The share of mortgage loans in forbearance fell for the 16th straight week and is now under 4 percent for the first time since onset of the coronavirus pandemic, the Mortgage Bankers Association reported Monday.
Mortgage applications increased for the second straight week despite rising interest rates, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending June 18.
Existing home sales fell for the fourth straight month in May, the National Association of Realtors reported Tuesday, as rising prices and low inventories continue to stymie momentum.
Enrollment in financial hardship programs grew significantly as a result of the COVID-19 pandemic – to 7% of all accounts for credit products such as auto loans and mortgages. However, a new TransUnion study reported the majority of consumers continued to make payments on their accounts, even when in an accommodation program.
Trepp, New York, reported “mixed results” for bank commercial real estate loan performance in the first quarter.