United Van Lines, St. Louis, released its 45th Annual National Movers Study, showing Americans were on the move to lower-density areas and to be closer to their families throughout last year.
Category: News and Trends
Housing Affordability Concerns Intensify
Reports from First American Financial Corp., Santa Ana, Calif., and ATTOM, Irvine, Calif., show rising home prices and inflation are taking a bigger bite out of housing affordability entering the new year.
MBA Chart of the Week Dec. 23 2021: Percent of Current Loans
According to the MBA Monthly Loan Monitoring Survey, the share of loans in forbearance dropped to 1.67 percent of servicers’ portfolio volume as of November 30, after climbing to a monthly peak of 8.53 percent as of May 31, 2020. As many borrowers have moved out of forbearance and into permanent loan workout solutions since 2020, the question becomes: How are they faring?
FHFA Finalizes 2022-2024 Single-Family, 2022 Multifamily Housing Goals
The Federal Housing Finance Agency released benchmark levels for Fannie Mae and Freddie Mac single-family housing goals for 2022 through 2024 and benchmark levels for multifamily housing goals for 2022.
FHFA: GSE Delinquency Rate Falls to 1.55%
The Federal Housing Finance Agency released its third quarter Foreclosure Prevention and Refinance Report, showing Fannie Mae and Freddie Mac completed 180,566 foreclosure prevention actions during the quarter, raising the total number of homeowners who have been helped to 6,210,485 since the start of conservatorships in September 2008.
FHFA: Freddie Mac Fails 2020 Low-Income Refi Goal; GSE Guarantee Fees Fall
The Federal Housing Finance Agency announced final determinations for Fannie Mae/Freddie Mac performance on their 2020 housing goals, saying Freddie Mac failed to meet a key goal.
Quote
“The average wage earner can still afford the typical home across the United States, but the financial comfort zone continues shrinking as home prices keep soaring and mortgage rates tick upward.”
–Todd Teta, chief product officer with ATTOM, Irvine, Calif.
CFPB, DOJ Issue Joint Letters on Servicemember/Veterans’ Rights
The Consumer Financial Protection Bureau and the Department of Justice on Monday issued two joint letters Monday on legal housing protections for military families.
MBA Loan Monitoring Survey: Mortgage Loans in Forbearance Fall to 1.67%
The Mortgage Bankers Association’s new monthly Loan Monitoring Survey reported loans now in forbearance decreased by 39 basis points to 1.67% of servicers’ portfolio volume as of November 30 from 2.06% in October. MBA estimates 835,000 homeowners remain in forbearance plans.
Survey Details Lenders’ ‘Substantial’ Risk, Compliance Concerns
Regulatory compliance and risk concerns remain elevated in a number of key areas for U.S. banks and credit unions, according to results of Wolters Kluwer’s 2021 Regulatory & Risk Management Indicator survey.