Foreclosure Moratoria and the Distressed Auction Market
Despite widespread foreclosure moratoria, completed foreclosure auctions are percolating, the Q4 Distressed Market Outlook from Auction.com shows. While remaining below 78% below year-ago levels, there was a 24% uptick of [...]
‘Slow Down in Exits’ Means Increased Overall Forbearance Activity
The total number of loans in forbearance took a slight uptick in the latest data from the Mortgage Bankers Association's (MBA) Forbearance and Call Volume Survey. As of Nov. 15, [...]
The Suburbs’ Changing Demographics
Over the last decade, U.S. suburbs have become more racially and ethnically diverse—not to mention more Democratic, according to Redfin.com. To get a better handle on this transition, the company [...]
The Benefits of Homeownership Often Elude Black Americans
Owning a home is a tool for building wealth and stability, but a report from researchers at the Urban Institute indicates that is less applicable to people of color. Not [...]
Janet Yellen Is Biden’s Treasury Secretary Pick
President-Elect Joe Biden has chosen former Federal Reserve Chair Janet Yellen as his Treasury Secretary, several news outlets report, and the Associated Press has confirmed, through an unnamed source. Yellen [...]
Fannie Mae Recognized as a Top Company for Inclusion
Fannie Mae was named a top company for inclusion by the National Business Inclusion Consortium, a coalition formed by the National LGBT Chamber of Commerce, according to Fannie Mae. This [...]
Loan Performance Report Reveals ‘Good News’
According to a representative from Black Knight, their data analysts' monthly loan-performance report contains "pretty much good news all around, though most of it is the slow-and-steady-wins-the-race variety." In summary, [...]
Revisiting Regulations for Nonbank Mortgage Lenders
Federal Reserve Governor Michelle Bowman last week suggested revisiting the regulatory framework that defines how nonbank mortgage lenders operate. Speaking via webcast to the 2020 Financial Stability Conference hosted by [...]
The Week Ahead: A Breakdown of Delinquency Statistics
This week, on Monday, November 23, Black Knight will release its First Look at July mortgage performance data. Monday's delinquency numbers, which will cover October 2020, count all homeowners who [...]