Lending

Lending (939)

House Bill Aims to Cancel Mortgage Payments Amid Pandemic

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

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

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

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 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

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

Owners of Cheaper Homes Overpay on Property Taxes: Study

The property tax valuations for cheaper homes are a higher ratio of the homes value than for more expensive homes, a new study by University of Chicago Harris School of Public Policy Professor Christopher Berry finds. So reports Bankrate. Read more...

Senate Confirms Marcia Fudge as Biden’s HUD Secretary

The Senate has voted to confirm Rep. Marcia Fudge, an Ohio Democrat, as Secretary of Housing and Urban Development under the Biden administration. So reports Cox Media. Read more...

Bodnar of MMG: What Can the Fed Do To Pin Down Long-term Rates?

Interest rates stabilized a bit this week, according to Bill Bodnar of The Mortgage Market Guide. However, the Fed has lost the long-end of the bond market, meaning rates are ticking higher despite the bond buying. Read more...

Fannie Mae Boosts Board of Directors, Adding Pair of Academics

Fannie Mae has named two veterans of academia to its board of directors, the government-backed housing finance giant has announced. Read more...

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