Economist: TRID is Not Affecting Housing Market Potential DSNews by: Brian Honea January 19, 2016 While November’s substantial decline in existing-home sales was largely attributed to the impact of the TRID, or “Know Before You Owe” mortgage rule, which went into effect on October 3, one economist said the CFPB’s controversial rule is […]
Tag: Housing
The Week Ahead: Housing Policy and the State of the Union Address
The Week Ahead: Housing Policy and the State of the Union Address DSNews by: Brian Honea January 10, 2016 Here’s a look at the news and events that will shape housing and mortgage finance in the week ahead for DS News. On Tuesday, January 12, President Barack Obama will deliver his eighth and final […]
Fannie Mae Change Aimed at Helping More Struggling Borrowers Avoid Foreclosure
DSNews By: Brian Honea December 7, 2015 The GSEs have made helping families avoid foreclosure one of their top priorities since the start of the housing crisis, and Fannie Mae just announced an update to support a policy change to assist in that initiative. Fannie Mae announced it has updated its Servicing Management Default Underwriter […]
Housing Outlook for 2016: Higher Home Sales and Prices, Falling Refi Volumes
DSNews By: Kerri Panchuk December 7, 2015 The year 2016 is expected to usher in the creation of 1.25 million new households, higher rental demand, increased home sales, and a rise in home purchase loan originations even as refinancing volume plummets, CoreLogic’s Chief Economist predicted Monday. Dr. Frank Nothaft, senior vice president and chief economist […]
Why Are Discounted Distressed Sales Not Pulling Down Non-Distressed Home Prices?
DSNews BY: Brian Honea December 3, 2015 Why Are Discounted Distressed Sales Not Pulling Down Non-Distressed Home Prices? When distressed properties account for a large share of all residential home sales, it tends to pull down the prices of non-distressed homes, since foreclosed and REO properties typically sell at a discount to non-distressed […]
Foreclosure Inventory Rate Drops to Below Pre-Recession Levels
DSNews By: Brian Honea With nearly a 30 percent year-over-year decline in June, the nation’s foreclosure inventory rate—the share of residential homes with a mortgage in some state of foreclosure—is at 1.2 percent, the lowest level since 2007, according to CoreLogic‘s June 2015 National Foreclosure Report released Tuesday. The foreclosure inventory rate has now declined year-over-year […]
Presidential Candidates Urged to Address Housing Crisis on Campaign Trail
DSNews By: Brian Honea June 15, 2015 A former U.S. Senator and a former U.S. Department of Housing and Urban Development Secretary combined to urge 2016 presidential candidates to address the issues of a lingering American housing crisis. In a piece published as a Fox News Opinion earlier this week, Scott Brown, a […]
Outlook for Housing and Economy Remain Positive Despite Q1 GDP Contraction
DSNews by: Brian Honea In its second of three estimates of real gross domestic product (GDP) growth for the first quarter released Friday, the U.S. Bureau of Economic Analysis (BEA) issued a downward revision of what analysts had already deemed “paltry” growth of 0.2 percent in the advance estimate for Q1 reported at the end of April. […]
REO Share Still Way Above ‘Normal’ Levels in Many Metros
The Daily News by: Brian HoneaThe national percentage of residential single-family properties that were REO was 10 percent as of February 2015, which is five times its pre-crisis share (2 percent), meaning that in many metro areas the REO share is still way above pre-crisis levels, according to CoreLogic Senior Economist Molly Boesel.In CoreLogic’s May […]
Mortgage Delinquency Rate Declines for 12th Straight Quarter
DSNews: By Author: Brian Honea February 18, 2015 The nation’s mortgage delinquency rate for loans 60 days or more overdue continued its steady decline in the fourth quarter of 2014, falling to 3.29 percent – representing a 14 percent drop from the same quarter in 2013 (3.84 percent), according toTransUnion‘s latest mortgage report released Wednesday. Q4 was […]
