Mon, Sep 28 2020, 11:56 AM
Non-conventional lending enjoyed a substantial increase in its share of the market for financing new home purchases in 2019. The National Association ...
Fri, Sep 25 2020, 10:55 AM
Black Knight said its weekly forbearance survey found the number of mortgages in active forbearance decreasing at an accelerated rate. Those mortgages...
Fri, Sep 25 2020, 9:44 AM
Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 27.7 percent in August compared to a 20.0 percent ...
Fri, Sep 25 2020, 9:37 AM
In its 2 nd quarter Foreclosure Prevention and Refinance Report the Federal Housing Finance Agency (FHFA) says it has helped almost 4.7 million distre...
Thu, Sep 24 2020, 11:54 AM
Once again new home sales exceeded expectations, this time by a lot. Sales of newly built homes rose 4.8 percent in August, to a seasonally adjusted a...
Thu, Sep 24 2020, 9:13 AM
As the COVID-19 crisis dragged into its sixth month in August the total number of mortgage delinquencies continued to ebb, but the rate of decline app...
Wed, Sep 23 2020, 3:56 PM
Mark Calabria, Director of the Federal Housing Finance Agency (FHFA) is stepping up his agency's actions to spring Fannie Mae and Freddie Mac (the GSE...
Wed, Sep 23 2020, 3:53 PM
Home prices rose another 1.0 percent in July, bringing the year-over-year gain to 6.5 percent according to the House Price Index (HPI) produced by the...
Wed, Sep 23 2020, 9:35 AM
Mortgage application activity rebounded last week from the previous week's Labor Day holiday lull. The Mortgage Bankers Association's (MBA's) Market C...
Tue, Sep 22 2020, 11:26 AM
Existing home sales continued on a roll for the third consecutive month, hitting the highest level in August since December 2006. The National Associa...
Tue, Sep 22 2020, 10:24 AM
There was another big surge in the amount of equity on the balance sheets of American homeowners in the second quarter of this year. CoreLogic reports...
Mon, Sep 21 2020, 11:31 AM
Fannie Mae has upgraded its forecast for the third quarter gross domestic product (GDP). It now expects growth at an annualized pace of 30.4 percent ,...
Fri, Sep 18 2020, 12:40 PM
One out of every 15 home sales in the second quarter of the year were defined as "flips" by ATTOM Data Solutions. A flip is any arms-length transactio...
Fri, Sep 18 2020, 12:37 PM
There was a fourth straight decline in the number of mortgage loans in forbearance during the week ended September 15. Black Knight says the total dro...
Fri, Sep 18 2020, 12:30 PM
The refinance share of loans originated in August rebounded slightly from July levels as interest rates fell to the lowest in Ellie Mae's history. The...
Thu, Sep 17 2020, 11:46 AM
Residential construction activity took a breather in August. The U.S. Census Bureau and the Department of Housing and Urban Development reported this ...
Wed, Sep 16 2020, 4:22 PM
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) set a new high this month, breaking a record that it set only ...
Wed, Sep 16 2020, 8:33 AM
The Mortgage Bankers Association (MBA) reports that mortgage applications declined during the week ending September 11, 2020. The week's results inclu...
Mon, Sep 14 2020, 2:01 PM
Mortgage lenders had an excellent second quarter in terms of profitability according to the Mortgage Bankers Association, and Fannie Mae's Lender Sent...
Mon, Sep 14 2020, 9:15 AM
It was a phenomenon 12 years ago that ended with a huge decline in homeownership among Millennials, and now it is happening, for the same reason to Ge...
Fri, Sep 11 2020, 1:12 PM
Freddie Mac's Mortgage Market Survey published yesterday reported a 7-basis point decline in the 30-year mortgage rate over the previous week and repo...
Fri, Sep 11 2020, 11:02 AM
The number of loans in forbearance continued to dwindle over the last week, with almost 66,000 fewer homeowners in plans. Over the last 30 days the de...
Fri, Sep 11 2020, 8:15 AM
The Mortgage Bankers Association's (MBA's) Mortgage Credit Availability Index (MCAI) continued to drop in August, an indication that lending standards...
Thu, Sep 10 2020, 8:22 AM
Fannie Mae says its Home Purchase Sentiment Index (HPSI) which, before a slight setback in July, had been rebounding strongly from its April COVID-19 ...
Wed, Sep 9 2020, 10:15 AM
While servicing income was down, independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks had a very profitable second quarter. ...
