Tue, Jul 14 2020, 3:40 PM
The reopening of the economy in several states from the COVID-19 shutdowns has moved Fannie Mae's Economic and Strategic Research (ESR) Group to raise...
Tue, Jul 14 2020, 8:22 AM
April's data is here, and CoreLogic is reporting that early stage delinquencies, that is mortgages 30 to 59 days past due, soared to levels even highe...
Fri, Jul 10 2020, 9:19 AM
Black Knight's weekly report on the numbers of mortgage loans in COVID-19 forbearance plans shows that a decline in those numbers of nearly a half mil...
Thu, Jul 9 2020, 4:23 PM
Credit tightening is becoming more evident according to the Mortgage Bankers Association (MBA). Its Mortgage Credit Availability Index fell to a readi...
Thu, Jul 9 2020, 10:57 AM
A new survey by the National Association of Realtors® (NAR) has found that the vast majority of its members feel as though their businesses are back o...
Wed, Jul 8 2020, 2:22 PM
Fannie Mae's Home Purchase Sentiment Index (HPSI) continued to rebound last month from its sharp retreat to near record lows in the Spring. The Index,...
Wed, Jul 8 2020, 10:44 AM
Mortgage application volume bounced back into positive territory last week , even though banks and many businesses were closed on Friday for the Indep...
Wed, Jul 8 2020, 8:37 AM
A study by the Urban Institute (UI) has found a strong correlation between the home price to income ratio in an area and its rate of gentrification. T...
Tue, Jul 7 2020, 3:26 PM
Did the housing happy talk just get a little less so? CoreLogic's Housing Price Index Forecast (HPI) over the May 2020 to May 2021 window is seeing mo...
Mon, Jul 6 2020, 2:13 PM
Despite any impact from the COVID-19 pandemic, construction spending is still largely managing to stay ahead of its 2019 levels . The U.S. Census Bure...
Mon, Jul 6 2020, 11:24 AM
Black Knight has again taken a look at the number of Americans who could benefit significantly from refinancing their first mortgages, but the facts a...
Mon, Jul 6 2020, 9:47 AM
The number of homeowners in COVID-19 forbearance dropped sharply this week, to the lowest level since the first week of May. The number of plans which...
Mon, Jul 6 2020, 9:43 AM
The Consumer Financial Protection Bureau (Bureau) today issued a notice of proposed rulemaking (NPRM) that would amend Regulation Z of the Truth-in-Le...
Mon, Jul 6 2020, 9:40 AM
Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 5.5 percent in May compared to a 14.3 percent gain...
Wed, Jul 1 2020, 8:16 AM
Applications for both refinancing and purchase mortgages retreated last week , pulling the Mortgage Bankers Associations (MBA's) Market Composite Inde...
Tue, Jun 30 2020, 10:12 AM
Home prices continued to hold up on a national basis in April. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, covering all nine U.S. c...
Mon, Jun 29 2020, 1:38 PM
The Supreme Court, in a 5-4 decision along partisan lines, took a chunk out of the intentions the Dodd-Frank Act had for the Consumer Financial Protec...
Mon, Jun 29 2020, 10:28 AM
Lawrence Yun, chief economist for the National Association of Realtors® (NAR), predicted last month that April's home sales contract activity "will be...
Fri, Jun 26 2020, 9:45 AM
After three weeks of declining totals, Black Knight says the number of active COVID-19 forbearance plans shot up over the past week. As of June 23, th...
Thu, Jun 25 2020, 2:03 PM
In his analysis of current mortgage credit tightening for the Joint Center on Housing Studies excerpted here earlier, Don Layton included a special se...
Wed, Jun 24 2020, 10:08 AM
House prices continued to be unfazed by the current economic upheaval. The Federal Housing Finance Agency (FHFA) reports that its U.S. House Price Ind...
Wed, Jun 24 2020, 8:15 AM
The nine-week string of increases in purchase mortgage applications came to an end last week and refinancing volume pulled back as well. Consequently,...
Tue, Jun 23 2020, 10:59 AM
After its pandemic-related plunge in April, the rapid recovery of the Housing Market Index, a measure of builder confidence, seems justified by today'...
Tue, Jun 23 2020, 10:21 AM
With its so-called GSE Patch set to expire on January 10, 2021 (unless by some miracle the conservatorship of Fannie Mae and Freddie Mac (the GSEs) en...
Tue, Jun 23 2020, 10:20 AM
A paper written for the Joint Center on Housing Studies at Harvard University focuses on the causes and effects of mortgage credit tightening in the c...
