Five Minute Maturity – 11/12/2021

Good morning and welcome again to another Friday! I hope you enjoyed your day off yesterday. We don’t have any scheduled housing or mortgage news today. Most of the chatter this morning centers around the market reversal to lower prices that we saw Wednesday. Our...

Five Minute Maturity – 11/10/2021

Good morning and happy hump day! We cruised back into scheduled housing releases today with Mortgage Applications for the week ending Nov. 5th. It’s coming off a -3.3% for the prior week and printed +5.5% this morning. Sometime between now and the end of the...

Five Minute Maturity – 11/08/2021

Good morning and happy Monday! We do have some unscheduled stories today. First up, FHA has a delinquency problem. Before the pandemic, FHA serious delinquencies (90+ days) totaled 4% of all FHA mortgages. That number got to 12% in Feb. of 2021 and has fallen to 8.5%...

Five Minute Maturity – 11/05/2021

Good morning and welcome to the weekend! We don’t have any scheduled housing news today, but there are always stories of interest out there. First up, Freddie Mac has joined Fannie Mae in including borrower’s rent payments in the profile of borrower’s credit scores....

Five Minute Maturity – 11/01/2021

Good morning and happy Monday! Scheduled news comes in tomorrow, but today we have some interesting changes in the housing market. Mortgage fraud is on the rise in 2021, particularly in purchase applications. We’re seeing some type of fraudulent activity in 1 of every...