Mortgages

Forbearance rose for the first time since October 2022 in one report. Delinquencies jumped from a near-record low in another. Experts debate the ramifications.

Sales of new U.S. homes unexpectedly declined for a second month in June as the mix of stubbornly high mortgage rates and prices deterred prospective buyers. 

While the number of refinances saw a small uptick last week, purchase lending languished as housing costs keep buyers sidelined, the Mortgage Bankers Association said.

Climate change is leading to an increase in frequency of catastrophic weather events, causing property damage and issues with homeowners insurance.

Sluggish gain-on-sale margins however were the result of competitive pricing in the market, the company said.

A run-up in mortgage rates and a constrained resale market has enabled builders to capitalize on the fractured U.S. housing landscape.

Nearly 56,000 home-purchase agreements were voided in June with the underlying cause likely affordability, a Redfin report claims.

Lower inflation and a slowing jobs market is the driver of the new forecast, but housing will not see any immediate benefits.

Institutional investors have an opportunity to "do well while doing good" while advancing a flagship public/private partnership model writes the Chief Growth Officer of Rocktop.

Contract closings decreased 5.4% from May to a 3.89 million annualized rate, data released Tuesday from the National Association of Realtors show.

The state with the highest mortgage delinquency change between Q4 2023 and Q1 2024 saw a change of 23.87%.

Issues or errors in closing-protection letters appeared in over 45% of loans, a record-high share, according to Fundingshield.

Iannitti co-founded the document company in 1987 and later took a leading role in promoting eMortgage process adoption.

Test your knowledge of the biggest mortgage headlines, from international buying trends to NTRAPs. No. 2 pencil not required!

The new law, which went into effect on July 19, also has provisions that deal with heirs property, an issue that clouds ownership.

The former president's running mate pick has garnered national attention, partially for his controversial suggestion to deport 20 million people as a solution to the lack of housing inventory.

Both Vanguard Group Inc. and Fidelity International have said a Republican sweep in November would pose the greatest risk to bonds by expanding Trump's ability to implement his agenda, some of which is also expected to contribute to higher inflation.

The Department of Housing and Urban Development and the Nationwide Multistate Licensing System also reportedly had disruptions.

The election reflects a battle between two administrations that have had different philosophies on risk sharing the GSEs do with private investors.