Numbers are heading in the right direction, researchers say, though COVID-19 continues to create “unique and unprecedented market conditions.”
Read More »HUD Grants Fund Housing Counseling and Foreclosure Avoidance Services
More than $12.5 million in supplemental housing counseling grants will help families avoid foreclosure and provide rental counseling services.
Read More »Stimulus Could Help Keep American Economy ‘Afloat’
A couple of articles published this week on Axios.com, a provider of technology, economy, and political news, take a lesser-seen optimistic approach to matters including a recent report about millions of Americans missing mortgage and rent payments and news about ...
Read More »CFPB Addresses Regulating Consumer Access to Financial Data
The Consumer Financial Protection Bureau (CFPB) has issued an advance notice of proposed rulemaking (ANPR) requesting input on regulating consumer access to financial records. With the ANPR, the CFPB is looking for suggestions on how the agency could most efficiently and effectively develop ...
Read More »Serious Delinquency Rate Improves for First Time Since March
This past September is the first month—since COVID-19 first began effecting the economy—to record a drop in the serious-delinquency (90+ days past due) rate, Black Knight reported Thursday. "The number of seriously delinquent mortgages (90+ days) fell by 43,000 in ...
Read More »Explaining September’s Existing-Home Sale Surge
Existing-home sales in September "soared," according to a report Thursday from National Association of Realtors (NAR). An existing home in September sold for a median price of $311,800, a 14.8% gain compared with September of last year. That's one takeaway ...
Read More »FHFA Updates Policy on Single-family Mortgages in Forbearance
The Federal Housing Finance Agency (FHFA) has announced a one-month extension of its temporary policy of allowing the purchase of certain single-family mortgages in forbearance that meet specific eligibility criteria as set by Fannie Mae and Freddie Mac. The policy, ...
Read More »Hitting a Moving Target
Editor's note: This story originally appeared in the October edition of DSNews. How do you solve (or prepare for) a problem you know is coming but don’t know how big it’s going to be? That’s the challenge facing the industry, several ...
Read More »Housing Activity Heats Up as Weather Cools
According to research by BuildFax, the housing market is heating up, just as temperatures are starting to cool. With Autumn’s approach, BuildFax points to America’s overall housing activity humming along, growing at a steady pace as we say goodbye to ...
Read More »How COVID-19 Impacts Underwriting Standards
Mortgage interest rates are at record lows and purchase loan application data indicates tremendous demand for homebuying, according to the data analysts at CoreLogic. In an article published Wednesday, CoreLogic compared the credit attributes for conventional conforming loans in Q2 ...
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