Foreclosure rates climbed across the country in July, a sign that high home costs may be starting to catch up with homeowners. Lenders and banks moved to foreclose on 36,128 homes nationwide in July, an 11% increase from last month and a 13% increase from the same time last year. One out of every 3,939 […]
Foreclosures tick up as home costs weigh heavy on borrowers Read More »
October 3rd, 2024 continues to be the day to beat when it comes to mortgage rates hanging out at 10 month lows. Today’s top tier 30yr fixed rate matched October 4th levels for the first time since then, just barely edging out last week’s lowest levels. Hitting the next milestone will be a much bigger
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Tailwinds behind the non-qualified mortgage segment are leading to growing secondary market volumes, while loan pools are on par with recent performance levels, according to a new Morningstar DBRS report. Second-quarter non-QM volumes exceeded last year’s number, totaling over $9.8 billion of typical securitizations, the ratings agency said in a new report. On a year-over-year
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