CoreLogic releases monthly reports on delinquencies and loan performance for U.S. mortgages. The company on Tuesday published data covering September 2020, which show that, nationwide, 6.3% of mortgages are 30-plus days past due. Numbers reported in CoreLogic's Loan Performance Insights, ...
Read More »MBS Represent ‘Strong Source of Capital’ for Homeowners
Ginnie Mae on Tuesday announced that mortgage-backed securities (MBS) have continuously been a "strong source of capital for America's homeowners." The company, which funds government-backed loans, reports more than $76.2 billion of securities issued in November, the fifth consecutive month ...
Read More »Housing Market Forecast and Predictions for 2021
Shelter-at-home orders and other measures were put in place just before springtime this year, which is usually the best time of year for listing and selling homes. However, 2021 poses to be a much more stable year for real estate, ...
Read More »Payment-Market Evolution Explained
Although like many sectors, it has faced challenges related to COVID-19, the payments market is quickly evolving, according to industry insiders. Marius Galdikas, CEO at ConnectPay, a fintech bank, notes that factors including Banking-as-a-Service, the pursuit of regulation, less reliance ...
Read More »How Foreclosure ‘Wave’ Could Impact Housing Shortage
Foreclosure moratoria and forbearance programs eventually will come to an end, which could result in a foreclosure surge, say sources at Redfin. With a few factors at play, any such increase in foreclosures will not make much of a dent ...
Read More »Home Purchase Sentiment Down After Hitting ‘Peak’
Fannie Mae's Home Purchase Sentiment Index (HPSI) this month reported a 1.7 point decline in home-purchase sentiment following three consecutive months of increases, the researchers said. The HPSI stands at 80 points for November. Since last year at this time, ...
Read More »The Week Ahead: The Impact of the 2020 Wildfires
The property data analysts at CoreLogic host a complimentary webinar Tuesday, December 8, at 11 a.m. CT, entitled, "A Horizon on Fire: Where Do We Go From Here?" Organizers, noting that 2020 has been a record-breaking year across the board, ...
Read More »Housing Market Stays Strong Amid Slow Economic Recovery
How long will economic recovery take? CNN Business says that if things continue at November 2020’s pace, it will take the US until March 2024 to return to where it was in February 2020. Because of COVID-19 occupancy restrictions, online ...
Read More »Can America Stave Off ‘Wave of Homelessness’
Some 18 million homeowners and renters are late to pay the monthly housing bill, and about a third of those expect to face eviction or foreclosure in the coming months, reported the US Census Bureau in November. According to an ...
Read More »Industry Leaders Discuss GSE Privatization
The U.S. House Committee on Financial Services Chairwoman Maxine Waters has been a staunch voice advocating on behalf of, in her words, "current homeowners, renters, potential owners, and more than 19 million prospective millennial homeowners." To that end, Waters Friday ...
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