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How COVID-19 Impacted First-Time Homebuyers: Genworth Economist

How COVID-19 Impacted First-Time Homebuyers: Genworth Economist

Friday, 03 July 2020
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COVID-19 has significantly impacted the first-time homebuyer market, as the number of rate locks by potential first-time homebuyers decreased by 27% in April from March. The spread of COVID-19 reduced traffic by potential homebuyers and listings. Some states like New York, Pennsylvania and Michigan were heavily impacted. That's according to Genworth Mortgage Insurance's Chief Economist,… Read more...
CFPB Swaps Debt-to-Income Limit for Price-Based Approach

CFPB Swaps Debt-to-Income Limit for Price-Based Approach

Thursday, 02 July 2020
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The Consumer Financial Protection Bureau has issued two proposed rules that would extend its qualified mortgage patch and replace a current debt-to-income limit for borrowers with a price-based approach. So reports Realtor.com. Read more...
Mortgage Forbearances Swell After Three Weeks of Declines

Mortgage Forbearances Swell After Three Weeks of Declines

Tuesday, 30 June 2020
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The number of mortgage borrowers postponing their monthly payments due to the coronavirus has climbed again after falling for three consecutive weeks. So reports TheStreet.com. Read more...
Home Purchase Mortgage Applications Slip, But Stay Strong

Home Purchase Mortgage Applications Slip, But Stay Strong

Wednesday, 01 July 2020
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Homebuyer mortgage demand has declined modestly after five consecutive weeks of gains. So reports CNBC. Read more...
Mortgage Rates Drift as 30-Year Sits at Historic Low

Mortgage Rates Drift as 30-Year Sits at Historic Low

Saturday, 27 June 2020
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U.S. mortgage rates have remained flat, with the 30-year rate still at an all-time low. So reports MarketWatch. Read more...
Delinquencies Rise 20% in May, But Increases May Be Cresting: Black Knight

Delinquencies Rise 20% in May, But Increases May Be Cresting: Black Knight

Tuesday, 23 June 2020
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Black Knight has released its First Look at May mortgage performance data. Read more...
Low Mortgage Rates Fuel Rebound in Housing Market Potential: First American

Low Mortgage Rates Fuel Rebound in Housing Market Potential: First American

Wednesday, 24 June 2020
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"Record low mortgage rates are proving to be a powerful motivator and benefit for home buyers in an otherwise challenging time," says Mark Fleming, Chief Economist at First American. Read more...
Feds Extend Foreclosure Moratorium to End of August

Feds Extend Foreclosure Moratorium to End of August

Friday, 26 June 2020
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Homeowners and renters who can’t pay their bills because of the COVID-19 crisis now have another two months to get their finances back on track. So reports USA Today. Read more...
Fannie Mae, Freddie Mac Hire Financial Advisors in Exit Plan

Fannie Mae, Freddie Mac Hire Financial Advisors in Exit Plan

Thursday, 25 June 2020
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Fannie Mae has hired Morgan Stanley and Freddie Mac has hired J.P. Morgan Chase to advise the mortgage giants en route to their planned exits from federal conservatorship. So reports the Commercial Observer. Read more...
Purchase Mortgage Applications Surge to 11-Year High

Purchase Mortgage Applications Surge to 11-Year High

Saturday, 20 June 2020
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Mortgage applications to buy a home have climbed to their highest volume in more than 11 years, according to data from the Mortgage Bankers Association. So reports CNBC.com. Read more...

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