Delinquency rates for mortgages backed by commercial and multifamily properties declined in September, the Mortgage Bankers Association’s latest monthly MBA CREF Loan Performance Survey reported.
Pending home sales continue to meet—and exceed—their potential, the National Association of Realtors reported yesterday.
The report said 1,975,116 homes in the United States with an associated reconstruction cost of more than $638 billion at elevated risk of wildfire damage. These homes represent 6.5% of the total number of U.S. homes.
Second quarter gross domestic product—initially reported at nearly minus 33 percent in July, then minus 31.7 percent in August—didn’t improve much in the Bureau of Economic Analysis final estimate yesterday.
Mortgage applications fell by nearly 5 percent for the week ending Sept. 25 from one week earlier despite the lowest 30-year fixed rate in the history of the Mortgage Bankers Association’s Weekly Mortgage Applications Survey.