Lending - The Mortgage Leader

Navigating the Transition: The Shift in Mortgage Lending Rates The mortgage industry is witnessing a significant shift in lending rates, influencing both lenders and borrowers. This article explores the implications of these changes and strategies for adapting to new market conditions.

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Lending (1519)

Homeowners Hit By COVID-19 Get Payment Deferral Option

Wednesday, 20 May 2020

Lending

Written by Chris Frankie

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

Saturday, 09 May 2020

Lending

Written by Chris Frankie

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

Tuesday, 12 May 2020

Lending

Written by Chris Frankie

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

Friday, 15 May 2020

Lending

Written by Chris Frankie

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

Wednesday, 13 May 2020

Lending

Written by Chris Frankie

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

Thursday, 14 May 2020

Lending

Written by Chris Frankie

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...

Mortgage Rates Hover Near All-Time Lows

Saturday, 09 May 2020

Lending

Written by Chris Frankie

Long-term U.S. mortgage rates inched in different directions last week but stayed near the record lows set a week earlier. So reports the Associated Press. Read more...

Bodnar of MMG: Why Didn’t Prices Improve More This Week?

Sunday, 03 May 2020

Lending

Written by Chris Frankie

Bill Bodnar of The Mortgage Market Guide says there were three events last week that should have pushed bond prices even higher, but didn’t. That begs the question: Is this the bottom? Read more...

Inflow of New COVID-19 Forbearance Plans Declines: Black Knight

Tuesday, 05 May 2020

Lending

Written by Chris Frankie

After a surge in early April, the number of new forbearance plans being enacted daily began to taper down following the 15th of the month when late fees are traditionally charged for past-due mortgage payments. That's according to Black Knight. Read more...