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Foreclosure Moratoria and the Distressed Auction Market

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Despite widespread foreclosure moratoria, completed foreclosure auctions are percolating, the Q4 Distressed Market Outlook from Auction.com shows. While remaining below 78% below year-ago levels, there was a 24% uptick of completed foreclosure auctions to a six-month high in September. That ...

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The Suburbs’ Changing Demographics

Over the last decade, U.S. suburbs have become more racially and ethnically diverse—not to mention more Democratic, according to Redfin.com. To get a better handle on this transition, the company studied data from the U.S. Census, along with Redfin’s housing ...

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Janet Yellen Is Biden’s Treasury Secretary Pick

President-Elect Joe Biden has chosen former Federal Reserve Chair Janet Yellen as his Treasury Secretary, several news outlets report, and the Associated Press has confirmed, through an unnamed source. Yellen would be the first woman to head the U.S. Treasury—and ...

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Fannie Mae Recognized as a Top Company for Inclusion

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Fannie Mae was named a top company for inclusion by the National Business Inclusion Consortium, a coalition formed by the National LGBT Chamber of Commerce, according to Fannie Mae. This year’s fifth annual “Best-of-the-Best Corporations for Inclusion” cohort features corporations ...

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Loan Performance Report Reveals ‘Good News’

According to a representative from Black Knight, their data analysts' monthly loan-performance report contains "pretty much good news all around, though most of it is the slow-and-steady-wins-the-race variety." In summary, mortgage delinquencies continued to improve in October, falling another 3.3% ...

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Revisiting Regulations for Nonbank Mortgage Lenders

Federal Reserve Governor Michelle Bowman last week suggested revisiting the regulatory framework that defines how nonbank mortgage lenders operate. Speaking via webcast to the 2020 Financial Stability Conference hosted by the Federal Reserve Bank of Cleveland and the Office of ...

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The Week Ahead: A Breakdown of Delinquency Statistics

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This week, on Monday, November 23, Black Knight will release its First Look at July mortgage performance data. Monday's delinquency numbers, which will cover October 2020, count all homeowners who have missed payments, whether they are in forbearance plans or ...

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