‘Clouds on the Horizon’ for Mortgage Delinquencies
The nation's overall delinquency rate for May reached its highest level since February 2014, according to the latest Loan Performance Insights report published by CoreLogic. During May, 7.3% of mortgages [...]
California Moving Forward With State-Level CFPB
California legislators are pushing for the formation of a new watchdog agency to protect consumers from bad loans by “predatory lenders.” California Assembly member Monique Limón told National Public Radio (NPR) [...]
Fannie Mae Economist: When Will Economy Bounce Back?
According to the latest commentary from the Fannie Mae Economic and Strategic Research Group, America’s economy is surprisingly poised to bounce back in the coming quarter. Although the U.S. economy [...]
White House Ripple Effects on Housing
The 2020 presidential race is pivotal for many reasons, including its implications for the housing industry, which often receives less attention on the campaign trail than other topics. Yet, as America faces a historic shortage of [...]
Best Homes Title Agency Expands Midwest Footprint
Best Homes Title Agency, a provider of residential and commercial title insurance, announced the opening of their newest office location in Gateway Executive Park, at 1821 Walden Office Square Suite [...]
HUD, White House Pen Op-Ed on ‘Defending Suburbs’
President Donald Trump and HUD Secretary Dr. Benjamin Carson co-authored an op-ed piece in the Wall Street Journal, addressing housing-industry talking points such as affordability, single-family zoning, opportunity zones, and [...]
Mortgage-Loan Delinquency Rates: Q2 2020 Snapshot
There was a climb of 8.22% in the delinquency rate for mortgage loans on one-to four-unit residential properties of all loans outstanding at the conclusion of the second quarter, according [...]
Almost 3 Million Homeowners May Not Qualify for COVID Relief
The Coronavirus Aid, Relief, and Economic Security (CARES) Act offered 12 months mortgage forbearance for COVID-19-impacted borrowers with federally backed residential mortgages—that's about 70% of all 48 million American homeowners with [...]
‘Dramatic Bounce Back’ Indicated in July Housing Health Report
Despite the coronavirus pandemic, housing activity keeps advancing, researchers say. Analysts say the growth, despite COVID's persistence, “indicates underlying consumer demand.” According to the BuildFax Housing Health Report for July, published this week, single-family housing [...]