The quantity of forbearances declined by 1,000 over the past week, according to new data from Black Knight Inc.’s McDash Flash Forbearance Tracker. As of August 25, 3.9 million homeowners were in active forbearance, or 7.4% of all active mortgages, representing $828 billion in unpaid principal. This level ...
Read More »Competition Heats Up Amid Diminishing Inventory
In a typical year, buyer-seller activity would be dwindling down heading into Labor Day, economic experts report. This is not a "typical year."
Read More »COVID-19’s Impact on Mortgage-Backed Securities
Fitch Ratings is raising concern that the government-sponsored enterprises’ (GSEs) response to the COVID-19 pandemic is having a problematic impact on their mortgage-backed securities (MBS) issuances. Fitch noted that its rating actions prior to the pandemic’s onset were mostly positive ...
Read More »Hurricane Laura Threatens Homes Across Texas, Louisiana
The potential for Gulf Coast housing damage from Hurricane Laura could total more than $88 billion, according to a new forecast from CoreLogic. Laura is heading in the path of 431,810 homes in Texas and Louisiana, and CoreLogic estimates a ...
Read More »Housing Market Managing ‘Impressive V-Shaped Recovery’
Affordable homeownership opportunities continue to be an elusive object in the housing market, according to First American Financial Corp.’s newly-released First American Real House Price Index (RHPI) for June. The report measures the price changes of single-family properties throughout the nation, adjusted ...
Read More »FHFA: Forbearance Plans Dominated May Foreclosure-Prevention Actions
The FHFA’s latest Foreclosure Prevention and Refinance Report breaks down the state of the landscape as we approached this summer, including delinquency rates, short sales, and other data.
Read More »‘Clouds on the Horizon’ for Mortgage Delinquencies
The nation's overall delinquency rate for May reached its highest level since February 2014, according to the latest Loan Performance Insights report published by CoreLogic. During May, 7.3% of mortgages were delinquent by at least 30 days or more. The ...
Read More »How Many Mortgages Are Now in Forbearance?
The ongoing COVID-19 pandemic and expiration of expanded unemployment benefits continue to represent significant uncertainty for the weeks ahead, according to researchers.
Read More »Lowest Unemployment Rate in Months, Continuing Gradual Recovery
Though jobless claims continue to drop, America is still a long way from pre-pandemic numbers. A pair of housing market economists weigh in.
Read More »Many Struggling Homeowners Are Overlooking Payment-Relief Options
Increased awareness as well as ongoing attention to digitization will help homebuyers, a recent study revealed.
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