Thursday, December 2, 2021
Home Industry Insight

Industry Insight

New Home Sales Jumped 14 Percent in September as Demand Outstrips Supply

New home sales were at a seasonally adjusted annual rate of 800,000 in September, an increase of 14.0% compared with a revised 702,000 in...

Setting the Right Strategy for 2022

The Mortgage Bankers Association’s mortgage volume forecast is the writing on the wall. It shows that the refinancings that accounted for over 75% of...

Mortgage Delinquency Rate Fell to Nearly Pre-Pandemic Levels in July

The U.S. mortgage delinquency rate fell to nearly pre-pandemic levels in July, decreasing to 4.2% of all mortgages. However, serious delinquencies remained elevated, according...

Case-Shiller: Home Price Growth Has Shattered Records for Four Consecutive Months

Lack of inventory coupled with strong demand for single-family housing due to the pandemic continued to push home prices to record highs in July,...

Housing Starts Jumped in August as Builders Battled Supply-Side Constraints

Housing starts reached a seasonally adjusted annual rate of 1.6 million in August, an increase of 3.9% compared with July and up a whopping...

Overall Delinquency Rate Dropped Again in June But Serious Delinquencies Stubbornly High

The U.S. mortgage delinquency rate fell to 4.4% in June, the lowest in more than two decades and down significantly from 7.1% in June...

CoreLogic: U.S. Home Prices Hit Record Annual Increase in July

U.S. home prices continued to rise at a rapid pace in July, increasing 1.8% compared with June and jumping a record 18% compared with...

Home Prices Saw Largest Annual Gain Since 2005 as Affordability Concerns Rise

U.S. home prices continued to surge in March, rising 1.5% on an adjusted basis compared with February and jumping a whopping 13.2% compared with...

8 Red Flags Indicating Fair Lending Risk

Risk management is all about identifying, measuring, monitoring and controlling risk, and fair lending risk is no exception. Here are eight red flags that may...

U.S. Home Prices Increased Again in August, Despite Pandemic

U.S. home prices continued to increase at a modest rate in August, rising 1.0% on a seasonally adjusted basis compared with July, according to...

Foreclosure Activity Hit a Record Low in Q3, Despite COVID-19 Crisis

Foreclosure activity has, for all intents and purposes, ground to a halt due to moratoria put in place by the federal, state and local...

The Emerging Paradox: Mortgage Delinquencies on the Rise, Along with Home Sales

There is an emerging paradox in the U.S. housing market: home sales are rising and demand has never been stronger - yet mortgage delinquencies...

CoreLogic: Home Price Appreciation Expected to Slow in 2021

U.S. home prices increased about 1% in August compared with July and were up 5.9% compared with August 2019, according to CoreLogic. Driving the increase...

Rate of Defects in Mortgage Applications Continues to Fall

The rate of defects in mortgage applications continued to decrease in August, due mostly to the fact that applications for refinances made up a...

Existing-Home Sales Increased For Third Straight Month in August

Existing-home sales increased for a third consecutive month in August, rising 2.4% compared with July to a seasonally-adjusted annual rate of 6 million, according...

Forbearance Share Continues to Fall

The share of mortgages in COVID-19-related forbearance plans continued to shrink during the week ended Sept. 6, dropping 15 basis points to 7.01%, down...

Origination Volume Quickly Bounced Back from COVID

The COVID-19 crisis ravaged a majority of U.S. industries during the second quarter, resulting in a peak unemployment rate of nearly 14% in April,...

Share of Mortgages in COVID-19 Forbearance Plans Continues to Grow

The share of mortgages in COVID-19 related forbearance plans increased to 8.36% during the week ended May 17, according to the Mortgage Bankers Association....

Housing Starts Fell 30% in April But Are Expected to Rebound

Due to the coronavirus pandemic and subsequent social distancing constraints, housing starts tumbled in April, falling 30.2% compared with March, according to the U.S....

Share of Mortgages in Forbearance Reaches Nearly 8 Percent

The share of mortgages in forbearance plans as of May 3 had grown to 7.91% - or nearly 4 million loans - according to...