Housing Market “Rhymes” Wild 1980s Market

Housing Market “Rhymes” Wild 1980s Market

Today’s housing market proves that history does, in fact, recycle its best hits. But it’s not 2008 getting a re-do. That’s according to First American Financial’s Chief Economist Mark Fleming, who notes that the market of today is closer to that of the 1980s– not an exact comparison, but close enough to glean insights. “Today’s…

Home Prices See Largest Monthly Drop Since 2009
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Home Prices See Largest Monthly Drop Since 2009

Home prices fell for a second consecutive month in August, with prices seeing the sharpest contractions in more than 13 years. Black Knight’s latest Mortgage Monitor Report showed huge price drops month-over-month and stalling inventory levels. Its Home Price Index saw prices decline 0.98%, with the median home price now 2% off its June peak….

Are Million-Dollar Conforming Loan Limits A Market-Crash Flashback?
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Are Million-Dollar Conforming Loan Limits A Market-Crash Flashback?

By KIMBERLEY HAAS Mortgage giants Fannie Mae and Freddie Mac have raised their limits on government-backed loans to $647,200 in most of the country and nearly $1 million in some high-cost American communities.  Does that mean lenders are repeating the same mistakes which led to the 2008 crash? This 18% hike in the size of conforming loans…

A New Gold Rush For Lenders? Benefitting From The Great Resignation
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A New Gold Rush For Lenders? Benefitting From The Great Resignation

By KIMBERLEY HAAS As the COVID-19 pandemic continues and workers reevaluate their commitment to metropolitan life, lenders in smaller cities stand to benefit from what is being termed the “Great Resignation.” It is estimated that about 4.4 million Americans quit their jobs in September after months of dramatic departure numbers, which means those employees are…

Little Change In Forbearances Mid-Month
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Little Change In Forbearances Mid-Month

The number of loans in forbearance stayed more or less the same as exits stalled mid-month, making up 1.9% of all active mortgages, according to Black Knight’s blog, Vision. November has hit a lull in its third week that mimics similar slowdowns in the last few months. Black Knight has characterized these declines as “expected.”…

CFPB Announces Stepped Up Enforcement

CFPB Announces Stepped Up Enforcement

The Consumer Financial Protection Bureau (CFPB) released a joint statement with other government agencies to mortgage servicers announcing a return to enforcement of protections for families and homeowners. The statement cited an April 2020 decision not to take “supervisory or enforcement action” regarding the timing requirements of the Regulation X mortgage servicing rules during the…

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