Inside Mortgage Finance, April 11, 2024–Namrata BhatiaThe share of refis with MI coverage in the agency MBS market grew from 10.3% in the fourth quarter of 2023 to 14.6% in …
Category: Top National News
The Hidden Costs of Homeownership Are Skyrocketing
The Wall Street Journal, April 10, 2024-Nicole FriedmanDarren Gondry has owned his four-bedroom home near a golf course in Louisville, Ky., since 2004. He and his wife, Lori Gondry, paid …
Survey Results a Good Sign for Home Equity Lending
Lending News, April 8, 2024Survey results from first mortgage behemoth Fannie Mae about consumer rate expectations are a good sign for originators of home-equity lending products.Click here for more
Door Opens to Flip a House for Yourself, Not Profit
Banker And Tradesman, April 14, 2024–Lew SichelmanHigh mortgage rates, soaring house prices and rising construction costs have driven many flippers – investors who purchase run-down houses, fix them up and …
Squatting Map Shows Cities With Highest Number of Homes Taken Over
Newsweek, April 3, 2024-Khaleda RahmanAs the issue of squatting comes under scrutiny following recent reports of clashes between homeowners and people unlawfully occupying their property, a map shows where the …
Shrinkflation Is So 2022. Now Americans’ Appetites for Big Cars and Houses Is Shrinking.
The Wall Street Journal, April 4, 2024-Spencer JakabShrinkflation wasn’t the word of the year in 2023. That was “authentic,” according to Merriam-Webster, but the term for companies selling a smaller …
Housing Market 2024: 5 States With the Highest Foreclosure Rates
Yahoo! Finance, April 5, 2024-Gabrielle OlyaForeclosure rates are on the rise. As of February, there were nearly 33,000 properties in foreclosure, an 8% increase from the year prior, according to …
Purchase Loan Credit Scores Hit Highest Point in 6 Years
National Mortgage News, April 8, 2024-Bonnie SinnockThe average credit score for financing taken out to purchase homes soared in March, according to Optimal Blue’s latest report on rate-locked loans.Click here for …
U.S. Jobs Report Reaction: Not Too Hot, Not Too Cold
MPA, April 8, 2024-Candyd MendozaThe March jobs report delivered a surprise, with total nonfarm payroll employment increasing by 303,000, exceeding consensus forecasts of 200,000 job gains. Click here for more (subscription)
What the Shift Toward Deferrals Means for Mortgage Servicing
National Mortgage News, March 27, 2024-Bonnie SinnockPayment deferrals that became widely utilized in the government-sponsored enterprise market during the pandemic are gaining on modifications, suggesting part of the pandemic’s legacy …