Mon, Mar 30 2020, 10:41 AM
Pending home sales, which jumped 5.2 percent in January, did not retrench as expected last month. The National Association of Realtors® (NAR) said its...
Fri, Mar 27 2020, 9:11 AM
Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 5.5 percent in February , up from a 4.3 percent ga...
Thu, Mar 26 2020, 11:13 AM
New home building, which only recently and belatedly caught fire, is already feeling the effect of the COVID-19 virus response. The National Associati...
Wed, Mar 25 2020, 9:56 AM
The pace of annual price increases ticked slightly higher in January according to Federal Housing Finance Agency (FHFA) House Price Index (HPI). The i...
Wed, Mar 25 2020, 8:15 AM
The volume of mortgage applications plummeted last week as households, rattled by COVID-19 fears, self-isolated in their homes and businesses were shu...
Tue, Mar 24 2020, 10:36 AM
Sales of newly constructed home jumped to a 13-year high of 764,000 annualized units in January , a number that was revised even higher today to 800,0...
Mon, Mar 23 2020, 1:36 PM
Fannie Mae has issued a series of three lender letters dealing with changes in appraisals, originations, and servicing protocols in response to the CO...
Mon, Mar 23 2020, 11:36 AM
Over the weekend the Mortgage Bankers Association (MBA) sent letter to two federal financial officials asking for immediate action to counter potentia...
Mon, Mar 23 2020, 8:45 AM
Loan performance overall continues to validate the perceived quality of recent loan vintages and delinquency metrics continue to test and break old re...
Fri, Mar 20 2020, 11:45 AM
Who knows what tomorrow will bring? At least for today we have some welcome good news from the National Association of Realtors® (NAR). Existing home ...
Thu, Mar 19 2020, 2:13 PM
A 10-basis point drop in the average interest rate of closed loans drove up the share of refinances in February. Ellie Mae's Origination Insight Repor...
Thu, Mar 19 2020, 10:41 AM
Freddie Mac is invoking the same types of measures to protect homeowners in the face of the COVID-19 pandemic as it has previously taken in other natu...
Thu, Mar 19 2020, 8:17 AM
The U.S. Department of Justice (DOJ) has launched a civil investigation into FICO Corporation. DOJ is apparently looking into claims that the company ...
Thu, Mar 19 2020, 8:10 AM
As anticipated, the two major data sets in February's residential construction report declined from their January level but both construction permitti...
Wed, Mar 18 2020, 8:42 AM
New home sales in February are expected to be down from January's levels based on loan application volume data reported by the Mortgage Bankers Associ...
Wed, Mar 18 2020, 8:27 AM
Builder confidence slipped slightly in March according to the National Association of Home Builders (NAHB), but there was one huge caveat. The monthly...
Wed, Mar 18 2020, 8:16 AM
After last week's report on a record-busting week for mortgage applications, with applications for refinancing surging 79 percent and mortgage volume ...
Fri, Mar 13 2020, 3:31 PM
Fannie Mae's forecasts for the rest of 2020 took a bit of a hit from the pandemic panic. The company's Economic Developments report for March contains...
Fri, Mar 13 2020, 10:22 AM
With the caveat that its Lender Sentiment Survey was conducted in February when the world was a very different place , Fannie Mae says mortgage lender...
Fri, Mar 13 2020, 9:54 AM
Homeowner equity jumped again in the fourth quarter of last year. CoreLogic's report said it found that, among homeowners with mortgages, about 63 per...
Fri, Mar 13 2020, 9:49 AM
Home sellers and potential buyers appear to be having a variety of reactions to the turmoil surrounding the COVID-19 virus with some even viewing it a...
Wed, Mar 11 2020, 9:13 AM
Mortgage credit availability declined last month, and the Mortgage Bankers Association (MBA) says it might be the result of too much of a good thing. ...
Wed, Mar 11 2020, 8:50 AM
Unless you were involved in the housing industry or suffered the loss of your home, you probably didn't notice or have by now forgotten one of the mos...
Wed, Mar 11 2020, 8:41 AM
Following a full committee hearing on Tuesday morning that featured Charles W. Scharf, Chief Executive Officer (CEO) and President of Wells Fargo & Co...
Wed, Mar 11 2020, 8:19 AM
There was a nearly incomprehensible surge in mortgage applications during the week ended March 6 as mortgage rates hit near record lows. According to ...
