The Consumer Financial Protection Bureau (CFPB) issued guidance on debt collectors who threaten to foreclose on homes with mortgages past the statute of limitations, stating such actions could be in violation of the Fair Debt Collection Practices Act and its...
The U.S. delinquency rate fell below 3% for the very first time, according to new data from Black Knight Inc. (NYSE:BKI). The delinquency rate slid by 53 basis points (-15%) last month to 2.92%. In a press statement, Black Knight explained the March data was neither...
Roughly one-third (30%) of 25-year-olds owned their own homes in 2022, according to new data published by Redfin (NASDAQ:RDFN). This healthy percentage of Gen Z homeowners can be attributed to the pandemic era, when young adults who enjoyed strong financial health in...
After five consecutive weeks of being in decline, mortgage rates did an about-face and to an upswing, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTC:FMCC). The 30-year fixed-rate mortgage averaged 6.39% as of April 20, up from...
Independent mortgage banks (IMBs) transact more home loans in low- and moderate-income (LMI) neighborhoods and predominantly minority neighborhoods than and banks, according to a new report coordinated by the Urban Institute on behalf of the Mortgage Bankers...
The Federal Deposit Insurance Corp. (FDIC) has begun selling mortgage-backed bonds from Silicon Valley Bank and Signature Bank (OTC:SBNY). The Wall Street Journal reported the FDIC put up $700 million of high-quality mortgage-backed bonds yesterday as part of an...
