Earlier this month, the Federal Home Loan Bank of Des Moines became the first of the 11-member FHLB system to announce it would accept residential mortgage electronic promissory notes—eNotes—as collateral. Now, a second FHLB has jumped on the eNotes bandwagon.
Tag: Mike Fratantoni
Mortgage Applications Decrease in MBA Weekly Survey
Mortgage applications fell for the first time in four weeks, albeit slightly, as the 30-year fixed rate held at a record low, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending July 24.
Mortgage Applications Decrease in MBA Weekly Survey
Mortgage applications fell for the first time in four weeks, albeit slightly, as the 30-year fixed rate held at a record low, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending July 24.
MBA: Share of Loans in Forbearance Falls for 6th Straight Week
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans in forbearance decreased by 6 basis points to 7.74% of servicers’ volume as of July 19, from 7.80% the prior week. MBA now estimates 3.9 million homeowners are in forbearance plans.
MBA: Share of Loans in Forbearance Falls for 6th Straight Week
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans in forbearance decreased by 6 basis points to 7.74% of servicers’ volume as of July 19, from 7.80% the prior week. MBA now estimates 3.9 million homeowners are in forbearance plans.
MBA: Share of Loans in Forbearance Falls for 6th Straight Week
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans in forbearance decreased by 6 basis points to 7.74% of servicers’ volume as of July 19, from 7.80% the prior week. MBA now estimates 3.9 million homeowners are in forbearance plans.
MISMO Releases Proposed Commercial Appraisal Data Standards
MISMO®, the mortgage industry standards organization, released new proposed data standards for commercial property appraisals. The new dataset will facilitate efficient exchange of appraisal information across the commercial real estate finance industry.
MISMO Releases Proposed Commercial Appraisal Data Standards
MISMO®, the mortgage industry standards organization, today released new proposed data standards for commercial property appraisals. The new dataset will facilitate efficient exchange of appraisal information across the commercial real estate finance industry.
The Week Ahead
The Federal Open Market Committee holds its next Policy Meeting this Tuesday, July 28 and Wednesday, July 29. While Fed-watchers don’t expect the FOMC to take action on the federal funds rate—it’s already at zero—they will, as usual, go over the Wednesday statement with a fine-toothed editing pencil to gain insight on other steps to boost an uncertain economy amid the global coronavirus pandemic.
June Existing Home Sales Jump Record 20.7%
Existing home sales rebounded at a record pace in June, the National Association of Realtors reported yesterday, showing strong signs of a market turnaround after three straight months of sales declines caused by the coronavirus pandemic.