Mortgages

Three percent of all mortgages were 30 or more days past due on their scheduled payment or in foreclosure in July.

SPCPs are posed as an equitable housing solution but hesitation and confusion about them is persistent in the mortgage industry, housing finance experts said.

The 30-year fixed rate is now at levels last seen in the summer of 2007, according to data from Freddie Mac.

U.S. pending home sales fell in August for the seventh time this year, extending the housing market's downturn as high borrowing costs sideline prospective buyers.

The mortgage company plans to buy some of this servicing and also invest in building out technology and default services, Chairman and CEO Jay Bray told attendees at an industry conference.

Over 1 million single-family and multifamily homes along the coast are at risk of storm surge damage.

The recent spike in interest rates has also led to elevated ARM activity, which accounted for over 10% of all applications.

The partnership allows prospective borrowers to upload bank or payroll information and work with loan officers online through the signing process.

While the agency affirmed the bank's current high ratings, it also cited instances of noncompliance, which led to the downgrade.

U.S. sales of new homes unexpectedly rose in August, representing a break in an otherwise rapid descent this year for a housing market still at risk of further deterioration as mortgage rates climb.

The decline was "widespread" impacting eight of the nine U.S. census divisions, according to the Federal Housing Finance Agency.

Investor activity in the housing market has had a nominal impact on the cost of housing, the head of the National Rental Home Council writes, citing research by one of the government-sponsored enterprises. Supply-demand imbalance is the primary driver of price appreciation, he argues.

The Federal Housing Administration also announced it would incorporate similar borrower history into its underwriting beginning at the end of October.

The deal with American Mortgage Services Co. comes as originations continue to slow. However, lower valuations may be limiting current M&A activity, according to some experts.

The shift to working from home drove more than half of the increase in house and rent prices during the pandemic and will likely drive up costs and inflation going forward as the shift becomes permanent, according to research from the Federal Reserve Bank of San Francisco. 

When voters in Oakland, Berkeley and South San Francisco receive ballots in the mail next month, they'll be asked whether their cities should be allowed to help build more desperately needed affordable housing.

Mortgage rate shock and increased choice continued to drive more than 15% of homebuyers to back out of deals in the latest month's numbers.

The four depositories with the highest volumes wrote more than sixty million dollars in loans combined in Q2.

These refinance transactions are being driven by the homeowner's need for cash, according to Black Knight