Coronavirus

The Spokane, Wash., housing market has shown little signs of slowing during the pandemic.

With no way of knowing just how many borrowers will need the mods after the coronavirus forbearance period ends, lenders are deploying artificial intelligence and servicing protocols to tame the ferocious piles of paperwork awaiting them.

The rescue bill enabled banks to protect loans in forbearance from an immediate hit to a borrower’s credit report, but experts say affected consumers may have trouble getting loans after the pandemic ends.

The company's pricing of its secondary stock option partially alleviated worries about the need to obtain new funds and the risk of dilution for existing shareholders.

Coronavirus-related mortgages in forbearance grew 10 basis points between May 18 and May 24, according to the Mortgage Bankers Association.

Home sales in April stayed healthy despite the Ohio stay-at-home order, but dropped by double digits compared to a year before at the same time.

Steps have been taken to manage coronavirus-related liquidity risks to the housing finance system, but some remain, according to Mortgage Bankers Association President and CEO Robert Broeksmit.

Aggregate numbers for coronavirus-related payment suspensions are showing more consistency as organizations clarify how they handle them, and some consumers' incentives to use them may be declining.

The social distancing related limitations on home appraisals is inspiring some companies to find new ways to advance the process.

Even after the Fed eased some limitations in April to promote emergency lending, the bank has had to make some “tough choices” to heed the $1.95 trillion growth ceiling set by regulators in the aftermath of its phony-accounts scandal.

Stuck day and night in their homes, a surprising number of Americans are deciding the pandemic is a great time to upgrade.

Homes sales in Oklahoma didn't hit the skids in April, just a patch of black ice, but everyone managed to keep it between the ditches.

The Austin, Texas, area housing market had been on a 10-year roll before the coronavirus pandemic. Several market indicators nosedived as the effects began to be felt in the market in late March and continuing into April.

An index of contract signings for purchases of previously owned homes slumped to a record low in April as coronavirus lockdowns thwarted prospective buyers.

In addition to the potential wave of mortgage defaults resulting from coronavirus-driven forbearances, hurricane season could put nearly 7.4 million homes worth $1.8 trillion at risk.

But the number of foreclosures and zombie properties may spike after the moratorium ends on June 30.

Michigan's economy collapsed this spring amid the coronavirus pandemic as thousands of businesses closed and more than 1 million residents lost work and sought unemployment benefits.

Home sales dipped in April due to the COVID-19 pandemic, but the decline in Virginia wasn't as severe as many had anticipated, according to Virginia Realtors.

The temporary approval of remote ink-signed notarizations gives mortgage companies another tool for closing deals during coronavirus lockdown.

Kalahari Resorts defaulted on a $347 million mortgage originated by JPMorgan Chase