The Conference Board, New York, said its Consumer Confidence Index declined in December, the second straight monthly decline economic uncertainty following a resurgence in the coronavirus pandemic.
Tag: Coronavirus
November Existing Home Sales Down 2.5%
Low housing inventories finally caught up with November existing home sales, which fell for the first time in five months, the National Association of Realtors reported yesterday.
MBA: Share of Mortgages in Forbearance Ticks Up
The Mortgage Bankers Association’s latest Forbearance & Call Center Survey reported loans in forbearance increased slightly to 5.49% of servicers’ portfolio volume as of December 13 from 5.49% the prior week. MBA estimates 2.7 million homeowners are in forbearance plans.
MBA: Share of Mortgages in Forbearance Ticks Up
The Mortgage Bankers Association’s latest Forbearance & Call Center Survey reported loans in forbearance increased slightly to 5.49% of servicers’ portfolio volume as of December 13 from 5.49% the prior week. MBA estimates 2.7 million homeowners are in forbearance plans.
Chris Mason: ‘Dear Management’…
2020 is ending…and 2021 is coming into view. A few thoughts that should be dancing around in your head…along with those sugar plums.
MBA, Trade Groups Ask Federal Agencies for Clarity on CARES Act Forbearance
The Mortgage Bankers Association, the American Bankers Association and the Housing Policy Council on Thursday asked federal agencies to issue guidance establishing a consistent timeframe for CARES Act forbearance under their respective programs.
ACES: Critical Defect Rate Highest Since 2018
ACES Quality Management, Denver, said its quarterly Mortgage QC Trends Report for the second quarter reported the overall critical defect rate of 1.88% is the highest quarterly rate since 2018.
With Record-Low Rates, All Signs Move Forward in MBA Weekly Survey
Interest rates fell again last week, and homebuyers took advantage across the board, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending December 11.
Builder Confidence Dips from Record Highs, But Stays Strong
Builder confidence in the market for newly built single-family home fell for the first time in three months in December, but remained strongly optimistic, the National Association of Home Builders reported yesterday.
Genworth: Largest First-Time Homebuyer Purchase Market in 20 Years
Historically low interest rates, change in home preferences, flexible work schedules and increased housing affordability triggered substantial rebound in first-time homebuyer market in the third quarter, said Genworth Mortgage Insurance, Richmond, Va.