MortgageOrb, Sept. 9, 2020–Michael BatesThe share of mortgages in COVID-19-related forbearance plans continued to fall last week, driven by an eight-basis-point drop in the share of Fannie Mae and Freddie …
Category: Top National News
Purchase Market Remains Resilient as Mortgage Applications Gain 2.9%
HousingWire, Sept. 8, 2020–Alex RohaLast week’s drop in rates spurred a rebound in refinance activity.https://www.housingwire.com/articles/purchase-market-remains-resilient-as-mortgage-applications-gain-2-9/
Mortgage Refinances Are Up Over 200% From Last Year. Should You Hop on the Bandwagon?
Nasdaq.com, Sept. 9, 2020–Maurie BackmanIt’s not surprising that refinance is up more than 60% from the first quarter and more than 200% from the same time last year, according to …
Consumer Borrowing Regains Pre-Pandemic Pace, Fed Says
HousingWire, Sept. 8, 2020–Kathleen HowleyTotal consumer credit in July, not including mortgages, rose to $4.1 trillion.https://www.housingwire.com/articles/consumer-borrowing-regains-pre-pandemic-pace-fed-says/?
Mortgage Rate and Housing Market Predictions for Late-2020
The Mortgage Reports, Sept. 8, 2020–Erik MartinFor now, record-low mortgage rates seem set to continue.https://themortgagereports.com/68768/mortgage-rate-forecast-housing-market-predictions-late-2020
Eviction Wave Still at Sea: Will It Make Land?
Multi-Housing News, Sept. 4, 2020–Paul FiorillaPaul Fiorilla of Yardi Matrix sheds light on how the multifamily industry continues to brace for an increase in missed rent payments.https://www.multihousingnews.com/post/eviction-wave-still-at-sea-will-it-make-land/
Mortgage Refinancings Boom, Even As Coronavirus Hits Economy
Wall Street Journal, Sept. 8, 2020–Orla McCaffrey (subscription)The mortgage market recorded its best quarter in years this spring, a reflection of how the housing market is booming in 2020 even …
15-Year Fixed Mortgages Drop to Record Lows
Orange County Register, Sept. 3–Jeff LazersonThirty-year fixed mortgage rates rose slightly in the week ending Thursday, Sept. 3, but still were at their third-lowest level in records dating back 49 …
Fed Corrects Stress Test Error for Mortgage Stanley, Goldman Sachs
American Banker, Sept. 4, 2020–Hannah Lang (subscription)The central bank said it had miscalculated the loss rates for certain public welfare investments, which led to incorrect capital requirements for the two …
CDC’s New Eviction Moratorium Met with Worry from U.S. Housing Providers
Mortgage Professional America, Sept. 4, 2020–Clayton JarvisMortgage Bankers Association CEO Bob Broeksmit described the destabilizing cascade effect a lack of rent payments could have on the country’s housing providers, “millions” …