mortgage

November 12, 2019

Overall Delinquency Rate Near 20 Year Low

According to the CoreLogic Loan Performance Insights Report, 3.7% of mortgages were in some stage of delinquency (30 days or more past due, including foreclosure) in […]
September 27, 2019

Mortgage Fraud Risk Declines

Mortgage application fraud risk plummeted in the second quarter as refinance loans poured into the market, according to CoreLogic. The risk of fraud on a mortgage […]
September 26, 2019

Mortgage Credit Tightens Despite Strong Demand

Mortgage credit availability decreased in August according to the Mortgage Credit Availability Index (MCAI).  Mortgage credit tightened despite falling interest rates and a strong uptick in […]
September 17, 2019

FICO Scores Reach Record High

The average FICO score stands at 706, a record high, said Ethan Dornhelm, vice president of scores and predictive analytics at FICO. That compares with 686 […]
August 16, 2019

Consumer Debt/Economic Concern Raises Mortgage Default Risk

Mortgage default risk rose in the U.S. in Q1 2019 as a result of increased economic risk and borrower risk, according to the recently launched Milliman […]
August 7, 2019

Cost of Living in the U.S. Climbs

It keeps getting more expensive to live in the U.S., as new data shows that both rent and home prices are continuing to climb. Rent values […]
July 31, 2019

Mortgage Delinquencies Spiked in June

While seasonal factors were attributed to the monthly rise in mortgage delinquencies for June, the jump was still much higher than last year’s fairly steady increase, […]
July 11, 2019

States with the Highest Mortgage Debt

A home is the largest purchase most Americans make in their lifetimes. The typical American home now costs over $200,000 – significantly more money than most […]
June 21, 2019

14 Years Needed to Save for a Down Payment

The nationwide average to save for a 20% down payment for a median-priced home on a median income is now 14 years, according to Unison’s Home […]