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Mortgage Rates Rise for First Time in Weeks

Mortgage Rates Rise for First Time in Weeks

Sunday, 26 July 2020
Lending
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While U.S. mortgage rates remain near record lows, they have now risen for the first time in six weeks. So reports Business Insider. Read more...
Forbearances Fall By 435K, Largest Drop Yet: Black Knight

Forbearances Fall By 435K, Largest Drop Yet: Black Knight

Thursday, 16 July 2020
Lending
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The number of active forbearance plans fell another 435,000 from the previous week, the largest drop yet. This brings the total number of active forbearances to its lowest point since April 28. Read more...
Rising Millennial Educational Attainment Signals Homeownership Demand Primed for Growth: First American

Rising Millennial Educational Attainment Signals Homeownership Demand Primed for Growth: First American

Friday, 17 July 2020
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Column written by Odeta Kushi, deputy chief economist at First American. Read more...
Supreme Court to Determine if FHFA is Constitutional

Supreme Court to Determine if FHFA is Constitutional

Tuesday, 14 July 2020
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The Supreme Court has agreed to hear a pair of cases challenging the structure of the Federal Housing Finance Agency. So report SCOTUSblog and Reuters. Read more...
Homebuyers Hurry Back Into the Mortgage Market

Homebuyers Hurry Back Into the Mortgage Market

Wednesday, 15 July 2020
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Homebuyers have surged into the mortgage market, following a short retreat near the end of June. So reports CNBC. Read more...
Mortgage Rates Sink to Third Straight All-Time Low

Mortgage Rates Sink to Third Straight All-Time Low

Sunday, 12 July 2020
Lending
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The benchmark 30-year mortgage rate has fallen to a record low for a third consecutive week. So reports the Associated Press. Read more...
Supreme Court Empowers President to Fire CFPB Head

Supreme Court Empowers President to Fire CFPB Head

Sunday, 12 July 2020
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The Supreme Court has struck down limits that Congress placed on the President’s ability to remove the head of the Consumer Financial Protection Bureau. So reports NBC News. Read more...
Fannie Mae's Chief Economist on Unemployment Insurance Claims Report

Fannie Mae's Chief Economist on Unemployment Insurance Claims Report

Saturday, 27 June 2020
Lending
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Doug Duncan, Fannie Mae Chief Economist, offered his thoughts on the Department of Labor's June 25, 2020 report. Read more...
How COVID-19 Impacted First-Time Homebuyers: Genworth Economist

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

Friday, 03 July 2020
Lending
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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
Lending
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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...

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