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Bodnar of MMG: Watching How States Reopen

Bodnar of MMG: Watching How States Reopen

Monday, 25 May 2020
Lending
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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

Capital Levels Are An Issue with Some, Not With Others

Wednesday, 20 May 2020
Lending
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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...
Real GDP Growth Expected to Contract Sharply in Q2: Fannie Mae ESR Group

Real GDP Growth Expected to Contract Sharply in Q2: Fannie Mae ESR Group

Friday, 22 May 2020
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Following a first quarter decline, real GDP growth is expected to contract even further in the second quarter due primarily to an unprecedented slowdown in consumer spending, according to the latest commentary from the Fannie Mae Economic and Strategic Research (ESR) Group. Read more...
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
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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...

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