Home purchasing activity among investors is on the rise, said CoreLogic, Irvine, Calif., with small investors picking up the slack.
Category: News and Trends
Remodeling Forecast Say Spending Growth to Slow
The Joint Center for Housing Studies of Harvard University, Cambridge, Mass., said annual gains in homeowner spending on improvements are expected to moderate across more than half of the nation’s largest metropolitan areas in 2019.
Black Knight: Delinquency Rates Down 3rd Straight Month; Prepayments Double
Black Knight, Jacksonville, Fla., said mortgage delinquencies fell for the third straight month in May as prepayment activity doubled over the past four months.
FHFA: GSEs Sell $22.2B in Non-Performing Loans in 2018
The Federal Housing Finance Agency released its report 2018 Enterprise Non-Performing Loan Sales Report, showing Fannie Mae and Freddie Mac sold 117,466 NPLs with a total unpaid principal balance of $22.2 billion through Dec. 31.
ATTOM: Completed Foreclosures Down 50% from Year Ago
ATTOM Data Solutions, Irvine, Calif., reported 56,152 foreclosure filings in May, up by 1 percent from April but down by 22 percent from a year ago. Additionally, it said completed foreclosures fell by 50 percent from a year ago.
Quicken, HUD Settle Lawsuit
A federal mediator on Friday said HUD and Quicken Loans Inc., Detroit, settled an acrimonious lawsuit accusing Quicken of violating the False Claims Act.
30% Of Americans Still Living Week-to-Week; 47 Million ‘Worse Off’ Now Than Before Recession
Despite a broad economic expansion following the Great Recession, lack of savings paints a disconcerting picture about financial preparedness in America, said Northwestern Mutual, Milwaukee, with nearly a third of U.S. adults within three paychecks of needing to either borrow money or skip paying one or more bills.
Institutional Investors Lower Their Expectations
Institutional investors lowered their expectation for commercial real estate returns, the Pension Real Estate Association’s Consensus Forecast Survey reported yesterday.
MBA, Trade Groups Urge CFPB to Raise HMDA Reporting Threshold
The Mortgage Bankers Association and a half-dozen other industry trade groups urged the Consumer Financial Protection Bureau to increase the threshold for reporting Home Mortgage Disclosure Act data on closed-end mortgage loans.
CoreLogic: Foreclosure Inventories at 20-Year Low
CoreLogic, Irvine, Calif., said 4% of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure) in March, an 0.3 percentage point decline from a year ago to the lowest March rate in 13 years.