Skip to main content

Mortgage Delinquencies Down Again

Phil Hall
Jun 22, 2017
Today's first-time homebuyer is older and more likely to be single than first-time homebuyers in the 1970s and 1980s, according to a new Zillow analysis

Mortgage delinquency levels fell 7.13 percent from April to May while prepayments took a 23 percent upswing to their highest level of the year, according to new data from Black Knight Financial Services.
During May, the total national loan delinquency rate was 3.79 percent. Colorado had the lowest quantity of borrowers who were past due on mortgage payments at 2.12 percent, while Mississippi has the highest non-current rate at 10.16 percent.
The total U.S. foreclosure pre-sale inventory rate in May was 0.83 percent, a 2.97 percent drop from April and a 26.9 percent plummet from one year earlier. And while the 55,800 total foreclosure starts in May was 5.68 percent above April’s level, it was 10.14 percent below the May 2016 rate.
Jun 22, 2017
Feds Reviewing Appraisal Standards, Qualifications

Appraisal Subcommittee said requirements are being reviewed to determine whether they ensure and promote fairness, equity, objectivity, and diversity, in both appraisals and in the training and credentialing of appraisers.

Regulation and Compliance
Oct 20, 2021
​​​​​​​FHFA OK's Desktop Appraisals, Expands Refi Criteria

The Federal Housing Finance Agency (FHFA) said Monday it will take two steps to help make home ownership more affordable and sustainable for mortgage borrowers, especially for those in underserved communities. 

Regulation and Compliance
Oct 19, 2021
CFPB Names 4 To Key Senior Positions

The appointees include two who helped create the bureau and two who served on the CFPB staff during the Obama administration.

Regulation and Compliance
Oct 14, 2021
FHFA Raises Enterprises' Multifamily Loan Purchase Caps

The Federal Housing Finance Agency (FHFA) said the 2022 multifamily loan purchase caps will be $78 billion for each Enterprise, for a combined total of $156 billion to support the multifamily market.

Regulation and Compliance
Oct 13, 2021
CFPB Hits AAG With Complaint For Deceptive Marketing Of Reverse Mortgages

The Consumer Financial Protection Bureau filed a complaint and proposed consent order, which alleges that American Advisors Group (AAG) used inflated and deceptive home estimates to attract reverse mortgage consumers.

Regulation and Compliance
Oct 12, 2021
Waterstone Mortgage Names VP Of Compliance

Waterstone Mortgage Corporation named Kris Barros as the company's vice president of compliance.

Oct 08, 2021