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FHFA: Delinquencies Still on Rise; GSEs reducing Portfolio Risk
While delinquencies are still on the rise reflecting a continued weak economy and rising unemployment, Fannie Mae and Freddie Mac are also increasing the activity of the HAMP program. At the same time the GSEs are looking to the credit-worthiness of new loans coming into their portfolios.rn
ISM Services Report Growth, Employment Lingers
The Institute for Supply Management said its non-manufacturing index rose to 50.9 last month, marking the first sign of growth in a year and the highest level since May 2008. A score above 50 indicates overall growth; analysts had only forecast a 48.8 score after the 48.4 level is August.
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By John Gittelsohn August 24, 2020, 4:00 AM PDT Some of the largest real estate investors are walking away from Read More...
Late-Stage Delinquencies are SurgingAug 21 2020, 11:59AM Like the report from Black Knight earlier today, the second quarter National Delinquency Survey from the Read More...
Published by the Federal Reserve Bank of San FranciscoIt was recently published by the Federal Reserve Bank of San Francisco, which is about as official as you can Read More...