Refinance

Mortgage applications decreased 2.6% from one week earlier, as tighter underwriting drove the refinance index to its lowest level since March, according to the Mortgage Bankers Association.

The Mortgage Bankers Association's forecast anticipates tremendous coronavirus stimulus-related debt coming on to the market.

Other safety measures taken to protect settlement agents and consumers include drive-up closings and overnight mail.

The Federal Housing Finance Agency clarified that borrowers with Fannie Mae- or Freddie Mac-backed mortgages who have entered into forbearance plans can be eligible for a refi or new purchase once they are considered “current” on their mortgage.

The economic contraction will keep mortgage rates low for the foreseeable future.

The commercial mortgage broker's move is part of its formation of a dedicated multifamily group.

While overall mortgage application volume remained flat, purchase activity continued to rebound — and that should be the case through the remainder of the spring, according to the Mortgage Bankers Association.

The title insurer did not disclose the number of layoffs.

Three of the four had fewer new notices of delinquency for the quarter, but that should change going forward.

Mortgage rates are at record lows, but borrowers hoping to take advantage are running into the toughest loan-approval standards in years.