Tuesday , 27 October 2020

Around The Web

Fannie Mae Reports Uptick in Single-Family Serious Delinquency Rate

Fannie Mae Conventional Single-Family Serious Delinquency Rate increased 59 basis points to 3.24% in July. One year earlier, this serious delinquency rate was 0.67%. In weighing serious delinquency rates based on vintage, the highest level of problematic loans was in the 2005 to 2008 origination period (9.36%), followed by loans originated in 2004 and earlier … The post Fannie Mae …

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The State of Americans’ Credit Compared With Last Year

According to the latest Invest in You Survey conducted by CNBC and Acorns in Partnership with SurveyMonkey, Americas are rethinking their spending habits. Specifically, the survey shows that all across the nation, residents are tightening their purse strings and focusing on saving versus spending in every area, including their mortgage and rental payments.  Following the national survey’s in-depth … The post The State …

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CFPB Report: Effects of COVID-19 on Mortgage Loans, Other Debt

The Consumer Financial Protection Bureau (Bureau) this week issued a report examining the effects of the COVID-19 pandemic on consumer credit through June. The report focused on mortgage, student and auto loans, and credit card accounts since March. Based on credit record data, the Bureau’s research found that consumers have not experienced significant increases in … The post CFPB Report: …

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Forbearance Survey: Certain Borrowers ‘Disproportionately Impacted’

Fannie Mae and Freddie Mac loans in forbearance dropped while private loans and those owned by Ginnie Mae experienced an increase, according to the Mortgage Bankers Association’s (MBA) latest Forbearance and Call Volume Survey. The total number of loans now in forbearance remained unchanged relative to the prior week at 7.20% as of August 23. … The post Forbearance Survey: …

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Fannie Mae’s Head of Multifamily, Jeffery Hayward, Promoted

Fannie Mae has appointed Jeffery Hayward to the newly created position of EVP and Chief Administrative Officer and Michele Evans as EVP and Head of Multifamily, effective immediately. Hayward, previously Head of Fannie Mae’s Multifamily business, will lead Fannie Mae’s Affordable Housing; Environmental, Social, and Governance (ESG); Human Resources; Diversity & Inclusion; and Enterprise Workplace … The post Fannie Mae’s …

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Limiting Mortgage Servicing Risk in Turbulent Times

As the nation continues struggling with concurrent health and economic crisis, mortgage lenders and servicers are working to assess creditworthiness and anticipate potential risk among aspiring homebuyers. The post Limiting Mortgage Servicing Risk in Turbulent Times appeared first on DSNews.

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This Week’s Housing and Economic Report

Annualized in Q2 2020, the gross domestic product, adjusted for inflation, plummeted 31.7%, according to the second estimate from the Bureau of Economic Analysis. That’s a bit better than the advance estimate of a 32.0% drop annualized. Private inventories, consumer spending, business fixed investment, and exports received the upward revisions. Meantime, compared to the prior quarter, which … The post This Week’s …

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