Mon, Jun 22 2020, 11:16 AM
Existing-home sales fell again in May, although only at a little more than half the rate of decline in April. Still, it marked the third month of fall...
Mon, Jun 22 2020, 9:58 AM
Black Knight reports another breathtaking increase in mortgage delinquencies in its "first look" at May loan performance data. The rate, which soared ...
Fri, Jun 19 2020, 9:49 AM
The number of homeowners in active forbearance plans fell again this past week. Black Knight estimates there are now 4.6 million people remaining in t...
Thu, Jun 18 2020, 11:28 AM
The dominance of conventional lending continued to grow in May . Ellie Mae's Origination Insight Report says those loans made up 82 percent of origina...
Thu, Jun 18 2020, 10:43 AM
Freddie Mac's Economic and Housing Research Group says say that, heading into summer, the housing market is rebounding from the COVID-19 pandemic's da...
Wed, Jun 17 2020, 4:36 PM
There has apparently been considerable confusion regarding servicer obligations to report to credit agencies regarding loans in forbearance. The origi...
Wed, Jun 17 2020, 10:49 AM
Residential construction numbers climbed in May after their pandemic-driven collapse in April. The Census Bureau and the Department of Housing and Urb...
Wed, Jun 17 2020, 8:13 AM
Mortgage Application volumes continued to grow during the week ended June 12 as mortgage rates reached new lows and states allowed more businesses to ...
Tue, Jun 16 2020, 11:11 AM
The Federal Housing Finance Agency (FHFA) released its annual Report to Congress for 2019 on Monday. The report summarizes the FHFA's activities as re...
Tue, Jun 16 2020, 10:45 AM
The COVID-19 outbreak struck a major blow to builder confidence in April. The prospect of widespread shutdowns of businesses and prolonged shelter at ...
Mon, Jun 15 2020, 9:49 AM
The continued high volume of refinancing kept mortgage lenders' outlook for profits relatively high during the second quarter, although it was down sl...
Fri, Jun 12 2020, 12:12 PM
Home flipping, defined as buying a home and reselling it (in two arms-length transactions) within a year, accounted for 7.5 percent of all home sales ...
Fri, Jun 12 2020, 11:30 AM
The number of homeowners with mortgages in forbearance has fallen for the second consecutive week. Black Knight reports that, as of June 9, there were...
Thu, Jun 11 2020, 11:56 AM
Home equity reports have not been particularly interesting over the last few years. Home prices kept rising, owners kept whittling down their loan-to-...
Wed, Jun 10 2020, 10:10 AM
Lenders, responding to increasing unemployment rates and other risks, tightened lending standards in May, sending the Mortgage Bankers Association's (...
Wed, Jun 10 2020, 10:09 AM
The Mortgage Bankers Association (MBA) says that mortgage application volume rose significantly during the week ended June 5 as many states began to l...
Tue, Jun 9 2020, 11:47 AM
After falling an aggregate of 29.5 points in March and April, Fannie Mae says its Home Purchase Sentiment Index (HPSI) has begun to recover. The Index...
Tue, Jun 9 2020, 9:38 AM
The strength of the housing industry at the end of 2019 and beginning of 2020 served, to a certain extent, as a buffer as the COVID-19 pandemic began ...
Mon, Jun 8 2020, 9:41 AM
Black Knight says that only three months after the national delinquency rate hit a record low, falling 1.5 percentage point below its pre-Great Recess...
Fri, Jun 5 2020, 2:47 PM
A joint release from the Consumer Financial Protection Bureau (CFPB) and the Conference of State Bank Supervisors cautions mortgage servicers about th...
Fri, Jun 5 2020, 11:28 AM
The number of mortgages in forbearance plans declined this past week for the first time since the CARES Act to address the COVID-19 pandemic was enact...
Thu, Jun 4 2020, 2:24 PM
The Urban Institute says that homes categorized as low priced, that is in the bottom 20 percent of the distribution, appreciated 126 percent between t...
Wed, Jun 3 2020, 10:03 AM
Refinancing volume continued to slide but purchase mortgage activity partially compensated during the holiday shortened week that ended May 29. The Mo...
Tue, Jun 2 2020, 11:12 AM
CoreLogic's report on April home prices, the first for that month, says that despite fears that home prices would "bottom out like they did in the Gre...
Tue, Jun 2 2020, 8:21 AM
Overall spending on construction fell in April, down 2.9 percent to a seasonally adjusted annual rate of $1.346 trillion from 1.387 trillion. This sti...
