Category: News and Trends

Black Knight, Jacksonville, Fla., said lower interest rates and the spring home buying seasons have led to overall prepayment activity more than doubling over the past four months to the highest level seen since late 2016.

The fastest-growing cities in the United States saw substantial declines in affordable housing units between 2010 and 2017, said Freddie Mac, McLean, Va.

The Consumer Financial Protection Bureau yesterday extended the comment period on its Advance Notice of Proposed Rulemaking relating to the Home Mortgage Disclosure Act.

President Trump yesterday signed an Executive Order establishing the White House Council on Eliminating Barriers to Affordable Housing, and named HUD Secretary Ben Carson as its chair.

The Harvard University Joint Center for Housing Studies’ State of the Nation’s Housing report said overall rents rose at a 3.6 percent annual rate in early 2019, twice the pace of overall inflation.

Home purchasing activity among investors is on the rise, said CoreLogic, Irvine, Calif., with small investors picking up the slack.

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, Jacksonville, Fla., said mortgage delinquencies fell for the third straight month in May as prepayment activity doubled over the past four months.

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 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.