The delinquency rate for mortgages on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.62% of all loans outstanding at the end of the third quarter, according to new data from the Mortgage Bankers Association (MBA). The third...
Total mortgage balances were up 3.2% during the third quarter while total mortgage origination plummeted by 36.5%, according to new data from TransUnion (NYSE: TRU). After recording a slight decline in the second quarter, mortgage balances increased to $11.8 trillion...
Investor purchases of residential properties plummeted by 29.7% year-over-year during the third quarter, according to new data from Redfin (NASDAQ:RDFN). Investors purchased 48,667 homes between July and September, or 15.9% of all homes sold during that period, the...
More than 80% of the major U.S. metro markets, or 182 out of 221, posted home price gains in the third quarter, according to data from the National Association of Realtors (NAR), which noted that 11% of the tracked metro areas registered double-digit price increases...
Mortgage application activity was on the rise in the latest data from the Mortgage Bankers Association (MBA), which tracked the week ending Nov. 3. The Market Composite Index, the trade group’s measure of mortgage loan application volume, was up by 2.5% on a...