Housing Finance Roundup: July 13, 2020

MBA NewsLink summarizes more than half a dozen new reports from Redfin; Zillow; First American Financial Corp.; Fitch Ratings; ATTOM Data Solutions; and Black Knight.

Millennial Homeownership ‘Delayed, Not Denied’

Despite the economic effects of the coronavirus pandemic, millennials appear poised to fuel a “Roaring ’20s” of homeownership demand, said First American Financial Corp., Santa Ana, Calif.

Industry Briefs

Black Knight, Jacksonville, Fla., said its McDash Flash Forbearance Tracker, as of May 19, reported 4.75 million homeowners – or 9.0% of all mortgages – have entered into COVID-19 mortgage forbearance plans. Active forbearance volumes increased by just 93,000 over the past week, a more than 70% decline from the 325,000 from the first week of May.