Early- and mid-stage mortgage delinquencies saw the biggest yearly increases among all credit products, a development Vantagescore deemed a “surprise”, which “may be demonstrating early signs of borrower financial stress.” The share of mortgages 30-to-59 days behind on payments jumped to 1.03% in May from 0.92% during the same month a year earlier. Among all […]
Researchers find ‘surprise’ in new mortgage delinquency data Read More »
Investor reaction to events of the past eight days has contributed to mortgage rates moving below 6.8% for the first time since the start of May, Freddie Mac said. The 30-year fixed-rate mortgage was at 6.77% as of June 26, compared with 6.81% eight days prior and 6.86% for the same week in 2024, the
Mortgage rates slide after FOMC meeting, Iran attack Read More »
The Federal Housing Administration announced plans to introduce an across-the-board multifamily mortgage insurance premium that would eliminate incentives to adopt energy-efficiency standards. The Department of Housing and Urban Development proposed to level premiums to 25 basis points for all loans originated in multifamily programs administered by the FHA, a first step in eliminating what it
HUD moves to eliminate multifamily green-energy incentive Read More »
Guild Mortgage finalizing a deal to go private via a $1.3 billion acquisition by Bayview Asset Management piqued the attention of some recruiters. Inquiries to Guild’s originator talent are coming in, the firm’s originators and industry stakeholders claim. “I can confirm the phone is ringing off the hook with recruiters,” Geoff Black, originator at Guild,
Guild LOs bombarded by recruiters after $1.3B deal news Read More »
New York City mayoral candidate Zohran Mamdani’s primary win has banks with high exposures to rent-regulated real estate on edge. Mamdani, who has vowed to freeze rents on rent-stabilized apartments if he’s elected mayor, won over New Yorkers during the Democratic primary as their city’s housing market grows more expensive and competitive. The primary results
What a Mamdani mayoral win in NYC could mean for banks Read More »
A rally in short-dated Treasuries gathered pace Thursday after a raft of US economic data on balance favored wagers on as many as three Federal Reserve interest-rate cuts this year. Yields across maturities declined, with those on two-year notes falling five basis points and most reaching the lowest level in more than a month. The
Treasury rally gains steam as economic data fuels rate-cut bets Read More »
Andrew Harrer/Bloomberg The U.S. economy slowed faster than previously realized, according to the latest revision to the government’s gross domestic product estimate. Overall, the GDP’s rate of contraction was lowered by 30 basis points, from an annualized rate of -0.2% to -0.5%, according to the Bureau of Economic Analysis’ latest report, released Thursday. This is
First-quarter GDP revised lower; Fed has other data on deck Read More »
Shares of companies linked to New York City real estate fell Wednesday as Zohran Mamdani, a state Assembly member who has vowed to freeze rents, looks all but certain to become the Democratic nominee for mayor. During his campaign ahead of Tuesday’s primary, Mamdani called for a progressive agenda that also included cheaper groceries at government-owned stores
Mamdani’s rent-freeze agenda sparks slide in NYC-linked REITs Read More »
Here’s something you need to know. The housing market is getting back to a healthier, more normal place. And even though it may not sound like it, this shift is actually a good thing. It’s what you should expect. It’s just that our expectations have been skewed by the intense seller’s market over the past
What Every Homeowner Needs To Know In Today’s Shifting Market Read More »
While signs of a cooling housing market are beginning to emerge, with roughly 500,000 more home sellers than buyers now in play, according to a recent Redfin report, rising affordability barriers continue to sideline many would-be homeowners. The median home price in the U.S. stood at $416,900 in the first quarter of 2025. With median
Despite a surge in homes for sale, renting still remains the only real option for most Read More »