Contents
HousingWire | Freddie delinquency rate down to lowest level in nearly 3 years housingwire.com The 3.42% delinquency rate on Freddie Mac mortgages is the lowest since August 2009. Meanwhile, the GSE purchased 50% more mortgages in July than the same month a year ago.
Mortgage rates moved lower at their best pace in several weeks today, with the average lender making it back to levels not seen since April 12th. The gains were bigger than normal for two reasons..
The serious delinquency rate, the percentage of loans that are 90 days or more past due or in the process of foreclosure, was 3.11 percent, a decrease of 18 basis points from previous quarter, and a decrease of 84 basis points from last year. The serious delinquency rate was at its lowest level since the third quarter of 2007.
Mortgage rates plummeted to their lowest levels in three years this week. Weak first-quarter economic growth, persistent global economic worries and last week’s anemic jobs report all contributed to.
It was the lowest foreclosure start rate since the fourth quarter of 1988. The percentage of loans that were in some stage of foreclosure, also known as the foreclosure inventory, was about 1.53%,
The serious delinquency rate has been steady at 1.5 percent since August 2018 – the lowest level for any month since March 2007. rates are up in some natural disaster areas but down nearly.
The 15-year fixed-rate average declined to 3.32 percent with an average 0.6 point, its lowest level in nearly. down following the decline in 10-year Treasury yields after a dismal report on real.
Rising interest rates may cut banks mortgage future short Quaint Oak Bancorp: Mortgage Business Masks Bank Underperformance – Mortgage. short term net interest margin compressing in a rising rate environment. Indeed, we find this to be exactly the case for Quaint Oak, providing a potential source of strength in the event.WATCH: Zillow CEO accepts ice-bucket challenge As the ALS ice bucket challenge swept through the ranks of American CEOs this week, the nation’s c-suites faced a serious management question. Just how much ice are you going to put in that.Which housing markets are the MLB All-Star markets? 2018 Women of Influence: Josephine Yen Cloudvirga's josephine yen named to MPA Magazine's 2018 Elite. – IRVINE, Calif., July 26, 2018 (SEND2PRESS NEWSWIRE) — Cloudvirga, a leading provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the intelligent Mortgage Platform, today announced that senior vice president of product management josephine yen has been named one of Mortgage Professional America magazine’s 2018 Elite Women in Mortgage.[07/18/18 – 01:36 PM] Big Markets Step Up to the Plate and Deliver for FOX During Tuesday Night’s MLB All-Star Game FOX Sports spins the numbers for Tuesday, July 17.
The minimum down payment you need to buy a home is 3.5% down with an FHA loan on a 30-year. The down payment is a percentage of the purchase price of a house. Lenders will only fund a certain percentage of a home’s value to reduce their risk, know as the loan-to-value ratio. Why down payments are required for home loans.
The serious delinquency rate is down from 3.41% in September 2012, and this is the lowest level since December 2008. The Fannie Mae serious delinquency rate peaked in February 2010 at 5.59%. Earlier this week, Freddie Mac reported that the Single-Family serious delinquency rate declined in September to 2.58% from 2.64% in August.
FHFA: Principal reduction would cost Fannie, Freddie $100 billion Principal Reduction Modification. The federal housing finance Agency (FHFA) undertook an extensive evaluation to determine whether to implement a Principal reduction modification program for seriously delinquent, underwater borrowers whose loans are owned or guaranteed by Fannie Mae or Freddie Mac (the Enterprises).