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5.5% of All Mortgages in COVID-19-Related Forebearance: Black Knight

5.5% of All Mortgages in COVID-19-Related Forebearance: Black Knight

Wednesday, 22 April 2020
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As of April 16, more than 2.9 million homeowners are in forbearance plans, representing 5.5% of all active mortgages. Together, they account for $651 billion in unpaid principal and includes 4.9% of all GSE-backed loans and 7.6% of all FHA/VA loans. Read more...
Facing Pandemic, Some Home Buyers Are Going Virtual

Facing Pandemic, Some Home Buyers Are Going Virtual

Thursday, 23 April 2020
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Realtors are beginning to see clients agreeing to purchase homes remotely. That’s according to a new survey from the National Association of Realtors. Read more...
Refinances Send Mortgage Application Volume Up 7.3%

Refinances Send Mortgage Application Volume Up 7.3%

Sunday, 19 April 2020
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A rush to refinance home loans has driven weekly mortgage applications higher once again. So reports CNBC. Read more...
JPMorgan Chase Hits Pause on HELOC Applications

JPMorgan Chase Hits Pause on HELOC Applications

Sunday, 19 April 2020
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JPMorgan Chase is taking a break from accepting home equity line of credit (HELOC) applications amid the economic fallout from the coronavirus pandemic. So reports The American Banker. Read more...
Mortgage Rates Slip Closer to Record Bottom

Mortgage Rates Slip Closer to Record Bottom

Tuesday, 21 April 2020
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A third straight week of declines has brought mortgage rates inching closer to their all-time low. So reports MarketWatch. Read more...
Bodnar of MMG: 3 Things to Think About Heading into the Week

Bodnar of MMG: 3 Things to Think About Heading into the Week

Sunday, 12 April 2020
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Bill Bodnar of the Mortgage Market Guide offers three things he's focused on heading into the week. Read more...
Fed Chair Powell: 'We All Want to Avoid a False Start'

Fed Chair Powell: 'We All Want to Avoid a False Start'

Thursday, 16 April 2020
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Federal Reserve Chair Jerome Powell has urged caution about prematurely reopening the economy in the face of the COVID-19 pandemic. So reports NBC News. Read more...
Mortgage Rates Sit Near Lows, But Volatility Poses Challenges

Mortgage Rates Sit Near Lows, But Volatility Poses Challenges

Tuesday, 14 April 2020
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While mortgage rates stayed near record lows in the past week, their turbulent swings this year means home buyers might have trouble actually securing such cheap financing. So reports MarketWatch. Read more...
Where is Housing Most at Risk from COVID-19 Fallout?

Where is Housing Most at Risk from COVID-19 Fallout?

Friday, 17 April 2020
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New Jersey leads the nation with the most counties at risk of a housing downturn due to the coronavirus outbreak, according to new research from Attom Data Solutions. So reports MarketWatch. Read more...
Mortgage Industry Hits Back at Calabria Over Payment Delays

Mortgage Industry Hits Back at Calabria Over Payment Delays

Wednesday, 15 April 2020
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Industry leaders have fired back sharply at Federal Housing Finance Agency director Mark Calabria’s remarks that mortgage servicers won’t need help for at least a year. Calabria also estimated that 2 million mortgage holders could miss payments by the end of May. So reports CNBC. Read more...

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