Mortgages Outstanding Up Even as Lending Down
Quarterly home lending has fallen, as has the rate of serious mortgage delinquency. But mortgages outstanding have grown.
Northeast Leads Jump in New Home Sales
The annual rate of the nation's new home sales increased last month, and it was the rate in the Northeast the led the month-over-month gain.
Mortgage Lates Up, Foreclosure Starts at 10-yr Low
Homes Sales Up Again as Midwest Vibrant
Despite an increase in 30-day delinquency, the foreclosure rate declined and foreclosure starts descended to the lowest level in 10 years.
Sales of the nation's pre-owned homes turned higher for the third month in a row. Sales and home prices in the Midwest are seeing the most improvement.
CMBS Delinquency See Saws Lower
After worsening in March, performance improved on securitized commercial real estate loans. Industrial property loans led the decline.
Mortgage Rates Forecasted to Rise
Both short-term economic forecasts and long-term forecasts have fixed interest rates on home loans moving in a northerly direction.
Freddie Lifts Est Q1 Refi, Government Production
First-quarter refinance production and government share of overall mortgage originations turned out to be better than previously thought by economists at Freddie Mac.
Mortgage Closing Rate Diminishes
A smaller share of mortgages in process closed last month compared to March, though the closing rate improved versus the same month last year.
Proprietary Reverse Mortgage Production Up
Unlike government-insured reverse mortgage production, proprietary reverse mortgage originators saw a gain in volume from a month and year earlier.
Fannie Improves Purchase Financing Forecast
Economists at Fannie Mae have increased projections for originations this year and next year by more than $100 billion, and purchase financing got the biggest boost.