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Lending (1519)

'Not OK? That’s OK' Ad Campaign Targets Distressed Borrowers

'Not OK? That’s OK' Ad Campaign Targets Distressed Borrowers

Friday, 13 November 2020
Lending
Written by
The Mortgage Bankers Association has joined a coalition of financial services stakeholders in a consumer awareness campaign for distressed borrowers called “Not OK? That’s OK.” Read more...
37,000 Fewer Forbearances This Week, Driven by October Expirations

37,000 Fewer Forbearances This Week, Driven by October Expirations

Friday, 06 November 2020
Lending
Written by
After ticking up slightly last week, forbearance volumes fell by 137,000 (-5%) since the previous Tuesday, driven by October forbearance expiration activity. Read more...
Bodnar of MMG: The Election, Unemployment and a Tough Time for Bonds

Bodnar of MMG: The Election, Unemployment and a Tough Time for Bonds

Friday, 06 November 2020
Lending
Written by
Bill Bodnar of The Mortgage Market Guide discusses the impact of the election on bonds. Read more...
Fannie Mae Taps Ex-FDIC Boss Sheila Bair for Board Chair

Fannie Mae Taps Ex-FDIC Boss Sheila Bair for Board Chair

Friday, 06 November 2020
Lending
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Fannie Mae has named Sheila Bair, the former head of the Federal Deposit Insurance Corporation, as the chair of the mortgage giant’s board of directors. Read more...
Unemployment Dips But Jobs Total Still Way Down Post-Pandemic

Unemployment Dips But Jobs Total Still Way Down Post-Pandemic

Friday, 06 November 2020
Lending
Written by
The Department of Labor has announced that the unemployment rate dropped one percentage point to 6.9% in October, though the U.S. economy still has 10.1 million fewer jobs than when the coronavirus hit in March. So reports the Associated Press. Read more...
Fed Holds Rates Steady, Reiterates Call for More Stimulus

Fed Holds Rates Steady, Reiterates Call for More Stimulus

Friday, 06 November 2020
Lending
Written by
The Federal Reserve has announced that it will keep its benchmark interest rate unchanged, as officials again pushed Congress for further economic relief. So reports NBC News. Read more...
U.S. Mortgage Rates Fall to 12th Record Low of 2020

U.S. Mortgage Rates Fall to 12th Record Low of 2020

Friday, 06 November 2020
Lending
Written by
As votes were being counted in the presidential election, U.S. mortgage rates returned to record-low territory. So reports United Press International. Read more...
Bodnar of MMG: Biggest News Week in a Very Long Time

Bodnar of MMG: Biggest News Week in a Very Long Time

Friday, 30 October 2020
Lending
Written by
Bill Bodnar of The Mortgage Market Guide says the first week of November will have a number of events he'll be keeping an eye on. Read more...
Pending Home Sales Fall for First Time in Four Months

Pending Home Sales Fall for First Time in Four Months

Friday, 30 October 2020
Lending
Written by
September brought a surprise drop in home purchase agreements as affordability increasingly becomes a challenge for buyers. So reports CNBC. Read more...
Mortgage Rates Drift Near Historic Lows Ahead of Election

Mortgage Rates Drift Near Historic Lows Ahead of Election

Friday, 30 October 2020
Lending
Written by
U.S. long-term mortgage rates didn’t change much in the week before the U.S. presidential election, hovering close to an all-time low set a week earlier. So reports the Associated Press. Read more...

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