The Mortgage Bankers Association on Friday reported the delinquency rate for mortgage loans on one-to-four-unit residential properties fell to 6.38 percent of all loans outstanding, seasonally adjusted, at the end of the first quarter.
On Wednesday, Fannie Mae and Freddie Mac published a lender letter and bulletin, respectively, providing more details on the new refinancing option for low-income borrowers announced last week by FHFA. Also last week, FHFA announced finalization of a proposed rule that would require the GSEs to develop resolution plans, or “living wills.”
In the days ahead of last Friday’s employment report from the Bureau of Labor Statistics, prognosticators went big, with consensus anticipating nearly one million new April jobs and even one economist confidently predicting 2.1 million new jobs. Alas, nearly everyone was wrong.
The Research Institute for Housing America, MBA’s think tank, released updated first-quarter results that allow us to assess how renters, mortgagors and student loan borrowers fared over the first 12 months of the COVID-19 pandemic.
The U.S. industrial market “shows no signs of slowing down,” with record-high asking rents and development activity and low vacancy levels, reported CBRE, Dallas.