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Strong 2019 Close Pushes Mortgage Delinquenices to Near-Record Low: Black Knight

Strong 2019 Close Pushes Mortgage Delinquenices to Near-Record Low: Black Knight

Thursday, 30 January 2020
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December saw a strong improvement in the national delinquency rate (down 3.75% from November and more than 12% from last year). At 3.40%, 2019 ended with the delinquency rate within 0.04% of the record low set back in May. Read more...
Howard Bancorp to Shutter Mortgage Lending Business

Howard Bancorp to Shutter Mortgage Lending Business

Sunday, 26 January 2020
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Howard Bancorp., the parent company of Maryland’s Howard Bank, announced plans to close down its mortgage lending operations. Read more...
Mortgage Applications Fall After Hot Start to 2020

Mortgage Applications Fall After Hot Start to 2020

Wednesday, 29 January 2020
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Mortgage activity, which started the year strong out of the gate, has softened somewhat but remains historically robust. So reports CNBC. Read more...
FICO to Launch New Versions of Credit Scores

FICO to Launch New Versions of Credit Scores

Sunday, 26 January 2020
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Fair Isaac Corp., the organization behind the commonly used FICO credit scores, has two new tools for lenders on the way this summer, the FICO Score 10 and the FICO Score 10 T. So reports MarketWatch. Read more...
Rates Tumble, But That’s a Mixed Bag for Home Buyers

Rates Tumble, But That’s a Mixed Bag for Home Buyers

Tuesday, 28 January 2020
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While mortgage rates slumped last week to their lowest level since October, market observers say that perpetually low rates have both pros and cons for prospective home buyers. So reports MarketWatch. Read more...
Bill Bodnar of MMG: Rates Remain Steady Amid Lots of Good News

Bill Bodnar of MMG: Rates Remain Steady Amid Lots of Good News

Sunday, 19 January 2020
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Bill Bodnar of The Mortgage Market Guide discusses the U.S.-China trade deal, which lifted some uncertainty, the wave of good economic news and the fact that stocks hit an all-time high. Read more...
Consumer Sentiment for January Holds Strong

Consumer Sentiment for January Holds Strong

Wednesday, 22 January 2020
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Americans’ economic outlook has stayed upbeat, supported by robust employment and soaring stock markets, signaling spending will keep rising. So reports Bloomberg. Read more...
Construction Hits 13-Year High, But Lacks Workers

Construction Hits 13-Year High, But Lacks Workers

Friday, 24 January 2020
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As new government figures arrive showing a sharp uptick in new U.S. home construction in December, a Federal Reserve official has warned that building is being held back by a labor shortfall. So reports MarketWatch. Read more...
Annual Foreclosures Sink to Pre-Crisis Record Low

Annual Foreclosures Sink to Pre-Crisis Record Low

Thursday, 23 January 2020
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U.S. foreclosure activity last year tumbled to the lowest level since ATTOM Data Solutions started keeping track in 2015, the property data provider has announced. Read more...
Rates Inch Higher, But Geopolitics Could Help Borrowers

Rates Inch Higher, But Geopolitics Could Help Borrowers

Sunday, 19 January 2020
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While long-term mortgage rates edged upward last week, experts said ongoing global political uncertainty could benefit prospective home buyers. So reports MarketWatch. Read more...

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