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Lending (1516)

Less Than 1 in 10 Homeowners in Forbearance Hold 10% or Less Equity: Black Knight

Less Than 1 in 10 Homeowners in Forbearance Hold 10% or Less Equity: Black Knight

Wednesday, 10 June 2020
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Forbearance volumes fell between May 26 and June 2, the first time since the crisis began, according to data from Black Knight. As such, the focus of industry participants–especially servicers and mortgage investors–must now shift from pipeline growth to pipeline management and downstream performance of loans in forbearance. That's according to Ben Graboske, President of… Read more...
Government Now Guarantees 98% of New Mortgage Debt

Government Now Guarantees 98% of New Mortgage Debt

Friday, 12 June 2020
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Since the coronavirus hit, the federal government has taken on an even bigger role as a backstop for the $11 trillion housing debt market, according to Barclays. So reports MarketWatch. Read more...
Unemployment Rate Drops, a Positive Surprise for Economy

Unemployment Rate Drops, a Positive Surprise for Economy

Tuesday, 09 June 2020
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Unexpectedly strong employment figures from the Labor Department have provided another sign that economic conditions have steadied since the coronavirus pandemic forced businesses to close in mid-March. So reports Reuters. Read more...
Freddie Mac Hires CFO as Exit Plan Continues

Freddie Mac Hires CFO as Exit Plan Continues

Thursday, 11 June 2020
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Freddie Mac has appointed a new chief financial officer as it and fellow mortgage giant Fannie Mae move toward a planned exit from government conservatorship. So reports Multi-Housing News. Read more...
Mortgage Rates Inch Up From Record Low as Outlook Brightens

Mortgage Rates Inch Up From Record Low as Outlook Brightens

Sunday, 07 June 2020
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U.S. long-term mortgage rates have edged higher amid hopes that the economic impact from COVID-19 may have bottomed. So reports the Associated Press. Read more...
Bodnar of MMG: A V-shaped Recovery or a Nike Swoosh?

Bodnar of MMG: A V-shaped Recovery or a Nike Swoosh?

Sunday, 07 June 2020
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Bill Bodnar of The Mortgage Market Guide discussed the economic optimism stemming from last week's unexpectedly positive jobs report and what that may mean for the economic recovery. Read more...
Fannie Mae Chief Economist Offers Insights on Unemployment Report

Fannie Mae Chief Economist Offers Insights on Unemployment Report

Tuesday, 02 June 2020
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Doug Duncan, Chief Economist at Fannie Mae, shared his perspective on last week's unemployment figures. Read more...
Two Big Mortgage Lenders Are Going on a Hiring Spree

Two Big Mortgage Lenders Are Going on a Hiring Spree

Friday, 05 June 2020
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Quicken Loans and United Shore Financial Services have revealed that they are planning to add thousands more employees. So reports The Detroit News. Read more...
Home Prices Keep Rising Despite Pandemic, Unemployment

Home Prices Keep Rising Despite Pandemic, Unemployment

Thursday, 04 June 2020
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An economy wracked by the coronavirus pandemic and the highest employment since the Great Depression has not yet led to bargains in the housing market. So reports Realtor.com. Read more...
Share of Mortgages in Forbearance May Be Leveling Off

Share of Mortgages in Forbearance May Be Leveling Off

Wednesday, 03 June 2020
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The percentage of mortgages in forbearance has continued to increase, but at a lower level than earlier in the pandemic, according to data from the Mortgage Bankers Association. So reports FOX Business. Read more...

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