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Lending (1514)

HUD Secretary Says No Plans to Cut FHA Premiums

HUD Secretary Says No Plans to Cut FHA Premiums

Friday, 02 April 2021
Lending
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The Secretary of the Department of Housing and Urban Development, Marcia Fudge, has ruled out (for now) a cut to the Federal Housing Association’s mortgage insurance premiums despite mounting delinquencies. So reports FloridaRealtors. Read more...
Forbearances Down 5% Over Past Month: Black Knight

Forbearances Down 5% Over Past Month: Black Knight

Friday, 26 March 2021
Lending
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Active forbearance plans fell again this week, dropping by another 19,000 (-0.7%) from last Tuesday. In total, this puts the number of active plans down by 135,000 over the last month, a 5% reduction. Read more...
Bodnar of MMG: What Does Continued Volatility Mean for Clients?

Bodnar of MMG: What Does Continued Volatility Mean for Clients?

Friday, 26 March 2021
Lending
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Bill Bodnar of The Mortgage Market Guide (MMG) discussed how volatility continues in the bond market. Read more...
Biden Housing Secretary Seeks $100B Funding Boost

Biden Housing Secretary Seeks $100B Funding Boost

Friday, 26 March 2021
Lending
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Marcia Fudge, the Biden administration’s recently confirmed Housing and Urban Development Secretary, has urged lawmakers to top off the department’s budget by as much as $100 billion. So reports Politico. Read more...
Frigid February Cools Off Monthly Home Sales

Frigid February Cools Off Monthly Home Sales

Friday, 26 March 2021
Lending
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During harsh winter weather in February, nationwide sales of single-family homes fell to their lowest in nine months. So reports Reuters. Read more...
Mortgage Applications Dip for Third Straight Week

Mortgage Applications Dip for Third Straight Week

Friday, 26 March 2021
Lending
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Mortgage applications have posted a third consecutive weekly decline amid sinking refinance demand. So reports MoneyWise. Read more...
Mortgage Lending Profits Fall by Almost One-Third

Mortgage Lending Profits Fall by Almost One-Third

Friday, 26 March 2021
Lending
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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
Lending
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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
Lending
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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
Lending
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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...

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