Tag Archives: mortgage foreclosures

Fannie and Freddie Didn’t Do It!

Financial FAQs As if further confirmation was needed that Fannie Mae and Freddie Mac were not even a minor cause of the housing bubble and consequent bust, the latest judgment against Nomura Securities for selling fraudulent mortgages to Fannie and … Continue reading

Posted in Consumers, Economy, Housing, housing market, Politics, Weekly Financial News | Tagged , , , , , , , , , , , | Leave a comment

Mortgage Delinquencies Close to Pre-Recession Lows.

The Mortgage Corner Calculated Risk reports Black Knight Financial Services (BKFS) released their Mortgage Monitor report for February on Monday. According to BKFS, 5.36 percent of mortgages were delinquent in February, down from 5.56 percent in January. BKFS reported that … Continue reading

Posted in Consumers, Economy, Housing, housing market, Weekly Financial News | Tagged , , , , , , | Leave a comment

CFPB Releases Borrower Guidelines

The Mortgage Corner The Consumer Protection Financial Bureau, set up as part of the Dodd-Frank Wall Street and Consumer Protection Act, has just published guidelines for mortgage borrowers to help them get the best possible terms. Knowing mortgage guidelines and … Continue reading

Posted in Consumers, Housing, housing market, Weekly Financial News | Tagged , , , , , , , , , , , | Leave a comment

Mortgage Delinquency and Foreclosure Rates Lowest Since 2007

The Mortgage Corner The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 5.85 percent of all loans outstanding at the end of the third quarter of 2014. This is approaching the historical … Continue reading

Posted in Consumers, Housing, housing market, Weekly Financial News | Tagged , , , , , , | Leave a comment

Fannie/Freddie, Home Prices in Good Shape

The Mortgage Corner Government-sponsored enterprises Fannie Mae and Freddie Mac brought in a combined second-quarter net income of $5 billion, nearly half of the $9.3 billion the two made in the first quarter of 2014, the Federal Housing Finance Agency’s … Continue reading

Posted in Consumers, Housing, housing market, Politics, Weekly Financial News | Tagged , , , , , , , , | Leave a comment

Pending-Home Sales Decline Slightly

The Mortgage Corner The Pending Home Sales Index, a forward-looking indicator based on contract signings, fell 1.0 percent to 104.7 in August from 105.8 in July, and is now 2.2 percent below August 2013 (107.1). Despite the slight decline, the … Continue reading

Posted in Consumers, Housing, housing market, Weekly Financial News | Tagged , , , , , , , , , , | Leave a comment

Existing-Home Sales and Interest Rates

The Mortgage Corner The National Association of Realtors reported after four consecutive months of gains, existing-home sales slipped in August, as all-cash paying investors retreated from the market. Sales increases in the Northeast and Midwest were outweighed by declines in … Continue reading

Posted in Consumers, Economy, Housing, housing market, Weekly Financial News | Tagged , , , , , , , | Leave a comment

Restricted Credit Will Impede Housing Recovery

Financial FAQs As if we need more evidence that the Consumer Protection Finance Bureau and government regulators have listened to the wrong people when drafting their Qualified Mortgage requirements (that lowers the maximum debt-to-income ratio to 43 percent for non-agency … Continue reading

Posted in Consumers, Economy, Housing, Politics, Weekly Financial News | Tagged , , , , , , , | Leave a comment

2014 Mortgage Volumes (and Delinquencies) Lower

The Mortgage Corner It looks like the housing market still has to play catch up in 2014. Both mortgage volume and existing-home sales have declined drastically. But new-home sales and housing construction have picked up, even with the Polar weather, … Continue reading

Posted in Consumers, Housing, housing market, Weekly Financial News | Tagged , , , , , , , , , | Leave a comment

Mortgage Defaults Continue to Fall

The Mortgage Corner Fannie Mae reported last week that the Single-Family Serious Delinquency rate declined in November to 2.44 percent from 2.48 percent in October. The serious delinquency rate is down from 3.30 percent in November 2012, and this is … Continue reading

Posted in Consumers, Economy, Housing, housing market, Politics, Weekly Financial News | Tagged , , , , , , | Leave a comment