Mortgage Daily, Aug. 17, 2017The government-funded refinance program for borrowers on government-sponsored enterprise mortgages with little equity has been extended despite fading activity.
Category: Top National News
Mortgage Refinance Forecast Raised Over $40 Bil
Mortgage Daily, Aug. 17, 2017The latest real estate finance forecast has mortgage refinance production for this year and next year up by more than $40 billion from what was expected a month ago.
The 2008 Financial Crisis: How It All Began
Wall Street Journal, Aug. 17, 2017 (subscription)In August 2007, the first blow was struck that shattered everything American investors thought they knew about markets.
TransUnion: Mortgage Delinquencies Hit New Post-Recession Low
HousingWire, Aug. 16, 2017–Kelsey RamirezMortgage delinquencies are continuing to fall, hitting a new low in the second quarter, a report from TransUnion–one of the three largest credit-reporting agencies in the U.S.–showed.
Mortgage Lender Loses Appeal in MA Foreclosure Case
Mortgage Daily, Aug. 16, 2017–Thomas O’Neill; Melissa Bruynell ManesseThe Massachusetts Supreme Judicial Court held that its ruling in Pinti v. Emigrant Mortgage Co.”applies in any case where the issue was timely and fairly asserted in the trial court or on appeal before July 17, 2015.”
WSJ’s Daily Shot: Are US Homes Overvalued?
Wall Street Journal, Aug. 17, 2017–Lev BorodovskyBased on the disposable income per capita (or per employee) metric, U.S. home prices are roughly in line with historical averages. But Other measures suggest that homes are already overvalued.
U.S. Mortgages Outstanding Grow, HELOCs Shrink
Mortgage Daily, Aug. 15, 2017On a quarterly basis, the nation’s book of mortgages expanded, though home-secured credit lines contracted. Mortgage delinquency improved.
Second-Mortgage Default Rate Gets a Hair Higher
National Mortgage News, Aug. 15, 2017 (subscription)Both first- and second-lien mortgage default rates last month were higher than in June, and second-lien defaults also edged up from where they were a year ago.
S&P/Experian: Mortgage Default Rate at Lowest Level in a Decade
HousingWire, Aug. 15, 2017–Brena SwansonDespite a slight increase in July, the default rate for first mortgage loans still sits at its lowest point in the last 10 years, according to the latest S&P/Experian Consumer Credit Default Indices.
Anchors Away! The Good News About Big-Box Closings
Commercial Property Executive, Aug. 15, 2017–Daniel HalprinThe departure of a department store or big-box retailer may actually represent an opportunity for landlords.