Renters and homeowners do not see the same rosy picture when it comes to houses for sale, but if homeowners were to follow through with their optimism, the housing market could become a healthy one.
Read More »Is Freddie Fattening Up its Portfolio
Freddie Mac’s belt is getting a little bit tighter as its portfolio increases yet again. But while it certainly rose over last month, the portfolio’s growth is nothing compared to a few months prior. So what does that mean for the long-term health of the GSE?
Read More »Are the Days of the Seller’s Market Numbered?
If a recent analysis is accurate, seller’s days may be numbered. Markets in once-hot major cities have all showed signs of slowing down in recent months, but does it spell a nationwide trend?
Read More »Defaults: How Low Can They Go?
The overall rate of default in the U.S. has hit its lowest point in five months, but not every product is seeing a drop. Which ones are experiencing steep declines and which are on the rise? Read on to find out.
Read More »OCC Head Has Ideas to Help Smaller Banks
When it comes to regulatory reform, smaller community banks should be a prime concern, according to Acting Comptroller of the Currency Keith A. Noreika. Noreika said as much in his address of the Senate Committee on Banking, Housing, and Urban Affairs on Thursday. He also laid out several steps lawmakers can take to lower barriers of entry and expand opportunities for community banks across the country.
Read More »Foreclosure Prevention is Paying Off for the GSEs
So far, 2017 is looking up‒‒or, rather, down‒‒when it comes to foreclosures and distressed properties. But will downward trends continue?
Read More »Which Company Unloaded Hundreds of Delinquent Loans?
A major company in the mortgage industry shed hundreds of nonperforming loans recently. Read on to find out which company, and how much their haul was for.
Read More »How Many Home Shoppers Are Renters?
It seems renters may finally be setting their sights on homeownership, if a new analysis released on Thursday rings true. In the first quarter of this year, the share of home shoppers who were either non-homeowners or renters rose noticeably over recent years. But what could it mean for investors and lenders? And will the uptick continue?
Read More »Risk of Default Jumps in Q1, Q2
Overall default risk is up, according to an index released on Tuesday. Up 25 points over fall 2016’s numbers, risk of default is rising that’s to higher mortgage rates and tightening monetary conditions. The risk will likely continue its upward climb too, especially if the Federal Reserve raises rates again—as expected—later on in the year. According to the report, investors and lenders can expect today’s loans to hold a 6 percent higher risk of default than loans of the 1990s.
Read More »Lenders Loosen Risk Standards as Rates Rise
According to a new report, mortgage lenders are taking increased credit risks similar to those of the early 2000s, Released on Tuesday, the report shows that tThe level of credit risk taken by lenders in Q1 of 2017 was about the same as the average risk taken between 2001 and 2003. The shift is likely a result of declining refinances, rising mortgage rates, and an increased share of investor, condo, and co-op purchases.
Read More »