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Fannie Mae continues to downgrade its mortgage forecasts as it foresees a higher-for-longer mortgage rate environment. Processing Content The government-sponsored enterprise reduced its estimate for single-family originations this year by 2%, to $2.298 trillion, according to its Wednesday release. While the projection is still well ahead of last year’s over $1.9 trillion in total single-family […]

Foreclosure inquiries increased for a third consecutive quarter and hit their highest level since March 2020, a new LegalShield report found. Processing Content Its foreclosure index rose 12.2% year over year and 5.6% quarter over quarter to 52.5 in the second quarter this year. The index, a one- to two-quarter leading indicator of actual residential