Case-Shiller: Home Prices Continued to Climb in January
U.S. home prices increased 0.5% on a seasonally adjusted basis in January compared with December and were up 3.9% compared with January...
Ginnie Mae Kick-Starts Pass-Through Assistance Program to Aid Mortgage Servicers
Due to the impact of the coronavirus pandemic on the U.S. economy, mortgage servicers are facing a pending avalanche of defaults which,...
Mortgage Servicers Face Potential Liquidity Crunch
Due to the evolving economic stresses and operating conditions caused by the coronavirus pandemic, Fitch Ratings recently placed all U.S. mortgage servicers...
Pending Home Sales Increased in February
Pending home sales increased 2.4% in February compared with January and were up 9.4% compared with February 2019, according to the National...
Index Reveals Continued Trend Toward Clean Mortgage Applications
The First American Loan Application Defect Index for February 2020 shows that the frequency of defects, fraudulence and misrepresentation in the information...
CFPB Delays Quarterly HMDA Reporting for Mortgage Lenders
In these difficult times, the Consumer Financial Protection Bureau (CFPB) is providing flexibility for mortgage lenders by temporarily waving the requirement to...
Mortgage Rates Fall Sharply After Fed’s ‘Swift and Significant Efforts’
After rising for two consecutive weeks, mortgage rates dropped sharply, with the average rate for a 30-year, fixed-rate mortgage falling 15 basis...
Fitch Puts Freedom Mortgage on Watch Negative Due to Forbearance-Related Risks
In light of forbearance-related risks stemming from the economic impact of coronavirus, Fitch Ratings has placed Freedom Mortgage Corp.'s BB- Long-Term Issuer...
Zillow: The Big Question is How to Limit Foreclosures
Low mortgage rates haven’t been enough to counter the devastating effect of the coronavirus pandemic on the U.S. housing market.
MBA: Most Profitable Fourth Quarter Since 2012
Mortgage bankers realized a net gain of $1,182 on each loan they originated in the fourth quarter, down from $1,924 per loan...
FHFA Says Home Prices Ticked Upward in January
According to the Federal Housing Finance Agency (FHFA) House Price Index (HPI), U.S. house prices rose 0.3% in January month over month...
LendingTree Refi Activity Tripled Year Over Year
LendingTree’s latest report on U.S. home refinancing activity finds that the COVID-19 coronavirus pandemic has led to unprecedented volatility in mortgage interest...
Coronavirus Drags Down Mortgage Applications Nearly 30 Percent
The economic impact of coronavirus resulted in mortgage application volume plummeting 29.4% on an adjusted basis during the week ended March 20,...
Mortgage Delinquencies Inched Up in February
The U.S. mortgage delinquency rate inched up 1.95% in February compared with January but was down about 15% compared with February 2019,...
Fed, FHFA Aim to Maintain Mortgage Market Liquidity
The Federal Reserve has taken steps to keep credit moving during this time of crisis and uncertainty, committing to continued purchases of...
Regulators Officially Encourage Borrower Engagement Before Default
All of the U.S. financial institution regulators and the state banking regulators have issued an interagency statement that encourages financial institutions to...
Existing-Home Sales Jumped in February
Here’s some uplifting pre-COVID-19 housing data: Existing-home sales were at an annual rate of 5.77 million in February, an increase of 6.5%...
CoreLogic Hires Selma Hepp as Deputy Chief Economist
Selma Hepp has joined CoreLogic, a provider of property information, analytics and data-enabled services, as deputy chief economist.Most...
Report Finds Average Home Price Rose Year over Year
Zillow’s Real Estate Market Report for February says the typical home value in the U.S. is now $247,084, representing a 3.9% increase...
Refinancings Dominated Q4 2019 Mortgage Origination Volume
The fourth-quarter 2019 U.S. Residential Property Mortgage Origination Report from ATTOM Data Solutions shows that 1.27 million refinance mortgages were originated in...