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Fiscal policy concerns, rather than economic data, are driving rate changes right now, economist says

The percentage of seriously delinquent loans hit 5.8% in the third quarter, up from 1.5% a year earlier but down from 6.8% in the second quarter.

The deadline for inclusion in Ginnie mortgage-backed securities has been extended and an exception will be made for some participations.

Homebuilder confidence eased slightly in December to the second-best level on record following the prior month’s peak, signaling that low mortgage rates are still giving the industry a major boost.

Mortgage applications increased 1.1% from one week earlier as a decline in rates to yet another low point brought consumers into the market, according to the Mortgage Bankers Association.

With coronavirus inoculations underway and government stimulus likely to come, the outlook for next year’s housing market and lending environment grew more optimistic in December.

Treasury Secretary Steven Mnuchin has all but ruled out letting Fannie Mae and Freddie Mac exit U.S. control before he steps down, leaving it to the Biden administration to decide the fates of the mortgage giants.

The forbearance rate continued its improvement, but the surge of COVID-19 cases could lead to more borrowers needing mortgage relief, according to the Mortgage Bankers Association.

There are people creating a lot of unrealistic scenarios about market risk.

The industry is now likely to top 2019's nearly $16 billion in premiums written.