The Federal Housing Finance Agency released its fourth quarter 2019 Foreclosure Prevention and Refinance Report, which shows Fannie Mae and Freddie Mac completed 25,930 foreclosure prevention actions, bringing to 4.407 million the number of troubled homeowners who have been helped during conservatorships.
Category: News and Trends
ATTOM: Home Affordability Reaches Two-Year High
ATTOM Data Solutions, Irvine, Calif., said owning a median-priced home in the first quarter– costing $252,500 – consumes 31.1 percent of the national average wage, down from 31.4 percent in the fourth quarter and 31.6 percent a year ago to the lowest percentage since fourth quarter.
MBA Launches COVID-19 Members-Only Online Network
The Mortgage Bankers Association launched a new members-only online network, MBA’s COVID-19 Residential Policy Community.
Mortgage Applications Tumble in MBA Weekly Survey
Mortgage applications took a tumble this week as key interest rates jumped to their highest level since January amid increased economic turmoil, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending March 20.
MBA, Trade Groups Ask Treasury to Delay Like Kind Exchange Deadlines
The Mortgage Bankers Association and other industry trade groups this week asked the Treasury Department and the Internal Revenue Service to delay deadlines applicable to like-kind exchanges currently underway to ensure liquidity in real estate markets during the coronavirus pandemic.
MBA Mortgage Action Alliance Issues ‘Call to Action’ to Support Federal RON Legislation
The Mortgage Action Alliance, the grassroots advocacy arm of the Mortgage Bankers Association, issued a “Call to Action” this week in support of recently introduced legislation that would allow notaries in states without enacted remote online notarization laws to perform RON transactions.
Matt Hansen: New-Era ‘What-if’ Scenarios
The pandemic is evolving rapidly, requiring businesses to respond quickly. By this point, most lenders have confirmed employee well-being and transitioned workers to remote environments where possible. For their next move, lenders need to start playing an aggressive game of “what if.”
Redfin: 44% of Home Buyers, Sellers See Drop in Home Prices in Recession
Just one-third of home buyers and sellers expect home prices to increase when the next recession hits, according to Redfin, Seattle.
Mortgage Applications Tumble in MBA Weekly Survey
Mortgage applications took a tumble this week as key interest rates jumped to their highest level since January amid increased economic turmoil, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending March 20.
Black Knight ‘First Look:’ Foreclosure Starts Lowest Level on Record; February Delinquencies Up Slightly
Black Knight, Jacksonville, Fla., said February foreclosure starts fell 25% from January and 20% from a year ago, reaching their lowest level on record since it began publicly reporting the metric in 2000.