Mortgages

A slowdown in the increase of loans exiting forbearance “implies that those who were able to absorb the shock of the pandemic and get back on their feet, may have already done so,” said Andy Walden, Black Knight economist.

The transaction features a pool of non-qualified mortgages with a higher-than-average delinquency rate driven by COVID-19 relief plans.

Housing values are outpacing record-low rates and that’s hurting the entry-level homebuyers, but down payment programs and other traditional measures to assist them may only drive prices to greater heights, according to former Freddie Mac CEO Don Layton.

The survey period runs through Feb. 19, so don't dally!

The Swiss banking giant is expected to set aside $850 million for litigation costs stemming from a long-running dispute with bond issuer over the sale of mortgage-backed securities.

Metro Denver's housing market ended 2020 with a bang, popping the roof with a record-high number of home sales and busting through the basement with the fewest listings available for sale.

Mortgage industry hiring and new job appointments for the week ending Jan. 8.

December’s housing market sentiment hit a seven-month low, indicating that inventory could be further constrained by sellers waiting for a better time to list, according to Fannie Mae.

Continuing a trend seen during the pandemic, the number of existing homes — excluding condos and townhomes — in the Las Vegas Valley dropped 11% from November.

It’s more of the same when it comes to mortgage rates entering 2021, as once again they have dropped to lowest point in the 50-year history of Freddie Mac’s Primary Mortgage Market Survey.

Fannie Mae and Freddie Mac’s underserved markets plans usually cover a three-year period, but their terms have been shortened due to the pandemic.

When the Uniform Residential Loan Application transition deadline hits on March 1, a data set within Fannie Mae’s Desktop Underwriter Program, which many lenders have used for a host of functions, will no longer be supported and unprepared lenders could later experience disruption.

The deal will add wholesale production to Guaranteed Rate's retail business.

The multifamily lender named Michael Levine as board chairman, succeeding Dominick Ciampa, who held the role for 10 years. The move comes less than a week after longtime CEO Joseph Ficalora abruptly retired and was replaced by Thomas Cangemi.

The regulator's demands for ending the action were excessive, Ocwen claimed.

Mortgage applications decreased 4.2% over the final two weeks of 2020, but the strong demand for home buying throughout most of the year should continue, according to the Mortgage Bankers Association.

The transaction was led by existing investor Insight Partners, with TVC Capital as a minority partner.

The complaint unsealed Monday alleges three individuals and several companies they owned or controlled engaged in False Claims Act violations involving short sales of properties that had Federal Housing Administration-insured mortgages.

As housing and lending companies try to eradicate racism and bias from their industries, automated valuation tools could help reach that goal, according to the American Enterprise Institute.

The company had canceled its planned pricing of the deal at the end of October over stock market volatility.