More Americans are renting now than at any time during the last half century – largely because many simply can’t afford a mortgage payment on the average home
Canadian buyers help drive a 49% surge
Housing affordability continued to slide in the third quarter, spurred by rising rates and increased prices.
Mortgage applications for new home purchases were up in October.
Customers are more satisfied with the mortgage process than they have been in years.
An increase in judicial foreclosure actions led to an uptick in foreclosure filings last month.
HUD has been selling underperforming mortgages in an effort to keep homeowners in their houses, but the agency decided the bids on the latest batch were too low to accept.
A White House economist has stressed the need for a continued government mortgage guarantee, regardless of the fate of Fannie and Freddie