The number of loans going into coronavirus-related forbearance dropped for the third consecutive week, as the growth rate fell 8 basis points between June 22 and June 28, according to the Mortgage Bankers Association.
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From Southern California to the Great Lakes, here's a look at 12 housing markets with the biggest annual declines in pending sales, according to CoreLogic.
Nonbank servicers have been seeking more sources of cash since the coronavirus disrupted markets and elevated forbearance rates. These are some strategies they may be able to use.
From the Midwest to mid-Atlantic, here's a look at 12 housing markets where first-time homebuyers find the most affordability, according to NerdWallet.
The agency has freed companies from reporting requirements and provided flexibility on exams to help them deal with COVID-19 fallout. It has also finished other regulatory relief efforts that were in the pipeline before the pandemic hit.
Democrats’ latest proposal to back debt collectors, enable loans for nonprofits and provide other relief could help steer negotiations with the Senate on more stimulus.
From what it takes to accommodate remote notarization to figuring out how to process an influx of forbearance requests through limited communication channels, here are five takeaways from coronavirus-related work restrictions.
As lenders scale up on their remote capabilities in response to the pandemic, the software companies that service them see exponential growth.
ShareholderGreenberg Traurig LLPJuly 6
Vice President of Strategic SolutionsOrigenceJune 5
News & Features
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Santa Fe County, N.M., real estate was on a wild ride in the second quarter, and not just because single-family home sales dropped 36% for April, May and June with the COVID-19 pandemic redefining life this spring.9h ago
The $38.7 billion of equity withdrawn during the period was down 8% from the fourth quarter.July 6
While the multifamily loan forbearance rate is lower than the most pessimistic projections, Pat Jackson says borrowers are hardly out of the woods yet.July 6
With thousands of job cuts likely to follow what's forecast to be the worst recession in three centuries, the tenants of the glass and steel towers that dominate the City of London and Canary Wharf may face an even bigger retreat.July 6
DocMagic Launches AutoPrep Technology, Enabling Total eClose™ to Accept Documents from Any Provider for Paperless eClosingsTechnology automates the intricacies of preparing documents for an electronic closing
Tier 1 CRA rounds out their product offerings with Finicity partnership
The integration allows lenders to more efficiently and securely share data between Visionet’s VLR solution, that is approved/certified by Freddie Mac and Fannie Mae, and Ellie Mae’s Encompass® to improve closure ratio, reduce turnaround time and save costs in the loan origination process.