News

The strong housing recovery may be partly to blame for the large drop in inventory experienced in some markets during the past five years. On average, the more increased the housing values in a particular area above pre-recession levels, the greater the decrease in present housing inventory. The significant drop in starter and trade-up home inventory is pushing affordability further out of reach of some homebuyers.

The distressed sales share for December 2016 and the full year distressed sales share were both the lowest distressed sales share for any month since 2007. Before the housing crisis, distressed sales averaged around 2 percent, and the share is expected to reach that point again by mid-2018.

The total national loan delinquency rate (loans 30 or more days past due, but not in foreclosure) fell to 4.31 percent, a 0.98 percent decline, in February. This is a year-over-year drop from last year of 5.51 percent. Foreclosure sales dropped month-over-month to 1.87 percent, a decline of 16.23 percent, but increased year-over-year by 0.22 percent.

One of the world’s top rating agencies warned on Monday that sweeping or high-level changes to Fannie Mae and Freddie Mac could unleash a host of unintended consequences on America’s housing-finance system and the global banking sector—just as they enter ...

The March 2017 issue of Housing Finance at a Glance, compiled by the Housing Finance Policy Center at the Urban Institute, gives a 44-page in-depth look at housing finance in today’s market.  It’s a virtual encyclopedia of information concerning the ...

We may be heading toward an inflation bubble, Bloomberg reports. Nominal yields on five-year Treasuries are negative when adjusted for the price outlook, and on the Federal Reserve’s gauge to measure long term inflation expectations, the rate projected for 2022 ...

On Tuesday, the Subcommittee on Oversight and Investigations of the Committee on Financial Regulations held a hearing on the constitutionality of the Consumer Financial Protection Bureau. The hearing was aptly titled “The CFPB’s Unconstitutional Design.” Subcommittee Chairwoman Ann Wagner’s opening ...

For the fifth year in a row, Paragon, Black Knight’s MLS software, ranked at the top in the Clareity MLS Customer Satisfaction Survey.

Bank card default rates went up by one basis point to 3.22 percent between February and January, according to S&P/Experian Consumer Credit Default Indices. February’s 3.22 percent default rate is a 44-month high, the highest rate since July 2013. Interest ...

The new VP and National Account Manager will be responsible for driving business development and delivering private mortgage insurance solutions for clients.