Blend posted a $9.4 million loss in the first quarter as the slow pace of home sales pulled revenue from its mortgage software suite down…
Posts published in “independent mortgage banks”
Shares in the cloud banking solutions developer are down 14% after the company says the mortgage technology business it acquired for nearly $1 billion in…
Lenders lost $2,812 per loan as business dropped off faster than they could trim expenses and production costs hit a record-high $12,450 per loan, a…
The overall decline of mortgage loans in forbearance was led by Ginnie Mae loans, which dropped by 7 basis points from the previous week to…
The number of mortgage loans in forbearance stayed constant from the previous week at 5.54 percent, according to the Mortgage Bankers Association. Source: Inman News
Mortgages in forbearance decreased from 6.93 percent to 6.87 percent during the week ending Sept. 20, according to the Mortgage Bankers Association. Source: Inman News
As Congress continues to be at a standstill in passing a second stimulus bill to support Americans who have become unemployed as a result of…
After 10-straight weeks of mortgage loans in forbearance declines, the total number of loans in forbearance appears to have flattened out at 7.2 percent. Source:…
For the eighth week in a row, total loans in forbearance have declined. Currently, there are about 3.7 million homeowners enrolled in forbearance plans. Source:…
The total share of loans in forbearance dropped to 7.67 percent of servicers’ portfolio volume, according to the Mortgage Bankers Association. Source: Inman News