Wed, Sep 9 2020, 8:11 AM
The volume of mortgage applications reversed direction last week, pulling out a small gain after three straight weeks of declines. The Mortgage Banker...
Tue, Sep 8 2020, 11:58 AM
The second quarter of this year was a miserable on many levels, but mortgage origination volume was not one of them. Black Knight's current Mortgage M...
Tue, Sep 8 2020, 8:19 AM
Mortgage delinquencies spiked in June and the serious delinquency rate, loans 90 or more days past due but not in foreclosure, reached its highest lev...
Fri, Sep 4 2020, 9:34 AM
The Consumer Financial Protection Bureau (CFPB) has been on a two-month enforcement tear aimed at mortgage lenders employing deceptive practices in th...
Fri, Sep 4 2020, 9:22 AM
The number of homeowners with mortgages in COVID-19 related forbearance plans dropped during the week ended September 1 after several weeks when there...
Wed, Sep 2 2020, 8:19 AM
Mortgage applications, both for home purchase and refinancing, declined for the third straight time during the week ended August 28. The Mortgage Bank...
Tue, Sep 1 2020, 4:21 PM
Construction spending as a whole was essentially flat in July, but residential spending showed significant growth. The U.S. Census Bureau reported tha...
Tue, Sep 1 2020, 12:10 PM
It has been rumored since the first wave of the coronavirus struck in some of the densely populated urban centers, especially in New York and New Jers...
Tue, Sep 1 2020, 12:03 PM
Home prices grew in July by the fastest rate in nearly two years, a 5.5 percent annual gain. According to CoreLogic's Home Price Index (HPI), the mont...
Mon, Aug 31 2020, 1:26 PM
A recent posting on the Urban Institute's (UI's) Urban Wire blog touched on six facts about the mortgage forbearance option mandated by the CARES Act ...
Mon, Aug 31 2020, 8:20 AM
Any decline in the number of mortgages in forbearance appears to have, at least temporarily, reached a plateau. For the second straight week Black Kni...
Fri, Aug 28 2020, 11:13 AM
Both government sponsored enterprises (GSEs) have announced that their nationwide suspension of single-family foreclosures and evictions has been exte...
Thu, Aug 27 2020, 10:17 AM
July marked the third consecutive outsized increase in the Pending Home Sales Index (PHSI) produced by the National Association of Realtors® (NAR) It ...
Thu, Aug 27 2020, 8:16 AM
While the Gulf Coast escaped the threat of two simultaneous hurricane hits, the remaining storm, Hurricane Laura, looks like an historically dangerous...
Thu, Aug 27 2020, 8:07 AM
Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 20.0 percent in July compared to a 14.2 percent ga...
Wed, Aug 26 2020, 8:13 AM
Mortgage applications volume fell for the second time during the week ended August 21, declining 6.5 percent from the previous week according to the M...
Tue, Aug 25 2020, 12:02 PM
New home sales were expected to dip slightly in July after posting 13.8 percent growth in June and setting a 13-year high. Instead, the June sales wer...
Tue, Aug 25 2020, 11:55 AM
Both the Federal Housing Finance Agency's (FHFA's) Housing Price Index (HPI) and the several S&P CoreLogic Case-Shiller indices showed price gains acr...
Fri, Aug 21 2020, 12:08 PM
Like the report from Black Knight earlier today, the second quarter National Delinquency Survey from the Mortgage Bankers Association shows the effect...
Fri, Aug 21 2020, 11:38 AM
Existing-home sales posted a second month of significant sales gains in July, building on a record 20.7 percent increase in June. The National Associa...
Fri, Aug 21 2020, 11:29 AM
The financial impacts of the COVID-19 pandemic are beginning to emerge and while it appears the crisis initially hit homeowners hard, the duration of ...
Thu, Aug 20 2020, 6:15 PM
Robert Dietz, chief economist for the National Association of Home Builders (NAHB) has provided a couple of updates on housing construction trends tak...
Wed, Aug 19 2020, 11:48 AM
Refinance loans continued to dominate mortgage originations in July, but the gap with purchase loans is closing. Ellie Mae's Origination Insight Repor...
Wed, Aug 19 2020, 9:58 AM
The Consumer Financial Protection Bureau (CFPB) is proposing a new category of qualified mortgage (QM) which it says is intended to "encourage innovat...
Wed, Aug 19 2020, 8:27 AM
Mortgage rates rose during the week ending August 14 and, while purchase applications sustained some of their momentum, a slowdown in refinancing pull...