Five Minute Maturity – 11/17/2021

Good morning and happy hump day! Today was a big news day, with Mortgage Applications early, then Housing Starts and Building Permits for Oct. Mortgage Applications for the week ending Nov. 12 followed a strong +5.5% for the prior week and came in -2.8% today. On the...

Five Minute Maturity – 11/15/2021

Good morning and happy Monday! We start getting back into scheduled housing news releases tomorrow. For today, let’s start with forbearances. More than 200,000 homeowners have exited forbearance programs in the past two weeks, taking the total to under 2% of total...

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%...