Mortgages

The forbearance rate rose behind slowed economic recovery, according to the Mortgage Bankers Association.

The company was accused of sending borrowers erroneous loan modification information between 2014 and 2018.

The new bill ordering $600 stimulus checks and $25 billion in emergency rental assistance won't be enough to help millions of Americans struggling to make housing payments, according to industry watchers.

Southern California home prices jumped 11% in November and sales increased by 19% from last year's levels as a robust market streak continued to defy the coronavirus pandemic that saddled the region with high unemployment.

Two reports reveal how borrowers prefer to engage with lenders, with younger customers preferring an efficient digital experience and most seeking some form of human interaction.

The company expects a good year ahead for mortgage insurers, assuming that rising employment, higher home prices and payment timing deferrals will help them to mitigate risk.

The accused, who also faces vehicle title and investment fraud charges, allegedly submitted falsified statements related to the payoff of an earlier mortgage when applying for a new one.

With infection rates rising and unemployment claims increasing since Thanksgiving, mortgages in coronavirus-related forbearance rose by 37,000 last week, according to Black Knight.

Mortgage industry hiring and new job appointments for the week ending Dec. 18.

The Johnny Isakson and David P. Roe Veterans Health Case and Benefits Improvement Act includes a provision that extends eligibility for VA loans to certain full-time National Guard and Reserve members.

The boom continues, with refinances making up a 61% share of all mortgage loans issued that month, according to Ellie Mae.

The proposal builds on guidance the agency gave to Fannie Mae and Freddie Mac earlier this year.

Fiscal policy concerns, rather than economic data, are driving rate changes right now, economist says

Single-family starts rose for a seventh month to a 1.186 million annualized rate that was the highest since 2007.

The percentage of seriously delinquent loans hit 5.8% in the third quarter, up from 1.5% a year earlier but down from 6.8% in the second quarter.

While the haggling tapered off slightly alongside the housing market’s seasonal slowdown, home sales remained five times more competitive than the year before, according to Redfin.

The deadline for inclusion in Ginnie mortgage-backed securities has been extended and an exception will be made for some participations.

Economic instability during the quarter drove the increase in findings regarding income and employment, Aces Quality Management reported.

Homebuilder confidence eased slightly in December to the second-best level on record following the prior month’s peak, signaling that low mortgage rates are still giving the industry a major boost.

The key to preparation today lies in process automation that far surpasses pre-pandemic solutions for default servicing, Clarifire CEO Jane Mason says.