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13.05.26 - 19:42
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Goldman Flags Troubling Mortgage Delinquency Rise Across This U.S. Region (ZeroHedge)
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Goldman Flags Troubling Mortgage Delinquency Rise Across This U.S. Region
Mortgage delinquencies fell slightly in March, with the first-lien delinquency rate declining to 3.35%, down 37 basis points from February, as seasonal factors and tax refunds supported borrowers.
The real estate and mortgage industry outlet HousingWire cited Intercontinental Exchange's May 2026 Mortgage Monitor report, which showed that while the overall mortgage delinquency rate fell in March, there was still concern over serious delinquencies and foreclosures, which are up by 154,000 borrowers from one year ago.
The increase was driven mostly by FHA loans, which rose by 164,000 and now account for a record 55% of seriously past-due mortgages. Overall, 1.6% of active mortgages are seriously delinquent, up 20% year over year.
Adding to the mortgage delinquency story is Goldman analyst Jason Acosta, who released a note earlier today, showing what he described to clients as the "chart of the day."
The chart indicates tha...
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13.05.26 - 16:12
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′This is not a World Cup for the people′: residents in host cities sound alarm over housing affordability (The Guardian)
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Organizers are concerned Fifa tournament will deepen housing crisis as short-term listings spawn and unhoused people are further displaced in sweepsMore than 10 million people are expected to visit the US for the World Cup this summer. However, where and how to accommodate these visitors has been a concern among residents and affordable housing advocates in host cities from Seattle to Atlanta.Hotels remain under-booked in America's 11 host cities, while short-term rental listings in some cities have increased by as much as 30% in recent weeks. To incentivize homeowners and landlords to become hosts during the World Cup, platforms such as Airbnb are offering a $750 sign-up bonus, with some rental listings already reaching $6,000 a night. Advocates worry that an increase in short-term listings will lead to a tighter rental market and higher rents for residents in host cities. Continue reading......
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13.05.26 - 07:42
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Trump Tower on Gold Coast scrapped because brand ′toxic to Australians′ (The Guardian)
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The Surfers Paradise development has been abandoned with Altus Property Group and the Trump Organization blaming each other The little-known property developer and the US president's son were all smiles when they shook hands on Valentine's Day within the gilded walls of Mar-a-Lago on a deal they claimed would bring a Trump Tower to Australia's Gold Coast.But that dalliance has been dashed in less than three months, with the developer now claiming the Trump brand is now too “toxic” to work with – and the Trump Organization responding that their local partner had provided only “empty promise, after empty promise”. Continue reading......
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