Government

December 19, 2019

Mortgage Fraud Risk Reaches Turning Point

Loan defect risk in purchase applications stopped falling and plateaued in October, according to First American Financial Corp.’s latest report. “Defect risk for purchase transactions broke […]
December 18, 2019

Subprime Mortgages Begin to Inch Up

The percentage of recent mortgage borrowers with subprime credit scores still resides in the single digits, but nearly doubled what is was in 2013, according to […]
December 17, 2019

Mortgage Delinquency Rates to Flatten in 2020

The percentage of home loans with late payments is unlikely to fall much further in 2020 when mortgages made to lower credit-score borrowers could rise slightly, […]
December 11, 2019

Mortgage Delinquencies Drop to 25-Year Low

The share of U.S. homeowners who were late paying mortgages fell to an almost 25-year low in the third quarter as a strong labor market helped […]
November 21, 2019

Mortgage Demand Increased in 3Q

The Federal Reserve’s Senior Loan Officer Opinion Survey showed more demand for consumer credit and mortgages in the third quarter and a softening in demand for […]
November 15, 2019

Two-Thirds of Adults Fear a Recession in 2020

Whether a recession is on the horizon or not is anyone’s guess.  However, according to the latest CNBC Invest in You survey, two-thirds of respondents think […]
November 14, 2019

Mortgage Lending Will Boom, Then Plunge in 2020

The boost from lower interest rates that’s driving origination volume will continue into the first six months of 2020.  But according to the Mortgage Bankers Association, […]
November 1, 2019

Two Forces Re-shaped Housing Affordability in 2019

In August, home prices fell 1.3%, declining 5.9% year over year, according to First American’s Real House Price Index. According to First American’s data, unadjusted house […]
October 30, 2019

Small Business Lending Strong but Slowing

Volume in the Small Business Administration’s flagship lending program fell for the second straight year as more borrowers qualified for conventional loans. Lenders made $23.2 billion […]