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Lending (1514)

HUD Launches Mortgage Relief Plan to Help With COVID-19

HUD Launches Mortgage Relief Plan to Help With COVID-19

Sunday, 05 April 2020
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The U.S. Department of Housing and Urban Development has imposed a moratorium of up to a year on struggling borrowers’ payments for government-insured mortgage loans. So reports Politico. Read more...
Bodnar of MMG: It's Not Just About the Numbers Right Now

Bodnar of MMG: It's Not Just About the Numbers Right Now

Sunday, 29 March 2020
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Bill Bodnar of The Mortgage Market Guide discusses The Fed's 'unlimited quantitative easing,' liquidity, the apparent stabilization of the mortgage-backed securities market, upcoming jobs data and the coronavirus. Read more...
Record Unemployment Could Spell Pause for Housing Market

Record Unemployment Could Spell Pause for Housing Market

Friday, 03 April 2020
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Unprecedented unemployment levels, as businesses shut down to slow the coronavirus pandemic, might portend a sharp and abrupt slowdown for the housing market. So reports Realtor.com. Read more...
Mortgage Rates Tumble as Fed Reassures Lenders

Mortgage Rates Tumble as Fed Reassures Lenders

Tuesday, 31 March 2020
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Mortgage rates swung sharply downward last week after the Federal Reserve gave lenders a confidence boost amid the coronavirus pandemic. So reports MarketWatch. Read more...
Big Banks Agree to California Mortgage Moratorium

Big Banks Agree to California Mortgage Moratorium

Thursday, 02 April 2020
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Leading banks have agreed to allow up to an extra 90 days on mortgage payments in California, the governor has announced. So reports The Hill. Read more...
Foreclosure Starts Hit Lowest Level on Record: Black Knight

Foreclosure Starts Hit Lowest Level on Record: Black Knight

Thursday, 26 March 2020
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February’s mortgage delinquency rate ticked up slightly from January’s record low, but remained more than 15% below where they were at this time last year, according to a "first look" at February 2020 month-end mortgage performance statistics by Black Knight. Read more...
Mortgage Rates Spike to Highest Since January Despite Fed Cut

Mortgage Rates Spike to Highest Since January Despite Fed Cut

Tuesday, 24 March 2020
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Borrowing costs for home buyers jumped last week as lenders raced to keep up with refinancing applications amid turmoil in financial markets. That’s despite the Federal Reserve actually cutting its benchmark interest rate. So reports MarketWatch. Read more...
Homebuilding Falls in February, Led By Dip in Multifamily Units

Homebuilding Falls in February, Led By Dip in Multifamily Units

Friday, 27 March 2020
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A steep drop in construction of multifamily units drove a decline in U.S. homebuilding in February. So reports CNBC. Read more...
Refinances Drop But Remain Near Historic Highs

Refinances Drop But Remain Near Historic Highs

Sunday, 22 March 2020
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Refinance applications fell 10% in the most recent week tracked by the Mortgage Bankers Association, while mortgage applications decreased 8.4%. So reports USA Today. Read more...
Growth Shifting to Second-Time Homebuyers: Genworth Report

Growth Shifting to Second-Time Homebuyers: Genworth Report

Friday, 20 March 2020
Lending
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First-time homebuyer growth is turning a headwind into tailwind for the second-time homebuyer market. That’s according to Genworth Mortgage Insurance’s First-Time Homebuyer Market Report. The pool of potential second-time homebuyers increased for the first-time since 2008 to 8.3 million in 2019 and will grow by over three million in five years. Read more...

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