Archives For: Industry Updates
Mortgage Delinquencies Continued to Drop in October, but Foreclosure Starts Inched Up
Mortgage delinquencies continued to drop during October, falling to just 3.74% of all loans, according to Black Knight’s First Look report.
22 Nov 2021
Fannie Mae Forecast Sees Fed Rate Increase in 2022; Offers Other Economic Predictions
Not surprisingly, inflation is a key forecast concern for the economy, according to the November 2021 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group, which predicts the Federal Reserve will likely move to raise rates in 2022.
22 Nov 2021
Black Knight’s First Look: Mortgage Delinquencies; Foreclosure Activity
Black Knight, Inc. reports the following “first look” at October 2021 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.
22 Nov 2021
Is the Housing Boom Ending?
New data from LegalShield reveals that consumers are shifting their focus away from real estate and home purchases toward accelerating inflation and a looming foreclosure crisis.
16 Nov 2021
Ginnie Mae Extends Features of Digital Collateral Program to Paper Mortgages
Ginnie Mae announced today in All Participants Memorandum (APM 21-07 that it is expanding the use of certain features found in its digital collateral program to paper mortgages
15 Nov 2021
Flush with Capital, FHA Resists Call to Cut Insurance Premiums
Despite a 14-year high of 8.03% for the capital ratio of the agency’s mutual mortgage insurance fund — stoked by the recovery of the reverse mortgage program — the FHA did not signal immediate plans in its annual actuarial report to cut insurance premiums.
15 Nov 2021
The Federal Government May Guarantee Mortgages of Nearly $1 Million
Fannie Mae and Freddie Mac will raise lending ceilings in the next few weeks, making it more straightforward for buyers of more expensive homes to obtain financing.
15 Nov 2021
Black Knight: Number of Mortgages in Forbearance Declines
Forbearance plan exit volumes increased week-over-week heading into November as the share of mortgage loans in forbearance fell below 2% for the first time since the early stages of the pandemic.
12 Nov 2021
Post-Moratorium Foreclosure Activity Rises Modestly
Foreclosure filings increased in the fourth month following the July 31 expiration of the pandemic related moratorium. ATTOM says those filings were up 5.0 percent in October compared to September with 20,587 properties the subject of a default notice, scheduled auction, or actual bank repossession.
12 Nov 2021
With Biden’s FHA Nominee in Limbo, Mortgage Market Grows Restless
President Biden’s nominee to head the Federal Housing Administration is stuck in limbo as the Senate battles competing priorities, frustrating many in the mortgage industry who are concerned about a lack of leadership at a critical juncture for the agency.
12 Nov 2021