Household debt hit another all-time high. Is it poised to level off? While student, auto and credit card balances are at or near record levels, housing debt is shrinking, credit quality is weakening a bit and lending standards, at least in some sectors, are tightening. Consumer.
The average loan size for purchase mortgage applications hit an all-time high last week, according to the latest data from the Mortgage Bankers Association.
Delinquencies on the value of all card debt soared to a record 6.60 percent from 5.52 percent in the fourth quarter. U.S. credit card delinquencies reach all-time high following soaring job loss.
Mortgage delinquencies improved further quarter-over-quarter, with the total US loan delinquency rate falling to 3.9% at year-end, down from 4% at September 30th and 4.7% a year ago,, driven by a.
Freddie Mac completes first small pool sale of deeply delinquent mortgages But in its fifth Community Impact Pool sale, Fannie Mae is turning back to a non-profit, and a familiar one at that – The Community Loan Fund of New Jersey, an affiliate of New Jersey Community.Mortgage bond trader Jesse Litvak convicted of fraud, again The tale of Jesse Litvak may finally be moving toward an ending, as a federal jury on Friday found the former Jefferies managing director and mortgage-backed securities trader guilty on one count of fraud.. This is the second time that Litvak has been found guilty of defrauding customers in MBS trades.
How Strategic Defaults Are Boosting Consumer Spending – How Strategic Defaults Are Boosting Consumer Spending. weak credit growth and sustained high levels of unemployment will tell you something about the durability of the policies used to goose.
FHFA: Home prices increase again, rise 1.3% The FHFA (Federal Housing Finance Agency) House Price Index measures the changes in average prices of single-family houses with mortgages guaranteed by Fannie Mae and Freddie Mac. This page provides the latest reported value for – United States House Price Index MoM Change – plus previous releases, historical high and low, short-term forecast.
The delinquency rate for multifamily loans held or insured by Freddie Mac decreased 0.07 percentage points to 0.09%, while the delinquency rate for loans held or insured by Fannie Mae decreased..
Mortgage rates hit all-time lows (again) Stewart Information Services earnings take a hit HOUSTON (AP) _ Stewart Information Services Corp. (STC) on Thursday reported third-quarter net income of $17.6 million. On a per-share basis, the Houston-based company said it had profit of 74 cents.Zillow expects a lot of interest rate volatility to come · A Phoenix house that Zillow bought for resale. By offering “instant buying,” Zillow and other companies say, they are bringing efficiency and convenience to home sales.Mortgage Rates Hit New All Time Lows Yet Again – Comments Off on Mortgage Rates Hit New All Time Lows Yet Again RSS Things were slow today with mortgage rates going into the holiday, with rates moving moderately lower, regaining yesterday’s losses.
Real Estate in Raleigh & Cary NC. Helping you make the right move.. another all-time low. This is the sixth-consecutive week the 15-year mortgage has posted new average record lows. Last week, 15-year rates averaged 3.28 percent. Last year at this time, 15-year rates averaged 3.72 percent.. Fannie Revamps Rules on Delinquent Loans.
Good post on the skyrocketing Fannie delinquencies. What does that mean for the guys that are 20x leveraged and took the first loss piece of the most adversely selected loans of Fannie (and Freddie) during the bubble years of 2005-2007? Why, it means that PMI, MTG, and RDN are trading at 52week highs, and their CDS is rocketing tighter, of course.
Consumer confidence hit 137.9 in October and isn’t far off from the all-time high reached in January 2000 during the. Fidelity Bank Mortgage is a Fannie Mae, Freddie Mac and Ginnie Mae.
Growing pains for Mr. Cooper? Nonbank takes big loss thanks to lower interest rates green tree earns top marks in Fannie Mae mortgage servicer ratings 2018 HW Insiders: Shannon Faries las vegas forecast to lead 2013 home price gains The strongest annual gains occurred in Seattle, where prices have shot up 12.7 percent since october 2015. las vegas has seen prices increase 10.2 percent, while San Diego notched growth of 8.1 percent. Of the 20 metro areas tracked by the index, Washington, D.C., reported the smallest price gain with 3.1 percent.In December I didn’t receive my crate, they resent it and I got that one. January is nearly over and I haven’t gotten the 2nd crate. The first crate was super cute but it’s disappointing that I keep having problems with the crates not arriving especially when I paid nearly $100 for it.For a second supplemental, 100% of the loan proceeds must go towards green improvement costs. Up to 5% more than a conventional (non-green) dus loan. 100% paid by Fannie Mae. Report scope equivalent to ASHRAE Level 2 Energy Audit. Loan must close as Green Rewards.Shadow inventory contracts as investors snap up foreclosures Investors snap up Yankee’ bonds . Save. Wednesday, 8 December, 2010. How patient will retail investors be if their funds turn negative? save.. foreclosures spawn new attitude to.FHA policy transparency fuels Ginnie Mae modernization Countrywide’s Mozilo may face lawsuit over subprime mortgages Angelo R. Mozilo, the perennially smiling and suntanned CEO of subprime giant countrywide financial corp., may have finessed the recent Congressional hearingson the millions in compensation given to the executives of financially devastated subprime lenders even as their investors lost billions, but he hasn’t been able to escape a multi-million against him in.GNMA (Ginnie mae) government national mortgage association created in 1968 as a corporation that is wholly owned by the federal government Type of mortgage backed security that guarantees timely payment of principal and interest to investors who purchase securities backed by FHA and VA mortgages
London Properties: Fresno Valley Real Estate and Homes: So. – The reasoning is simple: distressed property sales (short sales or REOs) are a drag on retail home prices. In markets that have seen comparatively less foreclosures relative to the volume of delinquencies stuck in the pipeline, the impact of those delinquencies will be felt proportionately more strongly as they are finally dealt with.