Fannie Mae and Freddie Mac completed 38,968 foreclosure prevention actions in Q1 2019, bringing the total number of foreclosure prevention actions to 4,322,804 since September 2008 according to the latest Federal Housing Finance Agency (FHFA) Foreclosure Prevention Report. Of the over four million foreclosure prevention actions taken by the GSEs, the FHFA notes that actions, 3,629,411 have helped Continue Reading
Archives for June 2019
Trends in Homeowner Equity
Homeowners saw their equity increase year over year while negative equity declined, according to the latest CoreLogic Homeowner Equity Insight report. CoreLogic states that U.S. homeowners with mortgages have seen their equity increase by a total of nearly $485.7 billion since the first quarter 2018, a 5.6% year over year increase. However, negative equity rose in that time as well, but is still Continue Reading
Another Housing Bubble Ahead?
Research from the Black Knight indicates that the current demand for houses is largely driven by families seeking to purchase homes and not by speculators, which, according to the Urban Institute, means that we are at less risk of entering a housing bubble. Urban Institute’s analysis of Black Knight’s house price index (HPI) reveals that home prices appear to be losing momentum. In comparison Continue Reading
