During the second quarter of 2020, 1.69 million refinance mortgages were secured by residential properties in the U.S., a number up nearly 50 percent from…
Posts published in “Mortgage”
The Consumer Financial Protection Bureau believes “season QM” mortgages will spur innovation. But not everyone is convinced they’re a good idea. Source: Inman News
The government-sponsored enterprises are imposing a 0.5 percent fee on refinances, a move that, while garnering criticism, could convince homeowners to buy. Source: Inman News
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 number of shares and pricing is a downgrade from the company’s initial announcement offering 150 million shares ranging between $20 and $22 per share. …
The decline in loan application activity may be a result of rising coronavirus cases in many states, as well as the delay of a new…
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
Only 5.7 percent of the single-family loans guaranteed by the GSE were in forbearance at the end of Q2, down from 7 percent at the…