Increasing Prices Limiting Access to Homeownership
It’s no secret that the combination of rising home prices along with a trend of increasing interest rates have made buying the typical single-family home much more expensive, if not completely [...]
Mortgage Delinquencies Drop to 23-Year Low
CoreLogic has released its monthly Loan Performance Insights Report for June 2022, showing that 2.9% of all mortgages in the U.S. were in some stage of delinquency, —30 days or [...]
Trade Groups Seek FHA Mortgage Insurance Premium Reduction
In a letter to the White House, NAR, the MBA, NAHB and MHI have submitted a letter asking for the FHA to cut its mortgage insurance premium by helping increase [...]
Distressed Homeowners Find Relief in Fintech Services
Brace has observed in its latest Mortgage Servicing Pulse that changes in Servicing regulations following the Great Recession, coupled with accelerated digital adoption during the Covid pandemic, have engendered a [...]
Home Price Appreciation Cooled in August
According to the latest Home Data Index Market Report from Clear Capital, home price appreciation cooled markedly in August as it’s proprietary Clear Capital Home Data Index for the second [...]
Mortgage Fraud Risk Falls YoY in Q2
One in 131 mortgage applications contained instances of fraud in the second quarter of 2022 according to CoreLogic, despite a rise in the instances of income fraud and property fraud. [...]
Ginnie Mae MBS Portfolio Expands to $2.3T
Ginnie Mae’s mortgage-backed securities outstanding portfolio grew for the 14th consecutive month in August, hitting $2.269 trillion, up from $2.248 trillion in July, and $2.119 trillion last year. This growth [...]
Affordability Decreases for First-Time Buyers
While many in the housing market are predicting a shift in power to buyers' favor, that switch may not be coming anytime soon to according to a recent NerdWallet report [...]
Budget Challenges Persist for Homebuyers
In order to better understand the sentiment and experiences of buyers, sellers, and renters currently on the market for homes, the Realtor.com Economics team has conducted a randomized survey of [...]