Mortgage delinquency rates improve across the board
Overall national mortgage delinquency improved across the board in January while foreclosure starts rose, according to Black Knight.
Overall national mortgage delinquency improved across the board in January while foreclosure starts rose, according to Black Knight.
Freddie Mac’s net income last year fell almost a quarter compared to 2021’s earnings as the government-sponsored enterprise reckoned with the market’s slowdown and a forecast of diminishing home valuations. The GSE reported Wednesday $9.3 billion in net income and $9 billion in comprehensive income in 2022, both representing 23% dips from the year prior. … [Read more…]
Mortgage balances drove the uptick in household debt during the fourth quarter of 2022, with an increase of $254 billion compared to Q3.
Fannie Mae reported a net income of $12.9 billion in 2022, down sharply from $22.1 billion in 2021. And it expects 2023 to be even rougher.
The housing market recession we’ve seen this year is significantly different than 2008. Here’s what you should pay attention to.
When You Are Denied By A Credit Lender The Dodd-Frank Act of 2011 requires that lenders send a letter explaining why a consumer was denied credit or offered less-favorable credit terms. Unfortunately, these letters are usually filled margin-to-margin with industry jargon and two-digit codes that donât really help you to understand where you stand with […]
The post Arizona Credit Repair Experts Explain Credit Denial Explanations appeared first on Credit Absolute.
The effects of the coronavirus pandemic have been especially burdensome on auto loans borrowers. Unlike student loans and mortgages, there are no government-backed relief programs to cover a monthly auto payment. The result is most devastating for subprime borrowers â those with credit scores under 600. Serious delinquency levels within that group rose about 22% [â¦]
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
It sounds like we just hit the housing recovery trifecta, all in one stellar news day. The 30-year fixed fell to its lowest point on record, 3.34%, according to the latest survey from Freddie Mac. Thatâs down from 3.40% last week and 4% a year ago, not that those prior high mortgage rates were a [&hellip
The post Mortgage Rates, Delinquencies, and Negative Equity All Drop first appeared on The Truth About Mortgage.
Household debt rises to $14.6 trillion due to record-breaking rise in mortgage loans CNBC
Posted To: MND NewsWire
Loan performance continued to improve in January although the number of delinquencies remains significantly elevated from pre-pandemic levels. Black Knight’s first look at the month’s loan performance data has both good news and some that is disquieting. The good news is a 121,000-loan decline in the number of loans that are 30 or more days past due but not in foreclosure when compared to the prior month. This reduced the national delinquency rate to 5.85 percent, the first time the rate has been under 6 percent since the pandemic hit in March 2020. The number of seriously delinquent loans, those 90 or more days past due but not in foreclosure, was reduced by 56,000 loans. Black Knight includes loans that are in active forbearance plans in its delinquency numbers if they are non-current. However…(read more)