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Tag Archives: Delinquency

Survey: West Home to Healthiest Housing Markets

A recent Zillow survey of market conditions around the country shows the healthiest markets can be found in the West, with San Jose, San Francisco, Los Angeles, San Diego, and Denver outclassing the rest of the country. Zillow chief economist Dr. Stan Humphries explained that rapid home value appreciation has improved local conditions in those markets, though the hit they'll take in terms of affordability may soon create unhealthy environments in what were once the healthiest markets.

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The Bright Side of Tight Credit

Though tightened underwriting standards have been partly to blame for why housing isn't recovering faster, CoreLogic's Sam Khater says the silver lining is that loan performance has improved greatly. "While there has been much consternation about underwriting being too tight in the context of forthcoming mortgage regulations, one underappreciated outcome has been the very good performance of mortgages during the last few years," Khater said in an article in CoreLogic's most recent Marketpulse report.

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New Business at Freddie Mac Falls to 1 1/2-Year Low

Freddie

September marked the third straight month of declining business for Freddie Mac, with purchases and issuances coming in at their lowest level in almost a year and a half. Freddie Mac's total mortgage portfolio shrank at an annualized rate of 4.3 percent in September, contracting at a slightly lessened pace compared to August's -5.0 percent growth rate. New business fell for the second straight month, with purchases and issuances totaling approximately $28.2 billion--the lowest since April 2012 ($25.9 billion).

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Fannie Mae’s Book Sees Another Drop in August

Fannie Mae's book of business fell in August at a compound rate of 0.8 percent, a slower pace than -1.7 percent in July. Year-to-date, the book's average monthly growth rate was -1.1 percent as of the end of the month. The secondary market giant's gross mortgage portfolio continued to drop, though the rate of contraction was slower at 29.6 percent negative growth. Year-to-date, the average monthly growth rate for the portfolio was -23.1 percent in August. New business acquisitions were also down.

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August Business Sinks at Freddie Mac

Freddie

Freddie Mac's mortgage portfolio shrank in August at the fastest rate so far this year. The portfolio contracted at a rate of 5.0 percent, turning down further from July's -1.7 percent growth rate.

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