Mortgages

A ClimateCheck score measures the risk of disaster at the zip-code level over the period of a 30-year mortgage.

Despite declining rates, refinancing volume fell, while purchases slowed even further after dipping to its lowest point in over a year.

President Joe Biden quelled for now a brewing confrontation with progressive Democrats with a new moratorium on evictions during the pandemic, but the order invites a legal fight with high-stakes consequences for public health that the government may well lose.

The deal comes just days after Figure closed on a capital raise that valued it at $3.2 billion.

The municipalities are based in New York, which has the highest volume of such properties across the U.S.

The gain on sale in the retail channel dropped by more than half annually, as the wholesale and joint venture channel endured an even tighter squeeze due to competitive pressures

The gulf between buyer demand and the amount of listings for sale drove housing values to a six-decade peak, according to CoreLogic.

While the hot market’s actual and forecast home price gains were key drivers of Fannie’s results, they also present a challenge to the affordable housing mission that it’s working to address.

President Joe Biden and top White House officials sought Monday to stave off a wave of evictions after the expiration of a federal moratorium, pressing federal, state and local government agencies to act quickly to stop tenants from losing their homes.

The number of people exiting pandemic-related payment suspensions starting in September will be daunting to process, according to a Black Knight report published Monday.

The bank saw a modest increase in net income from the first quarter, as lawsuit settlements tied to the company’s discontinued home lending business and fees regarding an anti-money laundering and securities class action suit continue to limit growth.

Offered through the company’s 11 chartered units in 12 states, the five-year fixed-rate installment loan is secured by the home and is available between $5,001 and $14,999.

The industry had tightened up last year in the face of COVID-19. But as the economic outlook improves, banks are now easing criteria amid heightened competition, according to the Federal Reserve’s survey of loan officers.

While the numbers were higher than they were a year earlier, the decline comes at a time of year that usually produces some of the best returns for sellers.

The proposal should be withdrawn or reworked around the needs of small players they impose a disproportionate burden on, the Community Home Lenders Association said.

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However, 8% fewer borrowers are still in a plan compared with a month ago, Black Knight said.

Concerns about foreclosure and a crowded market led to an increase in listings at lower price points in the second quarter.

The Federal Housing Administration, the agency that oversees government-sponsored enterprises Fannie Mae and Freddie Mac, and the VA extended additional relief to those living in single-family rental, real-estate owned properties.

A renter making minimum wage would have to work 77 hours a week — nearly two full-time jobs — to afford a two-bedroom apartment in Michigan.