For the GSEs, delinquency has dropped, according to the latest Foreclosure Prevention Report from the Federal Housing Finance Agency (FHFA). According to data from the FHFA, Fannie Mae and Freddie Mac’s overall delinquency rate fell in Q2, with the 60-plus-day delinquency rate dropping to 1.2 percent at the end of the quarter. However, the 30-59 days delinquent increased to 1.3 percent. The Continue Reading
Archives for September 2018
A decade after the housing crash, a new story emerges
As many as 10 million Americans are believed to have lost their homes because of the financial crisis that erupted a decade ago, according to the St. Louis Federal Reserve. The crisis wiped out almost $8 trillion in household stock-related wealth and $6 trillion in home value after banks, mortgage lenders and financial companies provided loans to speculators, house flippers and people who couldn't Continue Reading
A Decade Later, What Has Changed in Housing?
Ten years after the financial crisis, Brookings Center on Regulations and Markets [1] looks back on the measures taken in the years since designed to prevent another crisis, both nationally and globally. Michael Calhoun, President of the Brooking Center for Responsible Lending, notes in his piece titled “Lessons From the Financial Crisis” that an important takeaway from the crisis was the role the Continue Reading
