Fannie Mae (OTCQB: FNMA) announced today that it has executed its eleventh and final Credit Insurance Risk Transfer™ (CIRT™) transaction of 2022. As part of Fannie Mae’s ongoing effort to reduce taxpayer risk by increasing the role of private
– Prepayments fell 16.5% to a single-month mortality (SMM) rate of 0.48%, well below the previous record of 0.55% and the lowest recorded since at least 2000 when Black Knight began reporting the metric
– The national delinquency rate rose 4.5%
Mortgage applications increased 2.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 18, 2022. Last week’s results include an adjustment for the observance of Veterans Day.
The Market Composite
Another Thanksgiving is upon us, and it is time not only to eat turkey and watch football, but to give thanks. No matter how rough the year is, we always pause to
The average American needs to work 63 hours to pay monthly rent
MBA’s President and CEO Bob Broeksmit, CMB, issued the following statement on the Department of Housing and Urban Development’s (HUD) final rule on the acceptance of private flood insurance for Federal Housing Administration-insured (FHA) mortgages:
“MBA applauds HUD’s decision to permit lenders
Housing Sales Forecasted to Hit Trough in Q2 2023 Before Beginning to Rebound
After rebounding at a 2.6 percent annualized rate in Q3 2022 on the strength of net exports, real gross domestic product (GDP) is projected to turn negative again
Freddie Mac (OTCQB: FMCC) today released its Green MBS Impact Report for 2021, providing transparency under the enterprise’s Single-Family Green Bond Framework. In addition to reporting the impact of the Single-Family Green MBS Program’s 2021 issuance, the report provides
Tools include credit monitoring, home search, access to real estate professionals, and educational resources
First-time homebuyers can get pre-approved and receive up to $4,500 in cash and incentives
Sustained housing shortages, elevated home prices, soaring interest rates and inflation continue to
Nearly 70% of renters surveyed are considering moving to save money as rent increases cut into monthly budgets and hinder savings
Renters throughout the country are finally seeing a bit of relief when it comes to the seemingly relentless pace
