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Lending (1495)

4.7M Now in Forbearance, But Pace Has Slowed Considerably: Black Knight

4.7M Now in Forbearance, But Pace Has Slowed Considerably: Black Knight

Tuesday, 19 May 2020
Lending
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As of May 12, approximately 4.7 million homeowners are in forbearance plans, up from a revised 4.5 million one week prior. That’s according to recent data from Black Knight. Read more...
Fed Chair Warns of Lasting Economic Pain, Balks at Negative Rates

Fed Chair Warns of Lasting Economic Pain, Balks at Negative Rates

Sunday, 17 May 2020
Lending
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Federal Reserve Chair Jerome Powell has called on Congress and the White House to do more to avoid potentially sustained economic fallout from the coronavirus outbreak. So reports the Associated Press. Read more...
Mistaken Forbearances Block Some From Refinancing

Mistaken Forbearances Block Some From Refinancing

Thursday, 21 May 2020
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In the post-COVID-19 rush, some homeowners’ inquiries to their mortgage servicers have resulted in them getting placed into forbearance by mistake, and they’re feeling the consequences. So reports CNBC. Read more...
Mortgage Rates Camp Out Near Record Lows, Could Go Lower

Mortgage Rates Camp Out Near Record Lows, Could Go Lower

Sunday, 17 May 2020
Lending
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Mortgage rates have kept drifting close to their all-time lows, and depending on how the economy recovers from the COVID-19 crisis, they could fall further yet. So reports MarketWatch. Read more...
Homeowners Hit By COVID-19 Get Payment Deferral Option

Homeowners Hit By COVID-19 Get Payment Deferral Option

Wednesday, 20 May 2020
Lending
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Homeowners who are in forbearance due to the coronavirus pandemic have gained a new payment deferral option from Fannie Mae and Freddie Mac. So reports Fox Business. Read more...
Bodnar of MMG: It’s All About Oversupply

Bodnar of MMG: It’s All About Oversupply

Saturday, 09 May 2020
Lending
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Bill Bodnar of The Mortgage Market Guide discusses the Treasury's announcement that it is going to need at least $3 trillion through the end of the third quarter to help pay for the economic stimulus. Read more...
Nearly 4.1M in Forbearance, 7.7% of All Mortgages: Black Knight

Nearly 4.1M in Forbearance, 7.7% of All Mortgages: Black Knight

Tuesday, 12 May 2020
Lending
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As of May 7, nearly 4.1 million homeowners are in forbearance plans, representing 7.7% of all active mortgages. Together, they account for $890 billion in unpaid principal and includes 6.4% of all GSE-backed loans and 11% of all FHA/VA loans. That’s according to recent data from Black Knight. Read more...
Mortgage Services Call on Feds for Help Over Forbearances

Mortgage Services Call on Feds for Help Over Forbearances

Friday, 15 May 2020
Lending
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U.S. mortgage servicers are keeping up their pressure on the government for emergency aid as more borrowers stop paying their loans. So reports Reuters. Read more...
Millennials Ramp Up Refinance Activity in March

Millennials Ramp Up Refinance Activity in March

Wednesday, 13 May 2020
Lending
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Millennial borrowers seized an opportunity to refinance in March, as interest rates tumbled. So reports Forbes.com. Read more...
Mortgage Credit Availability Index Falls to Lowest Level Since 2014

Mortgage Credit Availability Index Falls to Lowest Level Since 2014

Thursday, 14 May 2020
Lending
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Mortgages haven’t been this hard to get in more than five years, as lenders tighten their standards during the fallout from the coronavirus pandemic. So reports Forbes.com. Read more...

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