The national delinquency rate increased by 90.22%, according to Black Knight's latest Mortgage Monitor Report, with 1.6 million new delinquencies since March and a rate of 6.45%, the largest single-month increase on record.
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The House Financial Services Committee held a virtual roundtable to discuss the impact COVID-19 has had on the U.S. Housing Market.
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For the week ending on May 23, Zillow reported its findings on the shifts occurring in housing market data, specifically showing an uptick in buyers and sellers movement on the market.
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According to the latest weekly survey conducting by Mortgage Bankers Association (MBA) for the week ending on May 22, spring has brought a surge in mortgage applications to the housing industry.
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An additional 2.12 million Americans filed for unemployment claims for the week ending on May 23, according to the U.S. Department of Labor.
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Fannie Mae and Freddie Mac completed 8,836 foreclosure prevention actions in February, according to the latest data from the Federal Housing Finance Association (FHFA). This brings the total to 4,424,910 since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan modifications.
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