Paper promissory notes have long been the mortgage industry standard. But should they be? The electronic equivalent, eNotes, are quickly rising in popularity; over 124,000 were filed in 2019, a huge jump from the 18,000 filed in 2018 and 5,000 in 2017. It’s not hard to see why they’re so in demand —eNotes are faster, cheaper and more secure.
Category: News and Trends
Purchase Applications Drive MBA Weekly Survey
Mortgage applications, buoyed by strong purchase application activity and stable, low interest rates increased from one week earlier, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending May 22.
Purchase Applications Drive MBA Weekly Survey
Mortgage applications, buoyed by strong purchase application activity and stable, low interest rates increased from one week earlier, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending May 22.
Dealmaker: Arbor Funds $73M in Fannie Mae DUS Loans
Arbor Realty Trust, Uniondale, N.Y., funded $73.2 million in Fannie Mae Delegated Underwriting and Servicing loans in Texas and Kansas
MBA: Share of Mortgage Loans in Forbearance Increases to 8.36%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey showed loans now in forbearance increased to 8.36% of mortgage servicer volume as of May 17, up from 8.16% the week before. MBA now estimates 4.2 million homeowners are in forbearance plans.
MBA: Share of Mortgage Loans in Forbearance Increases to 8.36%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey showed loans now in forbearance increased to 8.36% of mortgage servicer volume as of May 17, up from 8.16% the week before. MBA now estimates 4.2 million homeowners are in forbearance plans.
Andrew Foster: Mezzanine Market Musings
The commercial real estate mezzanine loan market is ripe with interesting market developments this year.
March Home Prices Up to 4.4% Annually
S&P Dow Jones Indices, New York, said its CoreLogic Case-Shiller Indices showed home prices continue to increase at a modest rate across the U.S.
April New Home Sales Reflect Growing Purchaser Confidence
After several months of brutish news, in which home builder confidence fell to an eight-year low, HUD and the Census Bureau had some good news: April new home sales rose for the first time since January.
Consumer Confidence Stabilizes After Spring Freefall
Consumers took a deep breath in May, and it showed. The Conference Board, New York, reported its Consumer Confidence Index held steady in May, following sharp declines in March April that saw it drop to its lowest level in six years.