Skip to main content

Prepayment Activity at Three-Year High

Phil Hall
Aug 22, 2019
The national median existing single-family home price in the third quarter was $266,900, up 4.8 percent from $254,7000 in the third quarter of 2017, according to new data from the National Association of Realtors (NAR)

Prepayment activity spiked by 26 percent from June to July and by 58 percent from July 2018, according to new data from Black Knight Inc. The prepayment activity level is at its highest peak since 2016, fueled primarily by a new wave of refinancing brought about by declining interest rates.
 
Black Knight also reported the national delinquency rate fell by 7 percent last month to reach the 3.46 percent level. Last month’s delinquency rate is the lowest of any July since Black Knight began tracking data in 2000.
 
Furthermore, the number of serious delinquencies fell in July by 11,000, going below the 445,000 level for the first time since June 2006. The active foreclosure inventory also recorded a drop of 1,000 properties.
 
Supreme Court Gives Biden Full Control Over Federal Housing Finance Agency

The U.S. Supreme Court gave President Joe Biden the authority to remove the head of the Federal Housing Finance Agency (FHFA) while dismissing claims from shareholders of Fannie Mae and Freddie Mac.

Industry News
Jun 23, 2021
Ocwen Financial To Acquire Reverse Mortgage Servicing Platform

Ocwen Financial Corporation's wholly-owned subsidiary, PHH Mortgage Corporation will acquire RMS' reverse mortgage servicing platform.

Industry News
Jun 18, 2021
UniteCT Emergency Rental Assistance Succeeds

Thanks to the successful launch of the UniteCT program, emergency rental assistance funds are helping Connecticut residents maintain housing.

Industry News
Jun 17, 2021
Angel Oak Mortgage Announces Initial Public Offering

Angel Oak Mortgage announced its initial public offering of 7,200,000 shares of its common stock at $19 per share.

Industry News
Jun 17, 2021
Mortgage Apps Rebound After Three Consecutive Weeks Of Declines

The Mortgage Bankers Association reported the first increase in mortgage applications after a three consecutive weeks on declines.

Industry News
Jun 17, 2021
CFPB New Rule Prevents Predatory Lending To Military Service Members

The CFPB stipulates its authority to examine supervised financial institutions for risk to active duty servicemembers and their dependents.

Industry News
Jun 16, 2021