Prepayments Up, Seriously Delinquent Loans Fall to 2006 Levels
The number of serious delinquencies (90-days or more past due) dropped to 471,000 units, the lowest since August 2006, and a 177,000, or 27%, year-over-year. Source: DS News
Economic Pessimism Forcing Lenders to Prioritize Cost-Cutting Measures
Mortgage lenders cited "cost-cutting" as their most important business priority for the second year in a row, according to Fannie Mae's Mortgage Lender Sentiment Survey. Additionally, lender sentiment toward the [...]
Investor Purchases Propel the SFR Market
A new study from the Harvard Joint Center for Housing Studies details eight key traits the single-family rental market has exhibited over the past two decades, highlighting the importance of [...]
The Week Ahead: Navigating the Next REO Wave
The Five Star Institute, in conjunction with the National REO Brokers Association, has assembled a panel of experts to detail how the REO industry is bracing for an uptick in [...]
Banks to Combine Adverse Climate Scenarios and Market-Recognized Metrics
In a first for American financial institutions, large banks must report their exposure to climate change by July 31. Source: DS News
Existing-Home Sales Slip in June
Existing-home sales fell in June, as all four regions recorded year-over-year sales declines, according to NAR, with the South and West posting the largest decreases. Source: DS News
Purchase Apps Down 21% YoY
High mortgage rates have pushed monthly mortgage payments to a record $2,656, as slightly lower rates may escalate competition for the limited number of homes available and push up prices [...]
CFPB Highlights the Prevalence of Employer-Driven Debt
A new Bureau analysis details the popularity of employer-driven debt, including the challenges workers and consumers face when they become indebted to an employer or an employer’s affiliate as a [...]
HUD Receives Grade o A+ on the SBA’s Small Business Procurement Scorecard
“Contracting with the federal government represents an important opportunity for small businesses,” said HUD Secretary Marcia L. Fudge. “This achievement demonstrates HUD's commitment to partnering with small businesses and ensuring [...]