The Federal Housing Finance Agency and the Treasury Department on Tuesday suspended certain provisions added to the Preferred Stock Purchase Agreements with Fannie Mae and Freddie Mac in January.
Mortgage purchase applications jumped to their highest level in five months as interest rates held steady for the third straight week, the Mortgage Bankers Association reported in its Weekly Mortgage Applications Survey for the week ending September 10.
CoreLogic, Irvine, Calif., said 4.4% of all mortgages in the U.S. were in some stage of delinquency in June, a 2.7-percentage point decrease in delinquency from a year ago but above the February 2020 pre-pandemic rate of 3.6%.
It’s already been a busy week for housing industry reports--and it's only Wednesday! Here’s a quick summary of some of those coming across the NewsLink desk.
Freddie Mac, McLean, Va., said its Apartment Investment Market Index turned positive in the second quarter as growing net operating incomes and low interest rates bolstered the multifamily investment environment.
Forbearance exits saw their fastest pace since March, the Mortgage Bankers Association reported Monday afternoon in its weekly Forbearance and Call Volume Survey.