Fannie Mae Updates on Single-Family Delinquency Rate
Fannie Mae Conventional Single-Family Serious Delinquency Rate increased 59 basis points to 3.24% in July. One year earlier, this serious delinquency rate was 0.67%. In weighing serious delinquency rates based [...]
The State of Americans’ Credit
According to the latest Invest in You Survey conducted by CNBC and Acorns in Partnership with SurveyMonkey, Americas are rethinking their spending habits. Specifically, the survey shows that all across the nation, [...]
CFPB Report: Effects of COVID-19 on Mortgage Loans, Other Debt
The Consumer Financial Protection Bureau (Bureau) this week issued a report examining the effects of the COVID-19 pandemic on consumer credit through June. The report focused on mortgage, student and [...]
Forbearance Survey: Certain Borrowers ‘Disproportionately Impacted’
Fannie Mae and Freddie Mac loans in forbearance dropped while private loans and those owned by Ginnie Mae experienced an increase, according to the Mortgage Bankers Association's (MBA) latest Forbearance [...]
Fannie Mae’s Head of Multifamily, Jeffery Hayward, Promoted
Fannie Mae has appointed Jeffery Hayward to the newly created position of EVP and Chief Administrative Officer and Michele Evans as EVP and Head of Multifamily, effective immediately. Hayward, previously [...]
Limiting Mortgage Servicing Risk in Turbulent Times
As the nation continues struggling with concurrent health and economic crisis, mortgage lenders and servicers are working to assess creditworthiness and anticipate potential risk among aspiring homebuyers. The post Limiting [...]
This Week’s Housing and Economic Report
Annualized in Q2 2020, the gross domestic product, adjusted for inflation, plummeted 31.7%, according to the second estimate from the Bureau of Economic Analysis. That’s a bit better than the advance estimate [...]
Where Zombie Properties Are Accumulating
A new report indicated that 1.6 percent of all homes in the U.S. are vacant, numbering 1,570,265 residential properties, with 7,960 or 3.7% of those vacant properties in the process [...]
BSI Financial Announces Key Executive Promotions
BSI Financial Services, a mortgage-centric financial services company, today announced it has promoted Larry Goldstone to President of Capital Markets and Lending and John Lawrence to President of Servicing and [...]