Friday , 25 September 2020

Around The Web

Record Gains For Home Prices; Mortgage Apps Up; Rates Drifting

Home prices rose another 1.0 percent in July, bringing the year-over-year gain to 6.5 percent according to the House Price Index (HPI) produced by the Federal Housing Finance Agency (FHFA). The agency also revised its previously reported 0.9 percent price change for June 2020 to 1.0 percent. All nine of the census divisions posted both month-over-month and annual price gains. …

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Serious Mortgage Delinquency Rates on the Rise

In August, the daylight between early-stage delinquencies and seriously past-due mortgages continued to swell, according to Black Knight’s “first look” at August’s month-end mortgage performance statistics, which covers the majority of the national mortgage market. On the heels of falling a combined 0.85 basis points over the previous two months, overall, the national delinquency rate … The post Serious Mortgage …

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FHFA Updates Collection of Mortgage-Acquisition Data

The Federal Housing Finance Agency (FHFA) has revised the datasets for the Public Use Databases​ (PUDBs) of single-family and multifamily mortgage acquisitions by Fannie Mae and Freddie Mac. The revisions include newly available 2019 data and final versions of data for 2018. This includes 25 new data elements for the 2018 and 2019 Single-Family Census … The post FHFA Updates …

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Zillow Will Use In-House Agents for iBuying

Zillow, which heretofore has turned to brokerage partners to represent it in home purchases, has announced it will begin using its own agents in the booming iBuying department. In streamlining this operation by way of Zillow Offers, Zillow promises to make homebuying transactions smoother. Zillow said it will implement the new practice in January for … The post Zillow Will …

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Home Sales at 14-Year High; Equity Surging; Refresher on Refi Fee’s Rate Hit

Existing home sales continued on a roll for the third consecutive month, hitting the highest level in August since December 2006. The National Association of Realtors® (NAR) said sales of pre-owned single-family houses, townhomes, condos, and cooperative apartment were at a seasonally adjusted annual rate of The August numbers came on top of a 24.7 percent rise the prior month …

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Can Opportunity Zones Help Combat Poverty?

In a new op-ed, HUD Secretary Dr. Benjamin Carson and Georgian Senator David Perdue discuss the benefits of Opportunity Zones—including jobs, access to affordable housing, and “an overall improved quality of life.” The post Can Opportunity Zones Help Combat Poverty? appeared first on DSNews.

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Lower-Income Landlords Face Risk of Foreclosure

When it comes to eviction moratoria and other COVID-19 relief efforts, the focus often is on renters’ hardships. A new study concentrates on struggling landlords who derive a large portion of their income from their tenants. About a third of independent owners of single-family rental properties are from low- to moderate-income households (those with incomes … The post Lower-Income Landlords …

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