Mortgages

Sales of homes for May were down in Butler County and the Greater Cincinnati area, a trend that was anticipated due to the Ohio stay-at-home order.

The company formally reported a nearly $65 million loss in the first quarter as the coronavirus affected its operations in March.

Compared with the week prior, approximately 83,000 more loans from all investor types became forborne.

Nonbank servicers have been seeking more sources of cash since the coronavirus disrupted markets and elevated forbearance rates. These are some strategies they may be able to use.

Home sales plunged 70% in May in the wake of the COVID-19 pandemic — the largest drop in the country, according to the Remax National Housing report.

Sales of single-family existing homes in Maine fell by a staggering 21.3% in May from a year earlier, nearly matching the most recent comparable one-year decline of 21.4% following the Great Recession, in June 2011.

Mortgage industry hiring and new job appointments for the week ending June 26.

Home sales in May fell sharply in Flagler and Volusia counties in Florida as the coronavirus pandemic continued to put a damper on the local real estate market.

But the coronavirus put a hold on the market in April and remains an overhanging cloud for the future.

The government-sponsored enterprises had been considering tightening counterparty requirements for nonbanks, but in light of COVID-19's spread, they've reconsidered that.

Mortgage rates were flat this week and remain near all-time lows, according to Freddie Mac. But significant numbers of borrowers remain unable to take advantage of them.

Central Ohio home sales fell 21% in May compared with the previous year, but climbed a bit from a horrific April, as the real estate industry continues to wrestle through coronavirus.

An imminent high court ruling about the independence of the bureau's director, coupled with an election victory for Joe Biden, could doom a plan to extend GSEs' exemption from tough debt-to-income requirements on mortgages.

For banks with assets between $10 billion and $100 billion, the average exposure is 165% of capital.

The shutdown imposed by the coronavirus pandemic may have caused an abrupt drop in the real estate business, but early indications show the recovery will come just as quickly.

The mortgage company will provide up to $17 million in forgiveness to settle charges that modifications it applied to distressed government-related loans were not in keeping with state servicing regulations.

Video conferencing might replace some in-person meetings even after people can go back out on the road again.

Even as interest rates remained at record-low levels, mortgage application activity for both purchases and refinancings declined compared to one week earlier, according to the Mortgage Bankers Association.

Single-family home sales in Tampa Bay plummeted in May at rates much higher than even April's year-over-year declines as the pandemic continued to stunt the market, according to new figures released by Florida Realtors.

A new CFPB rule will expedite the forbearance and loss-mitigation process for consumers suffering financial hardship from the pandemic.