Tag Archives: fourth

NAB lifts rates for the fourth time this year

Australia’s third largest home loan lender has hiked fixed rates for the fourth time this year. NAB lifted rates for owner-occupiers by 0.6 percentage points and for investors paying principal and interest by 0.75 percentage points.  RateCity.com.au showed NAB’s fixed rate changes for owner-occupiers:   Old rate […]

Homebuilder sentiment drops for fourth straight month

A contractor uses a hammer while working on townhouse under construction at the PulteGroup Metro housing development in Milpitas, California. David Paul Morris | Bloomberg | Getty Images Sharply rising mortgage rates are taking their toll on the nation’s homebuilders, as already pricey new construction becomes even less affordable.  Builder confidence in the market for […]

Mortgage loan modifications rose 40% in fourth quarter: OCC

Serious delinquencies improved in the fourth quarter of 2021 but modifications and foreclosure starts rose as borrowers exited forbearance in droves, according to the Office of the Comptroller of the Currency. Completed modifications and initiated foreclosures each increased by roughly 40% on a consecutive-quarter basis while the percentage of loans with payments 60 or more […]