Mortgages

While those migrating from New York and New Jersey found housing they could afford, many Cape Cod residents saw the gap widen between what they could pay for a mortgage or rent given their diminished economic circumstances.

Meanwhile, July saw a record surge in existing-home sales, while mortgages in serious delinquency were on the rise

Most of the proceeds will be used to deal with debt maturities, with the rest held by the MI unit's parent.

As interest rates tumbled throughout July, prepayments climbed to the highest monthly rate since 2004, but 90-days-or-more delinquencies were on the rise from June, according to Black Knight.

Sales of previously owned homes surged by the most on record in July as lower mortgage rates continued to power a residential real estate market that's proving a key source of strength for the economic recovery.

Rather than letting zombie properties sit vacant, selling them to new owners and getting them reoccupied, creates the desired outcome.

Uncertainty over the economy, the pandemic and politics are keeping existing owners from listing their homes.

After seemingly falling off a cliff in April and May amid the cornavirus pandemic, Central Texas home sales have bounced back in a big way.

Mortgage industry hiring and new job appointments for the week ending Aug. 21.

Positive payment behaviors in conjunction with CARES Act measures kept mortgage delinquencies from rising, but the number of borrowers facing hardship grew exponentially from last year, according to TransUnion.

Lenders initially won't be able to pass on the cost of the Federal Housing Finance Agency's "adverse market fee" to borrowers whose rates on GSE-backed mortgages and refinances are already locked in.

The higher charge on mortgages refinanced through Fannie Mae and Freddie Mac is supposed to cushion against a crisis but could contribute to one as the fees are passed on to struggling consumers.

Mortgage rates crept up this week, nearly reaching the 3% mark as lenders raised prices because of a new fee, although purchase activity remained solid, according to Freddie Mac.

With mortgage rates tumbling near 3% in the second quarter, refinance originations spiked 400% in some housing markets, pushing overall volume to its highest point since 2009, according to Attom Data Solutions.

Home sales in greater Hartford jumped in July — typically a slow summer month for purchases — as sellers who sat the sidelines at the start of the pandemic put out the "for sale" sign and eager buyers snapped up properties.

The coronavirus continued reshaping the Bay Area housing market last month, as demand for homes was weakest in San Francisco and strongest in the North Bay as buyers untethered to an office sought more space.

Recent changes to housing policy and uncertainty regarding the coronavirus could slow that growth.

Fannie Mae's new chief administrative officer position focuses on diversity, inclusion and affordable housing.

New research finds that it's become harder than ever to acquire new customers — and equally challenging to engage newly acquired ones

In the past, the people that close the loan have been left out of developing this technology.