New US residential construction improved for a third straight month to the fastest pace in nearly a year, boosted by multifamily projects. Processing Content Housing starts increased 7.2% to an annual pace of 1.49 million homes in January, according to government figures out Thursday. The pace of home starts was above all estimates in […]
Housing starts unexpectedly climb on multifamily projects Read More »
Foreclosures are ticking up. And that may make your mind jump straight to thoughts of 2008 – specifically to what happened to the market during the housing crash. So, let’s do exactly what your brain already wants to do, and see if there’s any connection there. The simple truth is foreclosure filings are rising. But
One Key Sign We’re Not Headed for a Wave of Foreclosures Read More »
The Consumer Financial Protection Bureau is still impacting the mortgage industry, despite a lack of examinations or investigations and the threat of a mass firing. The regulator under Acting Director Russell Vought has continued to provide regulatory guidance to financial institutions, and even defended some actions put forth by the prior Chopra-led bureau. Richard Horn,
Former CFPB counsel: Agency is doing more than you think Read More »
Mortgage rates moved higher on Wednesday despite only a modest increase in oil prices. The latter is currently a part of any conversation about interest rates as higher energy costs have fueled inflation expectations. Higher inflation begets higher rates, all else equal. But rates take other cues, or course. One key consideration is that of
Highest Rates in More Than a Month Read More »
The share of primary mortgages on properties that also have second liens is currently in the double digits, reflecting growth in home equity lending that’s increasingly relevant to agency mortgage-backed securities investors. Processing Content Approximately 16% of active first liens are on homes that also have seconds on them, representing a total outstanding balance of
Second liens appear on 16% of U.S. mortgages Read More »
A lack of buyers in the market has pushed a near-record share of homeowners to rent out their properties, industry data shows. Processing Content Units owned by “accidental landlords” accounted for 2.3% of the listed rental stock in October, according to research from Zillow. That’s more than any share in Zillow’s nearly six-year record, outside
Slow home sales are creating accidental landlords Read More »
A new look at the country’s most at-risk housing markets finds Florida and California leading all states in the number of counties vulnerable to declines. Processing Content Florida communities made up 16 out of the “leading” 50 markets on the list, according to the latest housing risk report from real estate intelligence platform Attom. The
These housing markets face the greatest risk of decline Read More »
Radian Group will be shutting its mortgage conduit rather than trying to find a buyer for the business, the company confirmed. Processing Content The story originally appeared in HousingWire. “Radian ceased accepting new business for Radian Mortgage Capital early last week and is in the process of thoughtfully winding down the business over the coming
Radian shuts mortgage conduit instead of selling Read More »
Online searches for “can’t sell house” just hit an all-time high according to Google Trends. So, if your house has been sitting on the market without any bites, you’re not the only one. But it’s also not the end of the road. Homes are selling every day, so you can turn this around. You just
If Your House Isn’t Getting Offers, Read This. Read More »
U.S. consumer prices increased moderately from January to February, with annualized inflation holding steady, according to data released Wednesday by the U.S. Bureau of Labor Statistics. The Consumer Price Index rose 2.4% over the 12 months ending in February, unchanged from January. On a seasonally adjusted basis, the index increased 0.3% during the month. Core
February’s CPI report reveals steady annual inflation of 2.4% Read More »