Origination

Independent mortgage banker recovery drove the weekly decrease in forbearance share, according to the Mortgage Bankers Association.

The organization postponed the issuance of its next set of revisions, which would have gone into effect at the start of 2022.

Also: CoStar boosts CoreLogic offer, Biden extends forebearance and the Fed sounds alarms on commercial real estate

Redfin expects the FTC to be more open to its proposal to buy RentPath than it was to CoStar’s earlier offer, Chief Financial Officer Chris Nielsen said.

Just because the Fed is staying put doesn’t mean that mortgage rates, and prices of MBS, are staying put as well, writes Vice Capital Markets Principal Chris Bennett.

The Federal Reserve warned of significant risks of business bankruptcies and steep drops in commercial real estate prices in a report published on Friday.

Moratorium extensions helped drive a weekly increase in forbearances, according to Black Knight.

“Sales could be even higher,” if more homes were put on the market, NAR’s chief economist Lawrence Yun said

With historic barriers of systemic discrimination, predatory lending and wealth inequities to overcome, change will take time, but leaders from National Association of Real Estate Brokers and other groups propose lenders take these steps now.

Today, the mortgage players who most actively hedged — Fannie and Freddie, real estate investment trusts and large bank servicers — have significantly reduced their need to to do so, analysts said.