Tue, Mar 10 2020, 8:46 AM
Only one of the six components of Fannie Mae's Home Purchase Sentiment Index (HPSI) posted a net gain in February, but the increase in the numbers of ...
Fri, Mar 6 2020, 10:28 AM
The National Association of Realtors® (NAR) said its latest study on generational trends in homeownership has found that some homebuying characteristi...
Wed, Mar 4 2020, 8:33 AM
Interest rates fell along with the stock market last week as fears about the economic impact of COVID-19 sent investors fleeing to the safety of U.S. ...
Tue, Mar 3 2020, 11:01 AM
Home prices nationwide accelerated on an annual basis by 4.0 percent in January according to CoreLogic's Home Price Index (HPI). Annual appreciation h...
Tue, Mar 3 2020, 8:22 AM
Privately funded construction gained 1.5 percent month-over-month, from a seasonally adjusted $1.008 trillion in December to $1.023 trillion in Januar...
Mon, Mar 2 2020, 11:34 AM
With Freddie Mac's average rate for 30-year fixed-rate mortgages (FRM) hitting 3.45 percent late last week. Black Knight estimates, in its current Mor...
Mon, Mar 2 2020, 8:39 AM
Some time ago, Freddie Mac's Economic and Housing Research Group raised an alarm over a housing shortage , calling it a crisis and estimating that the...
Fri, Feb 28 2020, 12:09 PM
Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 4.3 percent in January , a substantial change from...
Fri, Feb 28 2020, 11:37 AM
A recent post on the Urban Institute's (UI's) Urban Wire blog focuses on some overlooked data on FHA's Home Equity Conversion Mortgage (HECM) program....
Thu, Feb 27 2020, 10:19 AM
Pending home sales bounced back last month after an unexpectedly dismal performance ended the prior year. The National Association of Realtors ® said ...
Wed, Feb 26 2020, 11:12 AM
New home sales had ended 2019 in a much stronger fashion than they had started the year. December sales were at an annual rate of 708,000 (a revision ...
Wed, Feb 26 2020, 8:25 AM
There was a new round of interest rate cuts during the week ended February 21, but consumers largely ignored the additional potential for refinancing....
Tue, Feb 25 2020, 11:04 AM
Both the S&P CoreLogic Case-Shiller home price indices and the Federal Housing Finance Agency's (FHFA's) House Price Index (HPI) for December provide ...
Mon, Feb 24 2020, 12:20 PM
Builders are finding that acquisition, development, and construction (ADC) loans in the last half of 2019 were both easier to access and less costly. ...
Fri, Feb 21 2020, 11:12 AM
If it's January it must mean fewer home sales. That, at least, has been the recent pattern according to National Association of Realtors (NARs). Exist...
Fri, Feb 21 2020, 9:49 AM
Tighter underwriting and a strong economy seemingly continue to be reflected in mortgage loan performance. In its "first look" at January loan data, B...
Fri, Feb 21 2020, 9:32 AM
The Mortgage Bankers Association (MBA) said information from its January Builder Application Survey shows applications to finance new home purchases s...
Thu, Feb 20 2020, 10:20 AM
The slight drop in mortgage rates in January stabilized refinance originations according to the January Origination Insight Report from Ellie Mae. The...
Wed, Feb 19 2020, 10:53 AM
Residential construction data was mixed at the kick-off of the new year. Permits increased significantly while both housing starts and completions pul...
Wed, Feb 19 2020, 8:34 AM
Mortgage loan applications submitted during the week ended February 14 declined for the first time since mid-January. The Mortgage Bankers Association...
Tue, Feb 18 2020, 3:33 PM
Fannie Mae says the U.S. economy appears to be sustaining itself despite both the problems faced by Boeing and the fears about the global impact of th...
Tue, Feb 18 2020, 10:40 AM
Builder confidence dipped a notch in February but still remains at elevated levels. The National Association of Home Builders (NAHB) says its Housing ...
Fri, Feb 14 2020, 8:14 AM
Both of the government sponsored enterprises (GSEs) posted strong earnings for the fourth quarter of 2019 as well as for the entire year. They are now...
Thu, Feb 13 2020, 11:03 AM
The 2021 Federal Budget prepared by the White House is given little chance of passing Congress but there are a couple of provisions buried in the hund...
Thu, Feb 13 2020, 8:18 AM
The fourth quarter report on mortgage delinquencies from the Mortgage Bankers Association (MBA) continues to show problem loans at historically low le...
