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Lending (1495)

Foreclosure Starts Hit Lowest Level on Record: Black Knight

Foreclosure Starts Hit Lowest Level on Record: Black Knight

Thursday, 26 March 2020
Lending
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February’s mortgage delinquency rate ticked up slightly from January’s record low, but remained more than 15% below where they were at this time last year, according to a "first look" at February 2020 month-end mortgage performance statistics by Black Knight. Read more...
Mortgage Rates Spike to Highest Since January Despite Fed Cut

Mortgage Rates Spike to Highest Since January Despite Fed Cut

Tuesday, 24 March 2020
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Borrowing costs for home buyers jumped last week as lenders raced to keep up with refinancing applications amid turmoil in financial markets. That’s despite the Federal Reserve actually cutting its benchmark interest rate. So reports MarketWatch. Read more...
Homebuilding Falls in February, Led By Dip in Multifamily Units

Homebuilding Falls in February, Led By Dip in Multifamily Units

Friday, 27 March 2020
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A steep drop in construction of multifamily units drove a decline in U.S. homebuilding in February. So reports CNBC. Read more...
Refinances Drop But Remain Near Historic Highs

Refinances Drop But Remain Near Historic Highs

Sunday, 22 March 2020
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Refinance applications fell 10% in the most recent week tracked by the Mortgage Bankers Association, while mortgage applications decreased 8.4%. So reports USA Today. Read more...
Growth Shifting to Second-Time Homebuyers: Genworth Report

Growth Shifting to Second-Time Homebuyers: Genworth Report

Friday, 20 March 2020
Lending
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First-time homebuyer growth is turning a headwind into tailwind for the second-time homebuyer market. That’s according to Genworth Mortgage Insurance’s First-Time Homebuyer Market Report. The pool of potential second-time homebuyers increased for the first-time since 2008 to 8.3 million in 2019 and will grow by over three million in five years. Read more...
Refinances Jump to 10-Year High After Rates Tumble

Refinances Jump to 10-Year High After Rates Tumble

Wednesday, 18 March 2020
Lending
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As concerns about the coronavirus health emergency drive down interest rates, homeowners are rushing to refinance their mortgages. So reports CNBC. Read more...
European Banks Delay Mortgage Payments for COVID-19 Victims

European Banks Delay Mortgage Payments for COVID-19 Victims

Thursday, 19 March 2020
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Institutions in Italy and the United Kingdom have been working to push back mortgage payment deadlines for borrowers impacted by the coronavirus. So reports CNN. Read more...
What Does Surprise Cut from The Fed Mean for Mortgage Rates?

What Does Surprise Cut from The Fed Mean for Mortgage Rates?

Tuesday, 10 March 2020
Lending
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Last week, the The Federal Reserve made a surprise—between meetings—cut, lowering the fed funds rate by a half-point, to a range of 1% to 1.25%. How will this impact mortgage rates? Read more...
Gen Xers Denied Home Loans Most Often: Report

Gen Xers Denied Home Loans Most Often: Report

Friday, 13 March 2020
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The generation that faces home loan denials most often is Gen X, the cohort from 40 to 54 years old, according to a new survey by the National Association of Realtors. So reports Yahoo Finance. Read more...
U.S. Housing Market is Short by 3.3M Units: Freddie Mac

U.S. Housing Market is Short by 3.3M Units: Freddie Mac

Thursday, 12 March 2020
Lending
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According to a new research report by Freddie Mac, the U.S. housing market is undersupplied by an estimated 3.3 million units, a shortage that’s rising by roughly 300,000 units annually. So reports Yahoo Finance. Read more...

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