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Single-Family Rent Prices Further Slow in June

The U.S. single-family home rent prices in June continued the path downward, spiking 1.4% year over year for the month, representing a deep decline from the year before. Furthermore, it was the lowest growth rate since May 2010, according to ...

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Mortgage Forbearance Pandemic Trends—Six Things to Know

The mortgage forbearance option in the March 2020 Coronavirus Aid, Relief, and Economic Security (CARES) Act  offered relief to millions of homeowners during the COVID-19 pandemic. The 33.4 million with federally backed mortgages can request from their servicers a forbearance plan (with far less documentation of financial hardship than is usually required) allowing them to delay ...

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‘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 ...

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California Moving Forward With State-Level CFPB

GSE loans

California legislators are pushing for the formation of a new watchdog agency to protect consumers from bad loans by “predatory lenders.”  California Assembly member Monique Limón told National Public Radio (NPR) that since the COVID outbreak, consumer complaints about financial wrongdoing in her state are ...

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Fannie Mae Economist: When Will Economy Bounce Back?

raining money credit risk

According to the latest commentary from the Fannie Mae Economic and Strategic Research Group, America’s economy is surprisingly poised to bounce back in the coming quarter. Although the U.S. economy experienced a setback in the second quarter, contracting by 32.9% ...

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