Delinquencies Take Another Dive by Aly Yale

Delinquencies, foreclosures, and homes in negative equity are continuing to free fall, according to the Urban Institute’s Housing Finance at a Glance monthly chartbook. Shares of all three declined over the quarter and the year. According to the chartbook, ever-rising home prices are playing a big role in the continuing decline of underwater mortgages. “With housing … Continue reading Delinquencies Take Another Dive by Aly Yale

SFR: How Does it Affect Homebuyers? by Brianna Gilpin

By now you’ve probably heard of the huge business deal that closed in the single-family rental (SFR) market last week. If not—Invitation Homes and Starwood Waypoint Homes, two of the largest SFR landlords merged. It was a $4.3 billion dollar deal with a combined 82,000 homes in 17 metro areas. Pocket change, right? The merger … Continue reading SFR: How Does it Affect Homebuyers? by Brianna Gilpin

A Mortgage Mystery: What Happens to ARMs When Libor Goes Away? by Christina Rexrode

The Libor index is going away. For U.S. consumers, its demise is most likely to be felt in adjustable-rate mortgages.  So-called ARMs -- where the interest rate rises and falls with broader indexes -- are often closely tied to Libor, or the London interbank offered rate. While ARMs are out of favor these days, they … Continue reading A Mortgage Mystery: What Happens to ARMs When Libor Goes Away? by Christina Rexrode