Refinance

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.

Mortgage rates ticked up slightly this week, but whether consumers are able to take advantage of them for purchases and refinancings depends on who looks at the data.

But it is still looking to conserve capital to cover future delinquencies and will likely halt dividends to the parent company.

With mortgage rates plummeting, the refinance share of closed loans from millennial borrowers rose for the third straight month, to the highest level since Ellie Mae began tracking the data in 2016.