Due to the pandemic, US banks have cut loans to record levels and made loan applications lengthier than before. This has made loan acquisition
Finance
Home affordability drops lower
ATTOM, curator of the nation’s premier property database, today released its fourth-quarter 2021 U.S. Home Affordability Report, showing that median-priced single-family homes are less
Mortgage delinquencies slow
Mortgage delinquencies continue slow and steady improvement while foreclosure activity remains muted even as forbearance exits mount, Black Knight reports. It offered a “first
Home equity hits new highs
ATTOM, curator of the nation’s premier property database, today released its third-quarter 2021 U.S. Home Equity & Underwater Report, which shows that 39.5 percent of
Mortgage rates to climb in 2022
Global supply constraints continue to cap economic output amid growing inflationary and consumer-spending concerns, according to the October 2021 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research
Workers rent smaller, older homes
The Great Reshuffling has the potential to improve housing affordability for millions of Americans able to work remotely from a less expensive market. But for occupations
Fannie Mae aids renters
Fannie Mae (OTCQB: FNMA) last Friday announced its multifamily COVID-19 forbearance program has been extended indefinitely to provide continued support for Fannie Mae-financed multifamily property owners
Debt chokes millennial homebuyers
Sixty percent of non-homeowning millennials say student loan debt is delaying their ability to buy a home, by far the most affected population, according
Mortgage lenders pessimistic
For the fourth consecutive quarter, a plurality of mortgage lenders expect near-term profitability to decrease, according to Fannie Mae’s (OTCQB: FNMA) Q3 2021 Mortgage Lender Sentiment
Homebuyer optimism growing
The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) was largely unchanged in August, decreasing 0.1 points to 75.7, as survey respondents tempered both their recent pessimism