing streak in June. Sales of pre-owned single-family houses, townhouses, condominiums, and cooperative apa...
Wed, Jul 21 2021, 10:02 AM
After a strong showing during the week ended July 9, mortgage application volume pulled back. The Mortgage Bankers Association's (MBA) Market Composit...
Tue, Jul 20 2021, 3:29 PM
The Mortgage Bankers Association is projecting a sizeable decline in new home sales occurred last month as applications for their purchase declined 3 ...
Tue, Jul 20 2021, 3:28 PM
Housing starts posted a second straight increase in June while permits continued what has become a long, slow, slide. The U.S. Census Bureau and the D...
Tue, Jul 20 2021, 8:10 AM
Like most recent economic forecasts, that one from Fannie Mae's Economic and Strategic Research (ESR) group for July continues to project a pull-back ...
Mon, Jul 19 2021, 11:30 AM
Strong buyer demand appears to be offsetting concerns about labor shortages and rising prices , keeping builder confidence near historic highs the Nat...
Fri, Jul 16 2021, 2:19 PM
It is nice to end the week with good news, so here it is: The Federal Housing Finance Agency (FHFA) just announced it is eliminating the Adverse Marke...
Fri, Jul 16 2021, 12:48 PM
The rapid run up in house prices may be starting to exhaust potential homebuyers according to the quarterly forecast from Freddie Mac's Economic and H...
Fri, Jul 16 2021, 12:45 PM
A set of special questions on a Q1 National Housing Survey asked consumers, who were also recent homebuyers, about their experiences obtaining a mortg...
Wed, Jul 14 2021, 8:44 AM
Mortgage application volume during the week ended July 9 featured the largest weekly increase since the first full week of 2021. The Mortgage Bankers ...
Tue, Jul 13 2021, 11:48 AM
The share of mortgages originated for home purchases hit its highest level since February of 2020 in May. ICE Mortgage Technology's Origination Insigh...
Mon, Jul 12 2021, 11:41 AM
There was, as expected, a huge improvement in the number of forbearance plans during the week ended July 6. Black Knight reports that the number of ho...
Thu, Jul 8 2021, 11:38 AM
Fannie Mae said "Consumers are increasingly adamant that it's a good time to sell, bad time to buy a home" as it released its June Home Purchase Senti...
Wed, Jul 7 2021, 4:14 PM
We recently summarized a report from the Urban Institute (UI) about the apparent reluctance of sellers to entertain offers from prospective buyers int...
Wed, Jul 7 2021, 8:08 AM
The week preceding the Independence Day holiday saw a further decline in mortgage applications for both home purchases and refinancing. The Mortgage B...
Tue, Jul 6 2021, 4:09 PM
CoreLogic report for May is yet another reporting home prices are still moving higher. May's year-over-year appreciation of 15.4 percent was the highe...
Tue, Jul 6 2021, 4:07 PM
The Urban Institute (UI) says it appears that the current sellers' market is having a negative impact on government backed loans and the borrowers who...
Tue, Jul 6 2021, 4:04 PM
The past week saw a moderate drop in the number of loans in forbearance, but Black Knight, in its report for the week ended June 29, said the upcoming...
Thu, Jul 1 2021, 11:27 AM
Construction spending fell off a bit in May, however residential construction remains the strongest sector , accounting for more than half the annuali...
Thu, Jul 1 2021, 11:25 AM
Pending home sales in April unnerved a lot of people. At what should have been a high point in the spring market, they fell 4.4 percent from the previ...
Wed, Jun 30 2021, 9:34 AM
Mortgage applications fell sharply last week, affecting both refinance and purchase components of the Mortgage Banker Association's (MBA's) Market Com...
Tue, Jun 29 2021, 1:17 PM
The government stakeholders involved in the various pandemic related forbearance programs appear to be directing their full attention to their upcomin...
Tue, Jun 29 2021, 1:14 PM
When the S&P CoreLogic Case-Shiller and Federal Housing Finance Agency's price reports for March were released we wrote that the superlatives were get...
Tue, Jun 29 2021, 10:57 AM
Ginnie Mae sent out a press release last week could create some confusion for those readers who only skimmed the lede. The opening paragraph states th...
Mon, Jun 28 2021, 11:38 AM
Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 8.6 percent in May compared to a 13.2 percent gain...
Mon, Jun 28 2021, 11:37 AM
The White House has announced another key appointee to a federal housing post. Julia Gordon has been named Assistant Secretary for Housing at the Depa...
Mon, Jun 28 2021, 11:36 AM
Black Knight reports that the number of loans in forbearance rose by 1,000 during the week ended June 22. The company says this was a continuation of ...
Thu, Jun 24 2021, 11:41 AM
The White House didn't waste any time after a Supreme Court ruling allowed it to do so, removing Mark Calabria as Director of the Federal Housing Fina...
Wed, Jun 23 2021, 2:51 PM
New home sales dropped for the second month in May, falling below an 800,000 unit pace for the first time in a year. The U.S. Census Bureau and the De...
Wed, Jun 23 2021, 2:49 PM
On Wednesday morning the Supreme Court ruled that the statutory restrictions on the president's ability to remove the chairman of the Federal Housing ...
Tue, Jun 22 2021, 1:03 PM
Existing home sales experienced their fourth consecutive decline in May . The National Association of Realtors® (NAR) said sales of previously owned s...
Tue, Jun 22 2021, 1:01 PM
Well, that turned on a dime. Lumber prices, which had risen more than exponentially during the pandemic and were a problem even before, have started d...
Mon, Jun 21 2021, 4:29 PM
In 2010 it was viewed as a quick way to make a buck, but Wall Street's investment in single-family rental housing soon became a distinct asset class a...
