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Purchase Mortgage Applications Surge to 11-Year High

Purchase Mortgage Applications Surge to 11-Year High

Saturday, 20 June 2020
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Mortgage applications to buy a home have climbed to their highest volume in more than 11 years, according to data from the Mortgage Bankers Association. So reports CNBC.com. Read more...
Mortgage Rates Just Hit a Fourth All-Time Low of 2020

Mortgage Rates Just Hit a Fourth All-Time Low of 2020

Saturday, 20 June 2020
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Long-term mortgage rates have touched another record low, already their fourth this year. So reports MarketWatch. Read more...
Forbearances Fall for 2nd Consecutive Week: Black Knight:

Forbearances Fall for 2nd Consecutive Week: Black Knight:

Tuesday, 16 June 2020
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The number of homeowners in active forbearance on their mortgages fell for the second consecutive week, according to Black Knight data. Overall, the number of active forbearance plans is down 77,000 from last week, and 112,000 from the peak during the week of May 22. Read more...
More Lenders Believe U.S. Economy on the Wrong Track: Survey

More Lenders Believe U.S. Economy on the Wrong Track: Survey

Thursday, 18 June 2020
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For the first time in history, more lenders responding to the Fannie Mae Mortgage Lender Sentiment Survey® say they believe the U.S. economy is on the wrong track, rather than on the right track. After years of remaining largely unchanged, this quarter the majority of lenders reported tightening credit standards across all loan types. Read more...
What the Recent Unemployment Figures Mean to Fannie Mae’s Economist

What the Recent Unemployment Figures Mean to Fannie Mae’s Economist

Sunday, 14 June 2020
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While initial claims for unemployment insurance came in at 1.5 million for the current reporting week (June 6), representing a decline of 350,000 from the previous week’s level, there have still been more than 44 million unemployment insurance claims filed over the last 12 weeks. Read more...
Quicken Loans Could Be One of 2020’s Biggest IPOs

Quicken Loans Could Be One of 2020’s Biggest IPOs

Wednesday, 17 June 2020
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If Quicken Loans goes public this year, its valuation will be in the tens of billions of dollars, making it one of if not the biggest initial public offerings in 2020. So reports The Detroit News. Read more...
Mortgage Rates Inch Higher, Still Near Record Low

Mortgage Rates Inch Higher, Still Near Record Low

Sunday, 14 June 2020
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Mortgage rates have drifted higher but remain historically low amid conflicting economic data. So reports MoneyWise. Read more...
UK Regulator Fines Lloyds Bank $81M for Mortgage Handling

UK Regulator Fines Lloyds Bank $81M for Mortgage Handling

Friday, 19 June 2020
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The UK Financial Conduct Authority has slapped Lloyds Bank with a fine of £64 million ($81 million) for mishandling the mortgages of financially distressed customers. So reports Reuters. Read more...
Mortgage Applications from Buyers Leap 13%

Mortgage Applications from Buyers Leap 13%

Sunday, 14 June 2020
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Mortgage demand has stayed hot even as interest rates have drifted from their all-time lows. So reports CNBC. Read more...
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...

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