'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.
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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.
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Home Prices Could Dip for First Time in Years
Low supply of homes coupled with lower mortgage rates could shield home price growth from the impacts of the current economic uncertainty. Still, Americans might be in for the first home price decrease in nine years.
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Where Delinquency Rates Are Headed
In May, 7.3% of mortgages were at least 30 days late, according to CoreLogic. The cause? Reverberations of the recession on loan performance.
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Bidding Wars Continue Over Most Homes on the Market
Record low mortgage-rates prompt bidding wars for potential homebuyers.
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Housing Advocates Weigh in on Eviction Executive Order
President Donald Trump on Saturday signed an executive order he said would protect Americans from eviction, along with other items.
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'Echo Wave' of Forbearance Expirations Predicted
Black Knight reveals the number of active forbearance plans fell this last week, with more than 75% of loans that are currently in active forbearance facing extension plans.
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Less Consumer Spending Leads To Big Household-Debt Decline
Total household debt decreased for the first time since 2014 in Q2, including the steepest decline in credit card balances seen in the history of the data.
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Mortgage Credit Availability and Equity Richness on the Rise
Mortgage credit availability is on the rise while more residential properties moved into a state of equity richness according to a pair of data reports issued today.
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Big Four U.S. Banks Report Widespread Loan Deferral
As homeowners and other borrowers seek debt relief during the coronavirus pandemic, America’s four largest banks report at least $151.5 billion in loans with payments in deferral at midyear, Bloomberg L.P. reported.
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