Existing-Home Sales Wane 17.8% in April
Existing-home sales dropped in April, continuing what is now a two-month skid in sales brought on by the coronavirus pandemic, according to the National Association of Realtors®. Each of the four major regions experienced
Mortgage Rates Decrease
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.24 percent. “For the fourth consecutive week, the 30-year fixed-rate mortgage has been below
Past-Due Mortgages Increase by 1.6 Million in April, Largest Single-Month Increase Ever Recorded; Delinquency Rate Nearly Doubles
- 3.6 million homeowners were past due on their mortgages as of the end of April, the largest number since January 2015 - The number includes both homeowners past due on mortgage payments who
Realtor.com® Weekly Housing Trends: Time on Market Records It’s Largest Increase Since 2013
Homes are sitting on the market more than two weeks longer than last year Realtor.com® today announced the findings of its Weekly Housing Trends Report for the week ending May 16. According to national data, homes sat
56% of Parents with Young Children Are in Debt Due to Coronavirus
LendingTree survey shows that parents have spent over $1,000 on average on distance learning supplies, some dip into college savings to cover expenses A new LendingTree survey shows that the financial fallout from the Coronavirus pandemic
NAR Applauds FHFA Action Attempting to Assure Access to Affordable Credit
National Association of Realtors® President Vince Malta issued the following statement after the Federal Housing Finance Agency issued guidance Tuesday regarding credit access for borrowers who are in or have recently exited forbearance. “NAR
Fannie Mae Announces Flexibilities for Refinance and Home Purchase Eligibility for Homeowners Impacted by COVID-19
Updated Guidance Also Extends Expiration Date of Criteria for Purchasing Loans in Forbearance Fannie Mae (FNMA/OTCQB) today announced flexibilities for homeowners who have taken a forbearance due to a COVID-19 financial hardship to refinance their
MISMO® Releases Updated Industry Loan Application Dataset
MISMO®, the mortgage industry's standards organization, today announced that it has updated the Industry Loan Application Dataset (iLAD), the modernized dataset for exchanging loan application data, to "Candidate Recommendation" status. This means it has been thoroughly
HUD AND CENSUS BUREAU REPORT RESIDENTIAL CONSTRUCTION ACTIVITY IN APRIL 2020
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for April 2020. Building Permits Privately owned housing units authorized by building
Dave Hershman – Good Old American Resiliency
Some states have begun opening up. We are starting to see the "new normal" we spoke about, but for now this normalcy does not seem to be very normal. The best description of our