The national delinquency rate cooled last month, while foreclosure activity hit its highest level since early 2020, a new industry report shows. Processing Content Delinquencies fell by three basis points to 3.65% in January, 15 basis points below prepandemic levels, but foreclosure starts caught up with its 2020 numbers last month, totaling 42,000, according to […]
Foreclosure starts surge to early 2020 levels Read More »
Key insight: The core of both the Senate and House versions of the legislation aim to increase the supply of housing, but a slew of bipartisan riders in the House version have been opposed by some Democrats in the upper chamber. What’s at stake: The House version has a number of bank-favored riders, like brokered
Senate tees up housing bill, but what’s in it is unclear Read More »
Homebuyer affordability worsened in January for the first time in seven months, despite mortgage rates hitting a three-year low. Processing Content The national median payment applied for by purchase applicants rose from $2,025 in December to $2,070 last month, according to the Mortgage Bankers Association’s Purchase Applications Payment Index. That’s on par with levels recorded
Homebuyer affordability dips after seven-month run Read More »