Home | National Mortgage News
News analysis and perspective from National Mortgage News, an award-winning comprehensive digital resource serving the entire residential mortgage industry.
Mortgage delinquencies rise but foreclosures lag - National …
Oct 23, 2024 · The total delinquency rate, defined as loans 30 days or more late on payment but not yet in foreclosure, was 3.48% in September. That was an increase of 4.3% compared to August's 334 basis point rate and up by 5.74% compared with September 2023's rate of 329 basis points.. This data follows the Mortgage Bankers Association's recent report that performance on loans that had been in forbearance ...
National Mortgage News - November-December 2024
More "Airbnb-style" rental property loans are making their way into non-qualified mortgage securitizations and could they be acting differently from the traditional non-owner occupied loans, a Standard & Poor's report asks.
Ginnie Mae finalizes reverse-mortgage buyout relief terms
Nov 25, 2024 · The industry has united behind HMBS buyout relief because, due to interest rate conditions and the composition of the market in recent years, the volume of loans hitting their maximum claim amount has been high.. That's made managing buyouts costly for issuers, in some cases forcing lenders to hold them on financing lines for prolonged periods of time.
Fed rate cut, industry lawsuits: Top mortgage news September 2024
Oct 9, 2024 · Mortgage rates continued to tumble closer to the 6% mark, even before taking into account the full impact of the 50 basis point cut in short-term rates by the Federal Open Market Committee. But the Fed's actions shouldn't start an origination uptick for the mortgage industry, according to one long-time veteran.
Mortgage application activity picks up for second week in a row
Nov 20, 2024 · The seasonally adjusted Purchase Index saw a 2% seasonally adjusted rise. The Refinance Index also increased similarly by 1.8%. "The pickup in purchase applications was driven by conventional and FHA loans," Kan noted.
Mortgage default levels are providing a warning sign
Nov 22, 2024 · October's total delinquency rate — loans 30 days or more late but not yet in foreclosure — was 3.45%, the First Look report found. While that was down by 0.79% from September, the year-over-year change of 5.95% represents five …
Fannie Mae's 2025 forecast turns bearish | National Mortgage News
Nov 21, 2024 · That is a significant revision in comparison to October's call for rates to be at 6% in the final three months of the year. The 30-year fixed rate average will moderate over the next four quarters, but only drop to 6.3% by year-end 2025, and to 6.1% by the final quarter of 2026.
HELOCs with expanded criteria are trending among lenders
Nov 25, 2024 · More mortgage companies have moved into expanded-parameter home equity line of credit programs recently as rated securitizations have grown and volumes are set to expand further in 2025. Direct-to-consumer lender Achieve announced earlier in November that it increased the limit for its program to $ ...
What the mortgage industry is watching on election night
Nov 4, 2024 · The GOP ticket has called for more executive influence with the Federal Reserve regarding interest rates. Analysts explained it would be difficult for Trump to force his way into such decisions, and pointed out the president already holds some sway via Board of Governors appointments.Executive influence on interest rates could also have spillover effects on the broader economy, experts said.