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30-Year Mortgage Rate Dips to One Basis Point of All-Time Low

30-Year Mortgage Rate Dips to One Basis Point of All-Time Low

Monday, 25 May 2020
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Long-term U.S. mortgage rates have slipped, remaining near record lows. So reports MarketWatch. Read more...
Existing Home Sales Plummet Furthest Since 2010

Existing Home Sales Plummet Furthest Since 2010

Thursday, 28 May 2020
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U.S. sales of existing homes tumbled 17.8% in April, their largest one-month drop since a 22.5% plunge in July 2010. So reports the Associated Press. Read more...
Mortgage Delinquencies Spike by Record Amount in April

Mortgage Delinquencies Spike by Record Amount in April

Wednesday, 27 May 2020
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U.S. mortgage delinquencies had their biggest single-month increase on record in April. So reports USA Today. Read more...
Fannie, Freddie Look for Advisor in Next Step Toward IPO

Fannie, Freddie Look for Advisor in Next Step Toward IPO

Monday, 25 May 2020
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Fannie Mae and Freddie Mac have each notched another milestone on their way out of federal conservatorship by seeking a financial advisor. So reports 24/7 Wall Street. Read more...
Bodnar of MMG: Watching How States Reopen

Bodnar of MMG: Watching How States Reopen

Monday, 25 May 2020
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Bill Bodnar of The Mortgage Market Guide (MMG) says there is a lot of optimism about states reopening and the unofficial start of summer, and that is impacting the bond market. Read more...
Capital Levels Are An Issue with Some, Not With Others

Capital Levels Are An Issue with Some, Not With Others

Wednesday, 20 May 2020
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At MBALive, a remote event put on by the Mortgage Bankers Association, FHFA Director Mark Calabria underscored a point he has made numerous times over the last year. “We need to reform our mortgage finance system for the fundamental reason that we didn’t reform it after the last crisis. The root causes of the crisis,… Read more...
Real GDP Growth Expected to Contract Sharply in Q2: Fannie Mae ESR Group

Real GDP Growth Expected to Contract Sharply in Q2: Fannie Mae ESR Group

Friday, 22 May 2020
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Following a first quarter decline, real GDP growth is expected to contract even further in the second quarter due primarily to an unprecedented slowdown in consumer spending, according to the latest commentary from the Fannie Mae Economic and Strategic Research (ESR) Group. Read more...
4.7M Now in Forbearance, But Pace Has Slowed Considerably: Black Knight

4.7M Now in Forbearance, But Pace Has Slowed Considerably: Black Knight

Tuesday, 19 May 2020
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As of May 12, approximately 4.7 million homeowners are in forbearance plans, up from a revised 4.5 million one week prior. That’s according to recent data from Black Knight. Read more...
Fed Chair Warns of Lasting Economic Pain, Balks at Negative Rates

Fed Chair Warns of Lasting Economic Pain, Balks at Negative Rates

Sunday, 17 May 2020
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Federal Reserve Chair Jerome Powell has called on Congress and the White House to do more to avoid potentially sustained economic fallout from the coronavirus outbreak. So reports the Associated Press. Read more...
Mistaken Forbearances Block Some From Refinancing

Mistaken Forbearances Block Some From Refinancing

Thursday, 21 May 2020
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In the post-COVID-19 rush, some homeowners’ inquiries to their mortgage servicers have resulted in them getting placed into forbearance by mistake, and they’re feeling the consequences. So reports CNBC. Read more...

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