The riskiness of first-time buyer agency mortgages stood at 15.55% in August, part of a continuing trend, according to the American Enterprise Institute’s International Center on Housing Risk. It's a trend that doesn't bode well.
On April 28 the International Center on Housing Risk will release its briefing on the National Mortgage Risk Index and its State Mortgage Risk Indices for March 2014, but HousingWire has a preview available now and the risk is growing.
On March 24 the International Center on Housing Risk will release a briefing on its National Mortgage Risk Index and its State Mortgage Risk Indices, but HousingWire has a preview available now and the risk in housing is growing.
According to Verizon’s 2019 Data Breach Investigations Report, 10% of the 2,013 breaches that occurred in 2018 were within the financial industry. Personal data was compromised in 43% of those breaches, which were largely attributed to privilege misuse, errors or unsecure web applications.
Rising interest rates often cause homebuyers to think twice about moving forward with a mortgage. In April, mortgage applications fell more than 7% after 30-year fixed mortgage rates reached a high for the month.