The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 3.56% by the end of the first quarter of this year, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. This...
Last month saw a total of 32,977 U.S. properties with foreclosure filings, a 10% decline from the previous month but an 8% uptick from one year earlier. According to data from ATTOM, one in every 4,234 housing units had a foreclosure filing in April. Lenders started...
Homebuyers will suffer if President Biden and the GOP leadership cannot reach an agreement on the debt ceiling, according to a data analysis from Zillow Group (NASDAQ: Z, ZG). While acknowledging that a debt default was “very unlikely” Zillow predicted mortgage rates...
Dallas-based Mr. Cooper Group Inc. (NASDAQ: COOP) has acquired all outstanding shares the wholesale lender Home Point Capital Inc. (NASDAQ: HMPT) for approximately $324 million in cash. As part of the transaction, Mr. Cooper will assume $500 million in outstanding...
There was buoyant activity in the home loan market last week, according to data from the Mortgage Bankers Association (MBA). The trade group’s Market Composite Index was up by 6.3% on a seasonally adjusted basis from one week earlier, while the unadjusted index was...
Mortgage credit availability dropped in April to a level not seen since January 2013, according to the latest Mortgage Credit Availability Index (MCAI) report from the Mortgage Bankers Association (MBA). The MCAI dipped by 0.9% to 99.6 in April – the index was...
