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Delinquency Rate Doubles Great Recession Peak

foreclosure

In July 2020, 6.6% of mortgages in the U.S. were delinquent by 30 days or more including those in foreclosure; this represents a 2.8-percentage point increase in the overall delinquency rate compared with July 2019. The CoreLogic Loan Performance Insights ...

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Why Credit Scores Are Rising Amid National Crisis

credit scoring

The average FICO credit score hit a record high of 711 this past July. This uptick to the score may come as a shock, especially since it has taken place several months “knee deep” amid a global pandemic, FICO representatives ...

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FHA Announces COVID-19 Forbearance Request Extension

HUD Building

The Federal Housing Administration (FHA) and U.S. Department of Housing and Urban Development (HUD) today announced it is extending the date for single family homeowners with FHA-insured mortgages to request an initial forbearance from their mortgage servicer to defer their ...

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FHFA’s Calabria on Loan Extensions and New GSE Rule

FHFA Director Mark Calabria spoke Monday at a virtual event, where his session focused on the agency’s current priorities— the talk included two announcements, one about a new GSE-feedback rule, and the other related to extensions to loan flexibilities. Calabria ...

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New-Home Construction in Areas at Risk of Wildfire

According to data related to wildfires, new homes continue to be constructed in high risk areas. Cape Analytics used artificial intelligence to analyze wide swaths of geospatial imagery to help insurers and other companies better understand properties and property risk, ...

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Former Fannie Mae CEO James Johnson Dies at 76

James A. Johnson, who served as CEO of Fannie Mae from 1991 to 1998 and was a Democratic campaign operative, died on Sunday, Oct. 18 at the age of 76. His son, Alfred, told The Washington Post and Wall Street ...

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