Mortgage delinquencies rose in the first quarter as the economic effects of the coronavirus pandemic began to take hold, the Mortgage Bankers Association reported this morning.
Mortgage applications edged up for the second straight week, driven by strong purchase application activity, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending May 8.
It seemed like it took forever—and in political terms, seven months feels like forever—but Brian Montgomery is finally, officially, HUD Deputy Secretary.
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance increased from 7.54% of servicers’ portfolio volume in the prior week to 7.91% as of May 3. MBA now estimates 4 million homeowners are now in forbearance plans.