Mortgage applications increased for the second straight week–and purchase applications increased for the ninth consecutive week–as key interest rates fell to record lows, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending June 12.
Tag: Mike Fratantoni
MBA: Share of Mortgage Loans in Forbearance Levels Out at 8.55%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey said loans now in forbearance increased just slightly, to 8.55% of servicers’ portfolio volume as of June 7 compared to 8.53% the prior week. MBA now estimates 4.3 million homeowners are in forbearance plans.
MBA: Share of Mortgage Loans in Forbearance Levels Out at 8.55%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey said loans now in forbearance increased just slightly, to 8.55% of servicers’ portfolio volume as of June 7 compared to 8.53% the prior week. MBA now estimates 4.3 million homeowners are in forbearance plans.
Fed: No Rate Hike Until ‘at Least 2022’
The Federal Open Market Committee yesterday offered cautious hope for an economic turnaround following the body-slam brought on by the coronavirus pandemic. But it soberly noted the economic recovery could take some time.
MBA Survey: Share of Mortgage Loans in Forbearance Slows to 8.53%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance increased to 8.53% of mortgage servicers’ portfolio volume as of May 31, compared to 8.46% the prior week. MBA now estimates nearly 4.3 million homeowners are in forbearance plans.
MBA Survey: Share of Mortgage Loans in Forbearance Slows to 8.53%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance increased to 8.53% of mortgage servicers’ portfolio volume as of May 31, compared to 8.46% the prior week. MBA now estimates nearly 4.3 million homeowners are in forbearance plans.
MBA Survey: Share of Mortgage Loans in Forbearance Increases to 8.53%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance increased to 8.53% of mortgage servicers’ portfolio volume as of May 31, compared to 8.46% the prior week. MBA now estimates nearly 4.3 million homeowners are in forbearance plans.
An Upbeat Jobs Report, Followed by a ‘Misclassification Error’
At 8:30 a.m. on Friday, the Bureau of Labor Statistics issued a surprising May unemployment report: instead of the 8 million job losses expected by economists’ consensus, the report showed a dramatic 2.5 million increase in jobs, and a 1.4 percent dip in the unemployment rate, from 14.7 percent in April to 13.3 percent. But there was a catch–a huge catch.
MISMO Seeks Participants to Help Reduce Mortgage Servicing Portfolio Risk
MISMO, the mortgage industry standards organization, seeks industry participants to join a Development Work Group to create a new standardized mortgage servicing portfolio risk and retention dataset.
MISMO Seeks Participants to Help Reduce Mortgage Servicing Portfolio Risk
MISMO, the mortgage industry standards organization, seeks industry participants to join a Development Work Group to create a new standardized mortgage servicing portfolio risk and retention dataset.