Google+
  • Ocwen2.77-0.01 -0.36%
  • Zillow51.04+1.78 +3.61%
  • Trulia47+0 +0%
  • NationStar17.90+0.07 +0.39%
  • CoreLogic43.35+0.61 +1.43%
  • RE/MAX56.50+0.95 +1.71%
  • Fannie Mae2.38+0.04 +1.49%
  • Freddie Mac2.28+0.04 +1.56%
  • Wells Fargo52.45-0.04 -0.08%
  • CitiMortgage63.41-0.21 -0.33%
  • Bank of America22.82-0.11 -0.48%
  • Fidelity National Financial44.58+0.43 +0.97%
  • First American45.43+0.37 +0.82%
  • Black Knight Financial Services39.80-0.30 -0.75%
  • AUDUSD=X0.7566+0.0026 +0.3422%
  • USDJPY=X111.2600-0.0240 -0.0216%
Home | Author Archives: Aly J. Yale

Freddie Fattening Up

Freddie Mac’s belt is getting a little bit tighter as its portfolio increases yet again. But while it certainly rose over last month, the portfolio’s growth is nothing compared to a few months prior. So what does that mean for the long-term health of the GSE?

Read More »

Defaults: How Low Can They Go?

The overall rate of default in the U.S. has hit its lowest point in five months, but not every product is seeing a drop. Which ones are experiencing steep declines and which are on the rise? Read on to find out.

Read More »

How Many Home Shoppers Are Renters?

It seems renters may finally be setting their sights on homeownership, if a new analysis released on Thursday rings true. In the first quarter of this year, the share of home shoppers who were either non-homeowners or renters rose noticeably over recent years. But what could it mean for investors and lenders? And will the uptick continue?

Read More »

Agencies Release CRA-Eligible List

Close to 5,000 U.S. areas are eligible for consideration under the Community Reinvestment Act (CRA), according to a list released by several government agencies on Wednesday. The Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Board of Governors of the Federal Reserve System released their joint list of distressed or underserved nonmetropolitan middle-income geographies today, which pinpoints the thousands of low- and moderate-income CRA-eligible communities across the nation. Enacted in 1977, the Community Reinvestment Act encourages banks to better meet the needs of the communities in which they operate.

Read More »

Risk of Default Jumps in Q1, Q2

Overall default risk is up, according to an index released on Tuesday. Up 25 points over fall 2016’s numbers, risk of default is rising that’s to higher mortgage rates and tightening monetary conditions. The risk will likely continue its upward climb too, especially if the Federal Reserve raises rates again—as expected—later on in the year. According to the report, investors and lenders can expect today’s loans to hold a 6 percent higher risk of default than loans of the 1990s.

Read More »

Lenders Loosen Risk Standards as Rates Rise

According to a new report, mortgage lenders are taking increased credit risks similar to those of the early 2000s, Released on Tuesday, the report shows that tThe level of credit risk taken by lenders in Q1 of 2017 was about the same as the average risk taken between 2001 and 2003. The shift is likely a result of declining refinances, rising mortgage rates, and an increased share of investor, condo, and co-op purchases.

Read More »

Builder Confidence Shaky as Labor, Lot Shortages Continue

Home builders are plagued with labor and lot shortages, and it’s causing their confidence in the single-family market to waver, according to new data released this week. Overall, builder confidence in the single-family residential market has dropped by two points in June. Single-family production fell 3.9 percent for the month of May, while multifamily construction dropped 9.7 percent. Overall, housing starts declined 5.5 percent across the nation.

Read More »

Price Gap Widens Between Priciest, Most Affordable Metros

According to a new report issued on Friday, home price appreciation rates are disparate between the nation’s most and least expensive cities—and that gap is only widening. While 16 percent of U.S. markets have seen housing prices jump 40 percent since the year 2000, another 30 percent of cities actually saw prices decline over the same period. Despite the discrepancy, nominal prices rose in 97 out of the nation’s 100 biggest metro areas last year due to high demand and tightening supply. As a result, affordability is on the downslope across the nation; an estimated 19 million households spent more than half of their income on housing.

Read More »
Scroll To Top