After the addition of nearly four million jobs nationwide in the last year, CoreLogic reports that a solid job market continues to help borrowers pay their mortgages on time, pushing the overall mortgage delinquency rate to a historic low in May.
Read More »CFPB Uncovers Unfair and Deceptive Practices Across Consumer Financial Products
Discover the latest findings from Bureau examiners, shedding light on conduct that breaches federal regulations, specifically targeting abusive practices within consumer financial services.
Read More »HUD Offers Grants to Study Office-to-Residential Conversions
The latest thing caused by remote work has created a glut of unused office space, which the Department of Housing and Urban Development wants to study further as a future residential growth option through renovation and conversion to apartments or condos.
Read More »Fed Raises Rates by 25 Basis Points to 22-Year High
The Federal Reserve once again raised the interest rates at its Federal Open Market Committee meeting Wednesday, reaching levels last seen in 2001.
Read More »May’s Case-Shiller Index Echoes April’s Numbers
The S&P CoreLogic Case-Shiller Index found additional gains in May—the latest data made available by the report—as the top-20 major metropolitan markets reported month-over-month price increases for the third consecutive month.
Read More »Capitol Hill Examines Volatile Weather Events and Financial Risk
During a recent House Financial Services Subcommittee on Financial Institutions and Monetary Policy meeting, Greg Coleman of the Office of the Comptroller of the Currency noted that “the OCC’s role is to ensure that national banks and federal savings associations understand their climate-related financial risks and develop comprehensive risk management frameworks and capabilities to identify, measure, monitor and control those risks.”
Read More »Wildfire Impacts on California Property Values
Properties in California in high probability areas for wildfires experienced much slower appreciation than other properties in safer areas.
Read More »Freddie Mac Approaches $1.4B Single-Family Green Securities Issuance in 2022
The size of the GSE’s Green MBS issuance doubled from 2021 to 2022, reflecting market demand for green homes and environmentally focused investments.
Read More »Seriously Delinquent Loans Fall to Levels Last Reported in 2006
According to Black Knight, the number of serious delinquencies (90-days or more past due) dropped to 471,000 units, the lowest reported since August 2006, a 27% year-over-year drop.
Read More »Economic Pessimism Forcing Lenders to Prioritize Cost-Cutting Measures
Mortgage lenders cited "cost-cutting" as their most important business priority for the second year in a row, according to Fannie Mae's latest Mortgage Lender Sentiment Survey.
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