Recovery Summer?? Mortgage Purchase Applications Down 15% YoY, Refi Applications Crash By 13%
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National Mortgage News- As forbearance requests slow, will usage be lower than expected? May 29, 2020Aggregate numbers for coronavirus-related payment suspensions are showing more consistency as organizations clarify how they handle them, and some consumers' incentives to use them may be declining.
- Remote home appraisal software options proliferate amid coronavirus May 29, 2020The social distancing related limitations on home appraisals is inspiring some companies to find new ways to advance the process.
- Wells Fargo struggling to stay under asset cap amid pandemic, CEO says May 29, 2020Even after the Fed eased some limitations in April to promote emergency lending, the bank has had to make some “tough choices” to heed the $1.95 trillion growth ceiling set by regulators in the aftermath of its phony-accounts scandal.
- Housing market has been surprisingly active during lockdown May 29, 2020Stuck day and night in their homes, a surprising number of Americans are deciding the pandemic is a great time to upgrade.
- As forbearance requests slow, will usage be lower than expected? May 29, 2020
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- Mortgage Daily
- Continued Deterioration in Origination Quality October 26, 2018As home lenders and investors have recently been a little more relaxed about credit qualifications compared to just after the crisis, mortgage quality has weakened. Still, quality is better than before the crisis.During the past three years, the quality of residential loans originated has weakened, though credit quality remains far stronger than the early 20 […]
- Best Mortgage Lenders By Category October 26, 2018A report based on a recent survey of consumers who were shopping for a residential loan has identified the best home lenders in a variety of categories -- including government programs, jumbo loans and online services.The 10-question survey of prospective mortgage borrowers found that before they applied for a home loan, 40 percent checked their credit repor […]
- Business Falls to 6-Month Low at Freddie October 26, 2018New business at the Federal Home Loan Mortgage Corp. retreated to its lowest level in six months. Delinquency, meanwhile, remained at its lowest level in a decade.When September was over, Freddie Mac's total mortgage portfolio stood at $2.1513 trillion -- including a $0.2278 trillion in mortgage investments and $1.9235 trillion in outstanding mortgage-r […]
- Continued Deterioration in Origination Quality October 26, 2018
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