CoreLogic’s most recent National Foreclosure Report announced that foreclosures across the U.S. have fallen 14% between December 2012 and December 2013. This marks 26 consecutive months of falling foreclosure rates and 15 straight months of year-over-year declines. These statistics show that the housing market is improving, despite the disappointing pending home sales report from the […]
TransUnion recently reported the amount of borrowers who have fallen at least two months behind on their payments has decreased by 5.41%, which is at its lowest point in three years. Homes are selling at higher prices, which have helped reduce the number of underwater homeowners (that is, those whose mortgage balance is greater than […]
The housing market may be impacted by the possibility of a government shutdown. The Wall Street Journal reported on April 7 that Housing and Urban Development Secretary Shaun Donovan told Senate lawmakers that he is “very concerned” that if the government shuts down as a result of lawmakers failing to reach an agreement on a […]
Reuters reported today that Fannie Mae’s gross mortgage portfolio grew 6.3% in June over the previous month. Last month, the government-owned lender’s portfolio grew by $4.1 billion to $817.8 billion, which has gone up 12.1% since the beginning of the year. The portfolio growth could be attributed to a drop in May’s mortgage delinquency rate. […]