Digital Mortgage 2020

Freedom Mortgage's acquisition of RoundPoint Mortgage Servicing gives it a MSR portfolio of over $300 billion.

The number of loans going into coronavirus-related forbearance decreased for the ninth consecutive week, according to the Mortgage Bankers Association.

As inventory dropped to an all-time low in July, borrowers hunted for houses further and further from city centers, causing price spikes in rural markets, according to Redfin.

As more borrowers exit their plans, fewer than 4 million loans sit in forbearance, according to Black Knight.

But the 30-year fixed remains below 3%, which should continue to support increased demand.

A survey conducted throughout the second quarter found knowledge gaps based on race and income.

Refinance volume led the spike in mortgage applications for the week ending Aug. 7 as interest rates continued tumbling.

In a letter to the Consumer Financial Protection Bureau, the Mortgage Bankers Association recommended adding six more months to the latest GSE patch proposal.

The number of loans going into coronavirus-related forbearance was down for the eighth consecutive week, as the growth rate fell 23 basis points between July 27 and August 2, according to the Mortgage Bankers Association.

Conditions have improved for the first time since November.