Supply Chain Issues Show Up in 3Q Gross Domestic Product

We’ve been hearing a lot of news lately about the U.S. economy being hamstrung by supply chain issues. On Thursday, the Bureau of Economic Analysis appeared to quantify those issues.

Share of Mortgage Loans in Forbearance Decreases to 2.21%

The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 7 basis points to 2.21% of servicers’ portfolio volume as of October 17 from 2.28% the week before. MBA estimates 1.1 million homeowners are in forbearance plans.

Share of Mortgage Loans in Forbearance Decreases to 2.21%

The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 7 basis points to 2.21% of servicers’ portfolio volume as of October 17 from 2.28% the week before. MBA estimates 1.1 million homeowners are in forbearance plans.

September Existing Home Sales Jump 7%

Existing home sales came roaring back in September, rising by 7 percent with all four regions posting strong monthly gains, the National Association of Realtors reported Thursday.