Origination

Loans with coronavirus-related forbearance have to be reported as current to the credit bureaus but there’s a ripple effect from them that has implications for credit reports and underwriting.

Central Ohio home sales fell sharply in April and dropped to their lowest level in a decade nationally, as the coronavirus pandemic took full hold of the real estate market.

Signed purchase agreements dropped 20%, but the sales that closed in April showed buyers still paying top dollar.

As the growth rate in forbearance requests downshifts, a vast stockpile of loans await modifications.

Mortgage industry hiring and new job appointments for the week ending May 22.

A Democratic measure to freeze foreclosures and auto repossessions through the coronavirus crisis while expanding eligibility for loan forbearance is getting strong pushback from banks and credit unions, which complain it would constrain credit.

With mortgage rates reaching all-time lows in the opening quarter, refinance originations were up in 97% of housing markets during 1Q, according to Attom Data Solutions.

Home sales in Volusia and Flagler counties in Florida declined in April, but prices continued to rise, area Realtors' associations reported.

The funds will allow the company to make further investment in its machine language technology.

Mortgage rates declined this past week, further continuing to help attract previously reluctant buyers back into the purchase market, according to Freddie Mac.