Mortgage application activity took a hit last week as the housing market continued to struggle with the effects of the coronavirus pandemic, the Mortgage Bankers Association reported in its Weekly Mortgage Applications Survey for the week ending April 3.
Category: News and Trends
MBA Survey Shows Spikes in Loan Forbearance, Servicer Call Volumes
New survey findings from the Mortgage Bankers Association highlight the unprecedented, widespread mortgage forbearance already requested by borrowers affected by the spread of the coronavirus (COVID-19).
MBA Takes Issue with Calabria’s Downplay of Need for Servicer Liquidity Facility
The Mortgage Bankers Association called “troubling” comments by Federal Housing Finance Agency Director Mark Calabria in which he dismissed the immediate need for a federally backed liquidity facility to assist mortgage servicers with forbearance efforts resulting from the coronavirus pandemic.
MBA Takes Issue with Calabria’s Downplay of Need for Servicer Liquidity Facility
The Mortgage Bankers Association called “troubling” comments by Federal Housing Finance Agency Director Mark Calabria in which he dismissed the immediate need for a federally backed liquidity facility to assist mortgage servicers with forbearance efforts resulting from the coronavirus pandemic.
Ginnie Mae Approves Private Market Servicer Liquidity Facility
Ginnie Mae, Washington, D.C., yesterday announced it approved inclusion of a servicing advance financing facility under its Acknowledgment Agreement program.
CoreLogic: February Home Prices Up 4.1% Annually
CoreLogic, Irvine, Calif., said its February Home Price Index and HPI Forecast showed home prices rose both year over year and month over month.
Mortgage Applications Down in MBA Weekly Survey
Mortgage application activity took a hit last week as the housing market continued to struggle with the effects of the coronavirus pandemic, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending April 3.
Reports Examine Which Housing Markets Could See Coronavirus Impact
Several new reports take a look at how—and where—the coronavirus pandemic could most affect U.S. housing markets. Below is a recap.
Mortgage Vendor News & Views with Scott Roller
In this ongoing article series, we report on mortgage and credit union vendor marketplace events and trends, and we then share our viewpoints. The theme for today’s article is vendor innovations that are driving speed, quality and cost saves – a select few vendors that really don’t look much like their contemporaries.
Industry Briefs
Black Knight, Jacksonville, Fla., released a white paper that provides an in-depth evaluation of the impact the extended disruption of the COVID-19 pandemic may have on the housing and mortgage industries.