Delinquency Rate Finds New Low
“For the second quarter in a row, the mortgage delinquency rate fell to its lowest level since MBA’s survey began in 1979,” said Marina Walsh, MBA’s VP of Industry Analysis. [...]
COVID-19 Boomtowns Report Higher-Than-Normal Inflation
People gifted with remote work overwhelmingly chose to migrate to the Sun Belt, resulting in higher housing costs, which weigh on inflation figures. Source: DS News
Major Metros Show Significant Home Price Gains in Q3
First-time homebuyers looking to purchase a typical home during Q3 have begun to feel the impact of nationwide housing's growing unaffordability. A new report from the National Association of Realtors [...]
Ginnie Mae’s MBS Portfolio Grows by $23B in October
“The steepest increase in mortgage rates in decades is a headwind for homebuyers, but Ginnie Mae’s guaranty and insuring agency partners are here with products and programs to help consumers [...]
Study Finds Most Movers Want to Stay Near Home State
A new LendingTree analysis revealed that movers typically stick near the states that they live in, and if they move states, they often migrate to a bordering state rather than [...]
Foreclosure Activity Up Nearly 60% Year-Over-Year
However, Rick Sharga, EVP of Market Intelligence at ATTOM, notes that October foreclosure activity was still only “about 59% of pre-pandemic numbers." Click through to learn when he anticipates volumes [...]
Report: Housing Market Still Reeling From Rates
According to a new report from Redfin, one-third fewer homes went under contract in October compared to last year. Source: DS News
As Originations Decline, Consumer Interest in HELOCs Inches Upward
Joe Mellman, SVP and Mortgage Business Leader at TransUnion, said, "Considering that homeowners had a cumulative total of $604 billion in non-mortgage debt, [HELOCs allow homeowners to] use their available [...]
Report: Number of Underwater Homeowners Spikes Over Past Quarter
New Black Knight data takes a look at "the largest quarterly decline [in newly acquired equity] on record by dollar value and the largest since 2009 on a percentage basis.” [...]