Digital Mortgage 2020

If the transaction does not go through, Genworth is looking at reviving a spin-out of its U.S. mortgage insurance business.

The company formally reported a nearly $65 million loss in the first quarter as the coronavirus affected its operations in March.

Compared with the week prior, approximately 83,000 more loans from all investor types became forborne.

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.

Video conferencing might replace some in-person meetings even after people can go back out on the road again.

With more real estate and mortgage companies moving to a digital process, volume expectations in the face of coronavirus restrictions shot way up in May compared to April.

For potential higher-end homebuyers, the pandemic was merely a pause, but for those seeking affordable properties — often people of color — it created yet another barrier.

Government-sponsored enterprise reform could be one hurdle to future innovation.

Whatever path Fannie Mae and Freddie Mac take, the Mortgage Bankers Association would like to see them preserve many of the changes they made while in government conservatorship.

The number of loans going into coronavirus-related forbearance dropped, with the growth rate falling 7 basis points between June 8 and June 14, according to the Mortgage Bankers Association.

With the average borrower needing over two decades to save a 20% down payment for the median-priced home, private-mortgage-insured loans experienced major growth in 2019.

The delinquency rate at the end of May was the highest in over eight years, but that includes borrowers in forbearance plans.

While home-buying season was on hold due to the coronavirus, a dearth in supply could hamper any big rebound in sales.

Potential sales last month rose compared with April as homes became more affordable due to low mortgage rates.

Mortgage rates fell 8 basis points this week to a new low as the economy remains shaky and there are new flare ups of the coronavirus, according to Freddie Mac.

Purchase mortgage application volume was at its most in over a decade as consumer confidence continued to improve in the aftermath of the coronavirus shutdown, according to the Mortgage Bankers Association.

The report by Unison also advised investors to focus on "diversified residential real estate" over traditional retail and office spaces.

The availability of some loans used to build homes dried up due to the coronavirus. Opening up the economy may help if it doesn't lead to a spike in infections, and if consumer demand persists.

Millennial refinance activity hit a new high-water mark behind historically low mortgage rates, up 40 percentage points from the year before, according to Ellie Mae.

With no way of knowing just how many borrowers will need the mods after the coronavirus forbearance period ends, lenders are deploying artificial intelligence and servicing protocols to tame the ferocious piles of paperwork awaiting them.