Quote: Feb. 17, 2023

“As expected, the overall national mortgage delinquency rate increased in the fourth quarter of 2022 from its previous quarterly survey low. The weaker economy and ongoing inflationary pressures contributed to the uptick in delinquencies. The delinquency rate – while still low – increased from the previous quarter across all loan types and across all stages of delinquency.”
–Marina Walsh, CMB, MBA Vice President of Industry Analysis.

FHA Seeks Input on 203(k) Rehab Mortgage Insurance Program

The Federal Housing Administration this week published a Request for Information in the Federal Register seeking public comments on ways it can enhance its Single-Family 203(k) Rehabilitation Mortgage Insurance Program.

Home Builder Optimism Rises 2nd Straight Month

Home builder sentiment rose by seven points in February, the National Association of Home Builders said Wednesday, to its highest levels since September and signaling optimism going into the spring home buying season.