More Than Half of 2006 Vintage Now Underwater, Zillow Says With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth.Construction spending flatlines in May as homebuilding declines U.S builders began work on more office buildings, hotels and factories in March, which raised construction spending after three straight months of declines, according to the Commerce Department.
– Historic Mortgage Rates – FHFA / Freddie Mac / MBA. If those weren’t enough reasons to partner with AFR, Initial jobless claims hit a low not seen since October 1969 signaling labor.
Freddie Mac’s Single-Family Fraud Risk (SFFR) team is at the forefront of prevention, detection, investigation, reporting and resolution of mortgage-related fraud and other suspicious activity. fraud prevention spotlight. True Lies – Real World Tales of Fraud.
Specifically, the 30-year mortgage rates declined from 4.08% at the beginning of the second quarter to 3.73% at the end of the quarter, according to figures released by Freddie Mac. That is not the.
The average rate on the 30-year fixed mortgage hit a three-year low of 3.73% last week, according to Freddie Mac. That means 8.2 million borrowers could refinance and lower their monthly payments.
Freddie Mac: 3 reasons lending will hit lows not seen since 2000 Kelsey Ramrez is an Associate Editor at HousingWire. In this role she spearheads the production of HW Magazine.
Uniform Instruments are the Fannie Mae/Freddie Mac and Freddie Mac Notes, Riders, and Security Instruments used when originating Single-Family residential mortgage loans allregs Opens in a new window AllRegs offers the official electronic version of the Guide for free.
Homebridge appoints Jimmy Yerman as its new Mid-Atlantic regional manager Homebridge appoints Jimmy Yerman as its new Mid-Atlantic regional manager . Homebridge appoints Jimmy Yerman as its new Mid-Atlantic regional manager . In order to grow its presence in the Mid-Atlantic region, Homebridge recently announced Jimmy Yerman joined the company as a regional manager. homebridge Divisional Vice President Brian Poling.
Fixed mortgage rates dropped even more this week, continuing the trend in reaching new record lows this year, Freddie Mac reports in its weekly mortgage market survey. The 30-year fixed-rate mortgage averaged 3.94 percent this week while 15-year rates sank to 3.21 percent – both all-time lows from their previous record lows set on Oct. 6.
CoreLogic: Foreclosures decline 16% in July The report shows that 4% of mortgages were in some stage of delinquency in March 2019, representing a .3-percentage-point decline in the overall delinquency rate compared with March 2018, when it was 4.3%. This was the lowest for the month of March in 13 years.
FHFA changing the game The Federal Housing Finance Agency (FHFA) aims to set goals for Fannie Mae and Freddie Mac that would target borrowers with lower incomes (at or below 80% of the area’s.
Interest rates for a 30-year fixed rate mortgage have been on the decline since November, now reaching lows last seen in January 2018. According to Freddie Mac’s latest Primary Mortgage Market Survey, rates came in at 4.12% last week! This is great news for anyone who is planning on buying a home this spring! freddie mac had this to say,
Even if that one-point reduction hit all at once, it’s not clear how. or inflation, then mortgage rates might spike. "That would have a significant, measurable, and almost immediate negative impact.