Fannie Mae: Mortgage Serious Delinquency rate declined in June, Lowest since August 2008

Posted July 31, 2015 / No comments

Fannie Mae reported today that the Single-Family Serious Delinquency rate declined in June to 1.66% from 1.70% in May. The serious delinquency rate is down from 2.05% in June 2014, and this is the lowest level since August 2008. The Fannie Mae serious delinquency rate peaked in February 2010 at 5.59%. Note: These are mortgage

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Freddie Mac: Mortgage Serious Delinquency rate declined in June, Lowest since November 2008

Posted July 31, 2015 / No comments

Freddie Mac reported that the Single-Family serious delinquency rate declined in June to 1.53%, down from 1.58% in May. Freddie’s rate is down from 2.07% in June 2014, and the rate in June was the lowest level since November 2008. Freddie’s serious delinquency rate peaked in February 2010 at 4.20%. These are mortgage loans that

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Recovery has wage winners, losers

Posted July 31, 2015 / No comments

Wage growth has been unevenly spread among different industries and demographic groups….(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Source: Mortgage News Daily

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Ocwen tanks in wake of poor second quarter results

Posted July 31, 2015 / No comments

After seeing its income from operations in the second quarter fall nearly $100 million from last year and despite the company’s CEO saying that the company “made positive strides on many fronts in the second quarter,” Ocwen Financial is taking a beating on the stock market on Friday. So what’s causing Ocwen’s drop? Source: Housing

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Where to invest in housing: Rent or own?

Posted July 31, 2015 / No comments

Which is the better bet: Stocks of the nation’s homebuilders or stocks of multi-family real estate investment trusts (REITs)?…(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Source: Mortgage News Daily

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