Tuesday , 26 January 2021

Market Studies

Rising Sea Levels Threaten Affordable Housing Supply

Flooding and other natural disasters are increasing due to carbon emissions and climate change, scientists say, putting the nation’s already dwindling affordable housing supply at risk, according to a peer-reviewed environmental research paper entitled, “Sea Level Rise and Coastal Flooding Threaten Affordable Housing,” by Climate Central and the National Housing Trust. The letter presents the … The post Rising Sea …

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New Forbearance Requests, Re-entries Lead to Overall Increase

Total loans in forbearance during the week ending November 22 increased 6 basis points relative to the prior week—from 5.48% to 5.54%, according to the Mortgage Bankers Association’s (MBA) Forbearance and Call Volume Survey published Tuesday. The MBA estimates 2.8 million homeowners are in forbearance plans. The increase was across all loan and servicer types, … The post New Forbearance …

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FHA/VA Forbearance Plans Drive Increase in Activity

The data analysts at Black Knight on Friday published weekly forbearance numbers. Due to the Thanksgiving holiday, the data covered activity through Monday (November 23) as opposed to the usual one-week period. According to a Black Knight representative, in summary, the number of mortgages in active forbearance saw another slight increase this week, increasing by 27,000 … The post FHA/VA Forbearance …

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Freddie Mac Publishes Volume Report

The latest monthly volume report from Freddie Mac found a growing mortgage portfolio and a declining level of single-family delinquencies. Freddie Mac reported that its entire mortgage portfolio totaled $137.2 billion in October, an annualized rate of 25.7%. One year ago, the portfolio totaled $51.1 billion. The single-family refinance-loan purchase and guarantee volume in October … The post Freddie Mac …

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Most Foreclosures are on Vacant, Abandoned Properties

Despite widespread foreclosure moratoria, completed foreclosure auctions are percolating, the Q4 Distressed Market Outlook from Aution.com shows. While remaining below 78% below year-ago levels, there was a 24% uptick of completed foreclosure auctions to a six-month high in September. That said, the moratoria have played a part in creating a backlog of likely foreclosures that … The post Most Foreclosures …

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The Suburbs’ Changing Demographics

Over the last decade, U.S. suburbs have become more racially and ethnically diverse—not to mention more Democratic, according to Redfin.com. To get a better handle on this transition, the company studied data from the U.S. Census, along with Redfin’s housing market data and voting margins from the last three presidential elections. Among key findings, in … The post The Suburbs’ …

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Homeownership for Black Americans Comes With Fewer Benefits

Owning a home is a tool for building wealth and stability, but a report from researchers at the Urban Institute indicates that is less applicable to people of color. Not only do Black Americans face more barriers to homeownership, but they also accrue less wealth than their White counterparts when they become homeowners. And the … The post Homeownership for …

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Forbearances vs. Natural Disasters: Lessons in Damage Mitigation

The forbearance rate during the early part of the COVID-19 pandemic was roughly identical to the rate recorded during the devastating 2017 hurricane season that ravaged regions throughout the Gulf Coast and Atlantic Coast, according to new research published by Freddie Mac. During the pre-pandemic period of January 2019 to February 2020, the forbearance rate … The post Forbearances vs. …

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