Posted To: Pipeline Press

Three weeks ago the Commentary included a webcam shot of Warrior Canine Connection’s Puppy Cam . (They’ve grown. Rated PG, depending on what they’re up to when you tune in.) What hasn’t grown is Blockbuster Video (remember it?), and thank you to Faith M. for sending in a notice of Blockbuster’s last store in Bend, Oregon, which is now an Airbnb. And what has skyrocketed is the delinquency rate for US Federal Housing Administration mortgages. The Mortgage Bankers Association tells us that it increased to 16 percent in the second quarter, the highest figure in records dating to 1979, and nearly triple the 6.7 percent rate for conventional mortgages. It is certainly impacting servicing values. More FHA news below. Lender Services and Products In a world of chaos and…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: Mortgage News Daily