The Trump administration said it will use its quarantine authority to keep renters in their homes during the coronavirus pandemic as a way to prevent an eviction crisis that could worsen economic strains. Bloomberg first reported the news. The Centers ...
Read More »Fannie Mae Updates on Single-Family Delinquency Rate
Fannie Mae Conventional Single-Family Serious Delinquency Rate increased 59 basis points to 3.24% in July. One year earlier, this serious delinquency rate was 0.67%. In weighing serious delinquency rates based on vintage, the highest level of problematic loans was in ...
Read More »The State of Americans’ Credit
According to the latest Invest in You Survey conducted by CNBC and Acorns in Partnership with SurveyMonkey, Americas are rethinking their spending habits. Specifically, the survey shows that all across the nation, residents are tightening their purse strings and focusing on saving ...
Read More »CFPB Report: Effects of COVID-19 on Mortgage Loans, Other Debt
The Consumer Financial Protection Bureau (Bureau) this week issued a report examining the effects of the COVID-19 pandemic on consumer credit through June. The report focused on mortgage, student and auto loans, and credit card accounts since March. Based on ...
Read More »Forbearance Survey: Certain Borrowers ‘Disproportionately Impacted’
Fannie Mae and Freddie Mac loans in forbearance dropped while private loans and those owned by Ginnie Mae experienced an increase, according to the Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey. The total number of loans now ...
Read More »Limiting Mortgage Servicing Risk in Turbulent Times
As the nation continues struggling with concurrent health and economic crisis, mortgage lenders and servicers are working to assess creditworthiness and anticipate potential risk among aspiring homebuyers.
Read More »This Week’s Housing and Economic Report
Annualized in Q2 2020, the gross domestic product, adjusted for inflation, plummeted 31.7%, according to the second estimate from the Bureau of Economic Analysis. That’s a bit better than the advance estimate of a 32.0% drop annualized. Private inventories, consumer spending, business ...
Read More »Where Zombie Properties Are Accumulating
A new report indicated that 1.6 percent of all homes in the U.S. are vacant, numbering 1,570,265 residential properties, with 7,960 or 3.7% of those vacant properties in the process of foreclosure, otherwise known as “zombie foreclosures.” That is according ...
Read More »The Week Ahead: Update on Unemployment
On Wednesday, September 2, the U. S. Bureau of Labor Statistics will release its monthly update on Unemployment in States and Local Areas. The report will include monthly and annual-average estimates of civilian labor force, employed people, unemployed people, and ...
Read More »Single-Family Rental Investment Amid COVID-19
An industry expert discusses the challenges facing SFR investors, as well as how the industry is innovating during the pandemic
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