Mortgage credit loosened the fourth straight month in October
However, it remains 30% tighter than pre-pandemic levels, according to the Mortgage Bankers Association.
New Jersey, Illinois dominate markets most vulnerable to foreclosure
Counties in the West faced the least risk from pandemic distress in the third quarter, according to Attom Data Solutions.
Foreclosure starts surged in September
Following the federal moratorium’s end, the number jumped, marking the highest quarterly growth on record, according to Attom Data Solutions.
Pessimism about the housing market grew in September
The share of borrowers who thought it was a good time to buy hit an all-time low, according to Fannie Mae.
Forbearances down nearly 200K in a month as huge drop-off approaches
Although over 1.5 million forborne borrowers remain, a fifth could exit their plan in the next week, according to Black Knight.
Housing inventory reaches 2021 peak in September
More for-sale homes hit the market than at any point this year but a turning point may lie ahead, according to Realtor.com.
Half of individual investors pessimistic about housing market: survey
The home price increases and the ongoing inventory shortage made buying conditions difficult and many think it’s only getting more challenging, according to RealtyTrac.
Mortgage payments have jumped nearly twice as high as rents
Southwestern housing markets had the largest annual changes in median monthly home loan payments, with one increasing more than 30%, according to Redfin.
Mountain states led home price growth for 4 years
Meanwhile, property values across the U.S. have increased for 40 quarters in a row, according to the Federal Housing Finance Agency.
Report finds racial bias in mortgage AI decisioning, MBA fires back
Despite “color blind” underwriting algorithms, loan denial rates on mortgages that were not backed by the Federal Housing Administration and the VA skewed heavily toward minority groups, according to a study by The Markup.
Fannie Mae to include rent payments in underwriting
The expanded credit access in its automated mortgage decisioning goes into effect in mid September.
Buyers and sellers grew pessimistic about the housing market in July
Tight inventory and heightened competition kept prime purchasers at bay as property values continued their summer surge, according to Fannie Mae.
Bitcoin mortgage payment legislation proposed in Spain
The regulation of cryptocurrencies gains momentum abroad while a number of hurdles must be cleared before lenders and banks can handle them at scale in the U.S.
Scared home sellers boost affordable housing inventory
Concerns about foreclosure and a crowded market led to an increase in listings at lower price points in the second quarter.
Investors bought more single-family homes than ever in 2Q
Soaring home prices and the abundance of all-cash offers that the deep-pocketed can afford makes home buying even harder for the average borrower, according to a Redfin report.
New-home loan volume drops to 13-month low in June
Meanwhile, the average new-home mortgage price climbed to a new all-time high, according to the Mortgage Bankers Association.
Bidding wars lessen in June as buyer fatigue hits housing market
Competition amongst those shopping for homes fell for the second straight month as surging prices pushed consumers to the sidelines and inventory saw modest gains, according to Redfin.
June’s mortgage lending activity rebounds after two atypical months
Boosts in purchases and cash-out refinances drove the summer turnaround, according to Black Knight.
Commercial and multifamily lending outlook turns positive in 2Q
Growing CRE mortgage volumes raised the bar for the coming year despite lingering concerns, according to the CRE Finance Council.
While volume dropped, new-home loans hit a price record in May
Demand was strongest at the high end of the market, which pushed loan amounts up for the fourth straight month.
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