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Lending (1527)

Forbearance Improvement Remains Slow, But Steady: Black Knight

Forbearance Improvement Remains Slow, But Steady: Black Knight

Friday, 19 February 2021
Lending
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Following the trend of mid-month increases in forbearance volumes that have taken place since the recovery began, the number of mortgages in active forbearance rose by 15,000 (+0.06) since last Tuesday, according to recent data from Black Knight. Read more...
Biden Administration Extends Mortgage Forbearance Again

Biden Administration Extends Mortgage Forbearance Again

Friday, 19 February 2021
Lending
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President Joe Biden has moved to prolong mortgage forbearance for another six months and extend the foreclosure moratorium until June 30. So reports CNBC. Read more...
Existing Home Sales Hit 14-Year High in 2020

Existing Home Sales Hit 14-Year High in 2020

Friday, 19 February 2021
Lending
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Sales of existing homes totaled 5.64 million units last year, the highest since 2006. So reports CNBC. Read more...
Mortgage Rates Rebound as Inflation Worries Mount

Mortgage Rates Rebound as Inflation Worries Mount

Friday, 19 February 2021
Lending
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Mortgage rates have soared back to their highest levels since November as inflation concerns increased long-term bond yields, which normally move in tandem with mortgage rates. So reports MarketWatch. Read more...
Spike in Wood Costs Pushes Home Prices Higher

Spike in Wood Costs Pushes Home Prices Higher

Friday, 19 February 2021
Lending
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The cost of new homes is feeling upward pressure due to soaring lumber prices. Softwood lumber, which is normally used in house frames, almost doubled between April 2020 and January 2021, according to the Department of Labor’s producer price index. So reports BankRate.com. Read more...
Bodnar of MMG: Rates Move Higher, But We May Have Found a Bottom

Bodnar of MMG: Rates Move Higher, But We May Have Found a Bottom

Friday, 19 February 2021
Lending
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Bill Bodnar of The Mortgage Market Guide (MMG) says that rates moved higher this week, but we might have found a bottom. Read more...
Bodnar of MMG: Why Bond Pricing Worsened

Bodnar of MMG: Why Bond Pricing Worsened

Friday, 12 February 2021
Lending
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Bill Bodnar of The Mortgage Market Guide explains that rates ticked up a bit and MBS saw price declines despite Fed bond buying. On Wednesday, the Fed purchased $9 Billion in bonds and pricing worsened... why? $20 Billion was offered for sale. Read more...
Forbearances Fall Below 2.7M for First Time Since April: Black Knight

Forbearances Fall Below 2.7M for First Time Since April: Black Knight

Saturday, 13 February 2021
Lending
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According to Black Knight’s McDash Flash Forbearance Tracker, the number of mortgages in active forbearance fell again this week, dropping 48,000 (-1.6%) from last Tuesday. Read more...
LoanDepot, in Slimmed-Down IPO, Raises Only $54M

LoanDepot, in Slimmed-Down IPO, Raises Only $54M

Saturday, 13 February 2021
Lending
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Online mortgage lender LoanDepot has raised $54 million in a downsized initial public offering. So reports Renaissance Capital’s IPO Center. Read more...
Mortgage Rates Hold Steady Again, But for How Long?

Mortgage Rates Hold Steady Again, But for How Long?

Saturday, 13 February 2021
Lending
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After rebounding somewhat to start the year, mortgage rates have settled into a narrow range in the past few weeks, raising uncertainty about whether they could go even lower. So reports MarketWatch. Read more...

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