Written by Tod Snodgrass | September 1, 2022 The number of NOD pre-foreclosures notices are on the rise. Fortune magazine reports they are up triple digits in 2022 compared to 2021. There are several factors causing the uptick: COVID mortgage forbearance overhang, the current recession, rapidly rising interest rates this year, etc. The increase in the …
Published by Breitbart News | September 1, 2022 When the housing bubble of the first decade of the twenty-first century burst, there was widespread agreement that one of the culprits was mortgages that required little or no money down. The dark lord of no-money-down mortgages emerged this week in the form of a new home loan …
Breitbart: How to Build an Antiracist Housing Bubble Read More »
Published by FOX Business | August 26, 2022 New listings plunged 15% year-over-year during the four week period ending Aug. 21 A growing number of home sellers are becoming even more reluctant to list their properties on the market as asking prices fall in reaction to waning demand. New listings for homes for sale dropped 15% during …
Published by Breitbart News | August 23, 2022 Sales of newly built houses in the United States fell by more than expected in July, confirming a slump in the housing market seen in surveys of home builders. Purchases of new single-family homes fell 12.7 percent compared with the previous month to a seasonally adjusted annual …
New Home Sales Crash As Recession Grips Housing Market Read More »
Published by Forbes.com | August 17, 2022 “A bona fide recession looks more likely than not over the next year,” prophesies one economist as the housing market rapidly cools. Despite falling mortgage rates providing some relief to potential home buyers, mortgage applications fell to the lowest level since the turn of the century last week—providing …
Mortgage Demand Falls To New 22-Year Low As Housing Market Fuels Recession Fears Read More »
Published by FOX Business | August 11, 2021 The national home price average crossed $400,000 for the first time Mortgage rates resumed their upward climb along with home prices. Rates for a 30-year fixed mortgage rose to 5.22% from 4.99%, according to Freddie Mac’s weekly data. “Although rates continue to fluctuate, recent data suggest that the housing …
Published by FOX Business | August 4, 2022 Carroll CEO says 30-year mortgage temporarily falling as people ‘flee to safety’ in uncertain market Just because 20 and 30-year fixed mortgage rates have tumbled in recent days, doesn’t mean it’s the right time to buy or sell your home, according to one real estate expert. “The people …
Mortgage Rates Temporarily Fall as Home Buyers ‘Flee to Safety’ Read More »
Published by Housing Wire | January 29, 2020 Fannie Mae’s bulletin also provides several examples of fraudulent activity that lenders should be on the lookout for. Back in 2018, Fannie Mae issued a warning to lenders after identifying more than 30 apparently fake companies that were appearing on borrowers’ mortgage documentation as their place of employment. There …
Fannie Mae: Growing List of Fake Employers Showing up on Mortgages Read More »
Published by the New York Post | July 28, 2022 Mortgage rates have risen steadily as the Federal Reserve hikes its benchmark interest rates in a bid to cool the economy. U.S. home prices are on the cusp of a major correction due to “cratering” demand among cash-strapped buyers, a prominent economist warned in a …
Economist: U.S. Home Prices to Plunge ‘Substantially’ on ‘Cratering’ Demand Read More »
Published by FOX Business | July 27, 2022 The survey found stabilizing mortgage rates and increases in for-sale inventory The Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey found mortgage applications fell 1.8% for the week ending July 22, 2022, from the previous week. The decrease was the fourth week in a row as home purchase …
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