MBA: Share of Loans in Forbearance Falls 4th Straight Week

The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey showed loans now in forbearance decreased by 21 basis points to 8.18% of servicers’ portfolio volume for the week of July 5, from 8.39% the week before. MBA now estimates 4.1 million homeowners are in forbearance plans, down from 4.2 million the previous week.

MBA: Share of Loans in Forbearance Falls 4th Straight Week

The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey showed loans now in forbearance decreased by 21 basis points to 8.18% of servicers’ portfolio volume for the week of July 5, from 8.39% the week before. MBA now estimates 4.1 million homeowners are in forbearance plans, down from 4.2 million the previous week.

Industry Briefs July 14, 2020

FirstClose Inc., Austin, Texas, a provider of technology platforms for banks and credit unions, partnered with Temenos, a banking software company. With integration of the FirstClose ONE platform into Temenos Infinity Loan Origination, customers can order instant and bundled reports on credit, flood, valuation, tax and title directly from the loan origination system.

Fannie Mae: Explore eClosing Scenarios

Did you know electronic closings can occur in different ways? Take a closer look at two digital closing scenarios: hybrid and full eClosing with remote online notarization (RON).

FHFA Extends GSE Loan Processing Flexibilities Through Aug. 31

The Federal Housing Finance Agency announced yesterday that Fannie Mae and Freddie Mac will extend several loan origination flexibilities until August 31 to ensure continued support for borrowers during the COVID-19 national emergency.

Unemployment Claims Top 1M for 16th Consecutive Week

The good news: initial claims fell for the 14th consecutive week, the Labor Department said yesterday. The bad news: despite the decrease, initial claims topped one million for the 14th consecutive week and look as if they will continue to do so for several more weeks.

Fannie Mae: Explore eClosing Scenarios

Did you know electronic closings can occur in different ways? Take a closer look at two digital closing scenarios: hybrid and full eClosing with remote online notarization (RON).

Housing Finance Market Roundup

Here’s a summary of recent reports about the housing market and real estate finance, with reports from Zillow; Veros Real Estate Solutions; Fannie Mae; Redfin; Genworth Mortgage Insurance; and Computershare Loan Services.

Fannie Mae: Explore eClosing Scenarios

Did you know electronic closings can occur in different ways? Take a closer look at two digital closing scenarios: hybrid and full eClosing with remote online notarization (RON).