navycmdr
2 hours ago
Patrice Ficklin, @CFPB's head of fair lending, to leave for @FannieMae https://t.co/G1x7TqlYuE— National Mortgage News (@NatMortgageNews) July 2, 2024
News Release - FHFA Releases Data Visualization Dashboard for NMDB Outstanding Residential Mortgage Statistics
Data provides information about active residential mortgages in the United States.
IMMEDIATE RELEASE - 07/02/2024
Washington, D.C. โ The Federal Housing Finance Agency (FHFA) today published updated aggregate statistics from the National Mortgage Database (NMDB®) and launched the NMDB Aggregate Statistics Dashboardโa new data visualization tool for the NMDB Outstanding Residential Mortgage Statistics.
โThe release of updated data will allow stakeholders to better understand emerging mortgage and housing market trends,โ said Director Sandra L. Thompson. โAdditionally, the new dashboard will ensure that information about the volume and characteristics of mortgages held by U.S. households is more easily accessible and available to the public.โ
Todayโs release describes outstanding residential mortgage debt at the end of the first quarter of 2024. Highlights include:
--- There were 50.8 million outstanding mortgages with unpaid balances totaling $11.7 trillion at the end of the first quarter of 2024.
--- 21.9 percent of outstanding mortgages have interest rates below 3 percent, down slightly from a high of 24.6 percent in the first quarter of 2022. 14.3 percent of outstanding mortgages have interest rates of 6 percent or higher.
--- Adjustable-rate mortgages (ARMs) account for 3.5 percent of outstanding mortgages, down from 9.6 percent one decade ago.
--- The median monthly payment among outstanding mortgages is $1,520.
--- The average credit score among borrowers with an active loan is 743.
NMDB Aggregate Statistics include summary statistics derived by aggregating data in the NMDB. The NMDB is a de-identified database of closed-end first-lien residential mortgages, containing a nationally representative sample of mortgages in the United States. To make NMDB statistics available to the general public, FHFA produces the NMDB Aggregate Statistics. More information about the NMDB Aggregate Statistics is available on the FHFA website.
Publication of aggregate statistics from NMDB is a step toward carrying out the statutory requirements of section 1324(c) of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as amended by the Housing and Economic Recovery Act of 2008. The statute requires FHFA to conduct a monthly mortgage market survey to collect data on the characteristics of individual mortgages, both Enterprise and non-Enterprise, and to make the data available to the public while protecting the privacy of the borrowers.
Kelly v US, / Wazee v. FHFA $FNMA #FANNIEGATE https://t.co/6BOztauHm2 pic.twitter.com/JPuMfqTuQU— Fanniegate Hero (@DoNotLose) July 2, 2024
nagoya1
5 hours ago
There is no date set, the GSEs are dealing with a clown judge that has been dragging his butt for the longest time, has spoken on many occasions with biased opinions in court, has extended every trial every possible way, has made tons of dubious choices, and has continued to be incompetent.
Please feel free to contact his superiors to find out when "hunting for wabbit" judge expects to start doing his real job or retiring.
The 8-0 jury win for shareholders doesnโt seem to influence any of his decisions.
Fnma