FHFA: GSEs Complete 97,000 2nd Quarter Foreclosure Preventions
The Federal Housing Finance Agency released its second quarter Foreclosure Prevention and Refinance Report, showing Fannie Mae and Freddie Mac completed 96,945 foreclosure prevention actions during the quarter, raising the total number of homeowners who have been helped to 6,591,002 since start of conservatorships in September 2008.
Black Knight: August Mortgage Delinquencies Near Record Low
Black Knight, Jacksonville, Fla., said mortgage delinquencies fell in August to near record lows, although foreclosure starts increased by 15 percent from July.
Staying Put: 85% of Homeowners with Mortgages Have Rate Far Below Current Level
With mortgage interest rates pushing well above 6 percent—the Mortgage Bankers Association on Wednesday reported 30-year rates up by 24 basis points to 6.25%–a growing number of homeowners are reluctant to sell because they have a lower rate locked in, said Redfin, Seattle.
2Q Home-Flipping Rate Declines Following Year of Increases
ATTOM, Irvine, Calif., released its second-quarter U.S. Home Flipping Report, showing 115,198 single-family houses and condominiums in the United States flipped in the second quarter.
Trepp: Interest Rates Hit 2Q Life Insurance Mortgage Returns
Trepp LLC, New York, said life insurance company commercial mortgage investments fell again in the second quarter, largely due to increasing interest rates.
