The Federal Housing Finance Agency said it would approve purchase of certain single-family mortgages in forbearance that meet specific eligibility criteria by Fannie Mae and Freddie Mac.
Tag: Coronavirus
Home Prices Rising Despite Coronavirus
Several reports this week suggest despite the crippling effect the coronavirus has had on the spring housing market, home prices continue to increase.
Mortgage Applications Dip in MBA Weekly Survey
Mortgage applications fell slightly from one week earlier despite interest rates holding at record lows, the Mortgage Bankers Association reported in its Weekly Mortgage Applications Survey for the week ending April 17.
FHFA: GSEs Will Purchase Qualified Loans in Forbearance
The Federal Housing Finance Agency said it would approve purchase of certain single-family mortgages in forbearance that meet specific eligibility criteria by Fannie Mae and Freddie Mac.
Mortgage Applications Dip in MBA Weekly Survey
Mortgage applications fell slightly from one week earlier despite interest rates holding at record lows, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending April 17.
March Existing Home Sales Fall—But Worst Is Yet to Come
After a promising start to the spring home-buying season, existing home sales tumbled in March to a nearly five-year low, the National Association of Realtors reported yesterday—and because of the coronavirus pandemic, the outlook for April isn’t any better.
FHFA: Fannie Mae, Freddie Mac to Use 4-Month Advance Limit for Loans in Forbearance
The Federal Housing Finance Agency yesterday said it aligned Fannie Mae and Freddie Mac policies regarding servicer obligations to advance scheduled monthly principal and interest payments for single-family mortgage loans.
Redfin: U.S. Housing Market ‘Reverses Course’
In little more than a month, the coronavirus pandemic sent the housing market from a promising spring to a national emergency, said Redfin, Seattle.
MBA Chart of the Week: Year over Year Change in Purchase Applications
According to data from MBA’s State Monthly Activity Report (SMAR), purchase applications grew for 14 consecutive months until the impacts of COVID-19 slowed activity to a 2 percent decline in March. Most of the decline was likely in the last two weeks of the month, when many states enacted restrictions on non-essential business and social activity.
MBA Chart of the Week: Year over Year Change in Purchase Applications
According to data from MBA’s State Monthly Activity Report (SMAR), purchase applications grew for 14 consecutive months until the impacts of COVID-19 slowed activity to a 2 percent decline in March. Most of the decline was likely in the last two weeks of the month, when many states enacted restrictions on non-essential business and social activity.