
Existing-Home Sales Fell 2.0% in August While Supply Reached a Decade High
NAR reported 3.98 million annualized sales and 4.9 months of inventory, the deepest supply in more than ten years.

NAR reported 3.98 million annualized sales and 4.9 months of inventory, the deepest supply in more than ten years.

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Illustrative residential architecture; not a property discussed in the article.
Original Estate Wire coverage
26 stories found · page 1 of 2
The mortgage giant's second-quarter earnings show the conservatorship-era income machine still running, even as it reports helping fewer than half a million households.
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A credit reserve release lifted second-quarter net income to $3.8 billion, even as single-family and multifamily delinquency both rose for a second straight year-over-year comparison.
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MGIC and Radian posted another profitable quarter as the GSEs let insurers choose between VantageScore and FICO for capital purposes — a change analysts call a work in progress, not a breakthrough.
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MBA's second-quarter survey found the seriously delinquent rate rising for a fourth straight quarter even as the seasonally adjusted headline number improved slightly.
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State regulators say the servicer force-placed hazard insurance on customers with active homeowners policies; New Jersey and Massachusetts even disagree on how many states joined.
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Banks told the Fed's quarterly loan officer survey that standards sit at the tighter end of their range since 2005 for every category except business loans, with home-loan demand weaker on balance.
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Shares in both mortgage giants fell on the news, and analysts read it as a signal that conservatorship exit had slipped down the agenda.
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A joint motion for a settlement conference — not a settlement — in a Fair Housing Act suit over a Denver refinance appraisal.
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The programme lets approved lenders substitute automated title review for a lender's policy on some low-LTV refinances.
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Ginnie Mae's July report shows how far the federally guaranteed channel has become the entry point to homeownership, as monthly issuance eased to $52.9 billion.
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The wholesale lender's origination volume held at $39.7 billion and margins widened, but a $603.2 million derivatives loss drove the quarter into deficit.
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The September change removes the written-approval requirement that had limited the alternative credit score to a partial rollout, while FICO 10T remains ineligible for delivery.
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HELOC balances reached $459 billion in the second quarter, $142 billion above their 2022 low, while a reporting artifact made mortgage debt appear to fall.
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Mortgagee Letter 2026-08, mandatory from September 21, treats a third refusal of a trial plan as a failure and limits repeat re-reviews that delay foreclosure.
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The program lets the VA buy up to 25% of a defaulted loan's balance as a subordinate lien, leaving the veteran's original mortgage rate untouched.
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The June 23 package removes a quality-control requirement estimated to save the industry $3.3 million a year and doubles allowable draws under the limited rehabilitation program.
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Pennymac went to $850,000 and UWM to $847,440 in September, ahead of an FHFA announcement not due until November.
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Freddie Mac's weekly survey shows the 2026 low at 5.98% in late February and a September high of 6.95% — with April through June unusually flat in between.
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MBA's weekly survey covers roughly three-quarters of US retail residential applications, and in 2026 the refinance component moved several times faster than purchase demand.
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MBA's National Delinquency Survey recorded an 18 basis-point quarterly increase, with foreclosure starts still historically low at about 0.24% of loans.
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