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Mortgage Rates Climb But Linger Near Historic Lows

Mortgage Rates Climb But Linger Near Historic Lows

Friday, 26 February 2021
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Mortgage rates have increased from historic lows, but not by much, as the coronavirus vaccine continues its rollout and the economy struggles to rebound from the global pandemic. So reports the Associated Press. Read more...
NY Court Issues Key Decision on Mortgage Timing

NY Court Issues Key Decision on Mortgage Timing

Friday, 26 February 2021
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New York’s highest state court has published a “landmark” ruling, siding with mortgage lenders in foreclosure-related appeals involving statutes of limitations. That’s according to an article by law firm McGlinchey Stafford, and as Law360.com also reports. Read more...
CFPB Mulls Fate of Trump-Era Mortgage Rules

CFPB Mulls Fate of Trump-Era Mortgage Rules

Friday, 26 February 2021
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The Consumer Financial Protection Bureau has said that it is weighing whether to “revisit” the Seasoned QM and General QM rules, codified in December under the Trump administration. So reports CNBC. Read more...
Forbearance Improvement Remains Slow, But Steady: Black Knight

Forbearance Improvement Remains Slow, But Steady: Black Knight

Friday, 19 February 2021
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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
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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
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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
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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
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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
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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
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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...

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