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Lending (1438)

Mortgage Lending Profits Fall by Almost One-Third

Mortgage Lending Profits Fall by Almost One-Third

Friday, 26 March 2021
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Independent mortgage banks and mortgage subsidiaries of chartered banks saw an average per-loan profit of $3,738 in the fourth quarter of last year, a nearly one-third drop from the third quarter, according to data from the Mortgage Bankers Association. So reports Asset Securitization Report. Read more...
Bodnar of MMG: It's All About the Fed and Inflation Now

Bodnar of MMG: It's All About the Fed and Inflation Now

Friday, 19 March 2021
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Bill Bodnar of The Mortgage Market Guide (MMG) says there were three things the bond market didn't like about the most recent Fed Meeting. Read more...
Rising Real Estate Prices Added $900B to Household Assets: Fed

Rising Real Estate Prices Added $900B to Household Assets: Fed

Thursday, 18 March 2021
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Surging values for real estate tacked on $900 billion to household assets in the fourth quarter of last year, helping push the U.S. wealth total to $130.2 trillion, according to the Federal Reserve. So reports Reuters. Read more...
Will America's Economic 'Bridge' Reach the End of COVID-19?

Will America's Economic 'Bridge' Reach the End of COVID-19?

Thursday, 18 March 2021
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With fiscal stimulus in place and vaccine distribution accelerating, some economists are upgrading their forecasts for U.S. growth, anticipating that the “bridge” officials have gradually constructed since the coronavirus hit could hold up until the other side of the pandemic. So reports Reuters. Read more...
House Bill Aims to Cancel Mortgage Payments Amid Pandemic

House Bill Aims to Cancel Mortgage Payments Amid Pandemic

Thursday, 18 March 2021
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Legislation has been reintroduced in Congress seeking to ensure rent and mortgage payments are fully given until the pandemic is over. So reports The Hill. Read more...
COVID-19 Relief Law Includes Help for Mortgage Borrowers

COVID-19 Relief Law Includes Help for Mortgage Borrowers

Thursday, 18 March 2021
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Among the provisions in the $1.9 trillion fiscal relief plan signed by President Biden is $10 billion for states and cities to support homeowners who are in foreclosure or behind on their mortgage payments. So reports USA Today. Read more...
Forbearance Rate Below 5% For 1st Time Since April: Black Knight

Forbearance Rate Below 5% For 1st Time Since April: Black Knight

Friday, 12 March 2021
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This week saw the largest weekly decline in forbearance plans since early January, according to Black Knight’s McDash Flash Forbearance Tracker. Active plans fell by 77,000 from the prior Tuesday, a 2.9% decline. Read more...
Bodnar of MMG: Big Questions on New Bonds and Inflation

Bodnar of MMG: Big Questions on New Bonds and Inflation

Friday, 12 March 2021
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Rates were pretty much unchanged week over week on what was a volatile few days, according to Bill Bodnar of The Mortgage Market Guide (MMG). Read more...
Fannie Mae Launches 19th Sale of Reperforming Loans

Fannie Mae Launches 19th Sale of Reperforming Loans

Friday, 12 March 2021
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Fannie Mae has announced the start of its 19th sale of reperforming loans, which are loans that were once delinquent but have reperformed for a time period. Read more...
Mortgage Applications Fall for Fourth Time in Five Weeks

Mortgage Applications Fall for Fourth Time in Five Weeks

Friday, 12 March 2021
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Ahead of the pivotal spring homebuying season, mortgage applications have been mired in a consistent decline. So reports Axios. Read more...

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