Lending

Lending (1534)

Mortgage Rates Dive to Third All-Time Low of 2020

The mortgage market has tumbled to another record low for interest rates, the third so far this year amid the coronavirus pandemic. So reports MarketWatch. Read more...

Nearly 7.4M Homes at Risk of Storm Surge Ahead of Hurricane Season

CoreLogic® released its 2020 CoreLogic Storm Surge report, revealing nearly 7.4 million single- and multifamily homes with more than $1.8 trillion in combined reconstruction cost value are at risk of storm surge and possible mandatory evacuation in the midst of a global pandemic. Read more...

Pandemic Worsens Housing Supply Shortage: First American

As more homeowners are reluctant to list their homes for sale amid the pandemic, the supply of homes available to potential home buyers continues to dwindle, says Mark Fleming, Chief Economist at First American. Read more...

Fannie Mae's Chief Economist Weighs in On Unemployment Report

Initial claims for unemployment insurance were just under 2.4 million for the current reporting week (May 16). That represents a decline of 250,000 from the previous week’s downwardly revised number. Read more...

30-Year Mortgage Rate Dips to One Basis Point of All-Time Low

Long-term U.S. mortgage rates have slipped, remaining near record lows. So reports MarketWatch. Read more...

Existing Home Sales Plummet Furthest Since 2010

U.S. sales of existing homes tumbled 17.8% in April, their largest one-month drop since a 22.5% plunge in July 2010. So reports the Associated Press. Read more...

Mortgage Delinquencies Spike by Record Amount in April

U.S. mortgage delinquencies had their biggest single-month increase on record in April. So reports USA Today. Read more...

Fannie, Freddie Look for Advisor in Next Step Toward IPO

Fannie Mae and Freddie Mac have each notched another milestone on their way out of federal conservatorship by seeking a financial advisor. So reports 24/7 Wall Street. Read more...

Bodnar of MMG: Watching How States Reopen

Bill Bodnar of The Mortgage Market Guide (MMG) says there is a lot of optimism about states reopening and the unofficial start of summer, and that is impacting the bond market. Read more...

Capital Levels Are An Issue with Some, Not With Others

At MBALive, a remote event put on by the Mortgage Bankers Association, FHFA Director Mark Calabria underscored a point he has made numerous times over the last year. “We need to reform our mortgage finance system for the fundamental reason that we didn’t reform it after the last crisis. The root causes of the crisis,… Read more...

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