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Journal

Builder Confidence on Firm Foundations

home builders

The latest installment of the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) shows builder confidence in the market for newly-built single-family homes mostly staying strong. However, there are concerns on the horizon that could continue to ...

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HUD’s Carson: “We Simply Need to Do Better.”

On Thursday, HUD Secretary Dr. Ben Carson announced new measures to protect the financial integrity of the department. "We simply need to do better. An updated system of internal controls will provide our agency with greater certainty that the dollars ...

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Delinquencies on the Decline

According to the latest installment of CoreLogic’s monthly Loan Performance Insights Report, nationally 5.3 percent of mortgages were in some stage of delinquency during December 2017. That figure includes mortgages in foreclosure. The total is exactly the same percentage as ...

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HUD Addresses Concerns About Reverse Mortgage Foreclosures

Reverse mortgages have become a popular—and sometimes controversial—way for Americans to make use of the accrued equity in their homes, especially for older homeowners. The latest controversy surrounds HUD foreclosures on homes participating in the home equity conversion mortgage (HECM) ...

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Fannie Offers Sixth Sale of Reperforming Loans

On Tuesday, Fannie Mae announced its sixth sale of reperforming loans. Reperforming loans are mortgages that had become delinquent, but which have recovered thanks to borrowers either catching up on their payments or working to secure loan modifications. This sixth ...

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Reverse Mortgage Securities Market Booming—for Now

Data

February 2018 was an excellent month for investors in reverse mortgage securities. According to New View Advisors, a financial services advisory firm located in New York, issuers of home-equity conversion mortgage-backed securities (HMBS) sold 129 pools in February, totaling $1.47 ...

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Home Valuations After Disaster Strikes

Now and then, Mother Nature reminds us of her power—but 2017 was outrageous. It was a record-breaking year for disasters. According to a recent New York Times report, the combined insured losses from Hurricanes Harvey, Irma, and Maria accounted for ...

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Collingwood’s Tim Rood: Moving Mortgage Forward

Tim Rood is the Co-Founder and Chairman of the Collingwood Group, a Washington, D.C.-based advocacy group for the housing and mortgage industries. Collingwood works to identify and secure business opportunities with the federal government and the GSEs; helps financial services ...

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