U.S. subprime prices outside of the notorious 2007 vintage continued to show notable signs of a significant rebound in the latest month, according to a Fitch credit default swap index. Overall, the Fitch Subprime Total Market Price index showed a 7% month-to-month increase to 8.71% as of May 1. The 2007 vintage is still down 9% on the year, but since Jan. 1 the 2005 and 2006 vintages have gained by 36% and 22%, respectively.
Housing advocates and compliance firms are suing to block a rule from the Consumer Financial Protection Bureau that they say guts the Equal Credit Opportunity Act.
June could be the true test for delinquencies and how many distressed borrowers impacted by a shift in Federal Housing Administration rules will reperform.
The Federal Reserve Board governor is the latest Fed official to embrace the prospect of tighter monetary policy in response to rapidly rising prices that have taken hold in recent years.
All-cash home purchases hit a six-year March low of 28.9%, as a buyer-friendly market reduced the need to use cash to stand out, with sellers outnumbering buyers by a record-near margin, Redfin found.
Property taxes are up 30% since 2019, driven by pandemic-era home value gains. Mortgage borrowers pay more than those without a loan, and experts say relief is unlikely anytime soon.
The Federal Deposit Insurance Corp. said banks earned stronger profits and expanded lending in the first quarter of 2026, but at the same time margins shrank and unrealized losses have been increasing.
