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Lending (1519)

Nearly 7.4M Homes at Risk of Storm Surge Ahead of Hurricane Season

Nearly 7.4M Homes at Risk of Storm Surge Ahead of Hurricane Season

Thursday, 28 May 2020
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CoreLogic® released its 2020 CoreLogic Storm Surge report, revealing nearly 7.4 million single- and multifamily homes with more than $1.8 trillion in combined reconstruction cost value are at risk of storm surge and possible mandatory evacuation in the midst of a global pandemic. Read more...
Pandemic Worsens Housing Supply Shortage: First American

Pandemic Worsens Housing Supply Shortage: First American

Friday, 29 May 2020
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As more homeowners are reluctant to list their homes for sale amid the pandemic, the supply of homes available to potential home buyers continues to dwindle, says Mark Fleming, Chief Economist at First American. Read more...
Fannie Mae's Chief Economist Weighs in On Unemployment Report

Fannie Mae's Chief Economist Weighs in On Unemployment Report

Tuesday, 26 May 2020
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Initial claims for unemployment insurance were just under 2.4 million for the current reporting week (May 16). That represents a decline of 250,000 from the previous week’s downwardly revised number. Read more...
30-Year Mortgage Rate Dips to One Basis Point of All-Time Low

30-Year Mortgage Rate Dips to One Basis Point of All-Time Low

Monday, 25 May 2020
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Long-term U.S. mortgage rates have slipped, remaining near record lows. So reports MarketWatch. Read more...
Existing Home Sales Plummet Furthest Since 2010

Existing Home Sales Plummet Furthest Since 2010

Thursday, 28 May 2020
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U.S. sales of existing homes tumbled 17.8% in April, their largest one-month drop since a 22.5% plunge in July 2010. So reports the Associated Press. Read more...
Mortgage Delinquencies Spike by Record Amount in April

Mortgage Delinquencies Spike by Record Amount in April

Wednesday, 27 May 2020
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U.S. mortgage delinquencies had their biggest single-month increase on record in April. So reports USA Today. Read more...
Fannie, Freddie Look for Advisor in Next Step Toward IPO

Fannie, Freddie Look for Advisor in Next Step Toward IPO

Monday, 25 May 2020
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Fannie Mae and Freddie Mac have each notched another milestone on their way out of federal conservatorship by seeking a financial advisor. So reports 24/7 Wall Street. Read more...
Bodnar of MMG: Watching How States Reopen

Bodnar of MMG: Watching How States Reopen

Monday, 25 May 2020
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Bill Bodnar of The Mortgage Market Guide (MMG) says there is a lot of optimism about states reopening and the unofficial start of summer, and that is impacting the bond market. Read more...
Capital Levels Are An Issue with Some, Not With Others

Capital Levels Are An Issue with Some, Not With Others

Wednesday, 20 May 2020
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At MBALive, a remote event put on by the Mortgage Bankers Association, FHFA Director Mark Calabria underscored a point he has made numerous times over the last year. “We need to reform our mortgage finance system for the fundamental reason that we didn’t reform it after the last crisis. The root causes of the crisis,… Read more...
Real GDP Growth Expected to Contract Sharply in Q2: Fannie Mae ESR Group

Real GDP Growth Expected to Contract Sharply in Q2: Fannie Mae ESR Group

Friday, 22 May 2020
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Following a first quarter decline, real GDP growth is expected to contract even further in the second quarter due primarily to an unprecedented slowdown in consumer spending, according to the latest commentary from the Fannie Mae Economic and Strategic Research (ESR) Group. Read more...

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