Mortgages

Borrowers gained over $6 trillion in home equity since the Great Recession ended and the relative health of the housing market should stave off a coronavirus-induced collapse, according to CoreLogic.

The measures extended by the Federal Housing Finance Agency include alternative methods used for certain appraisals and for verification of employment.

The expected rise in refinance volume overrides pessimism about purchase activity for their businesses.

Home sales in the San Antonio area plunged 20% in May, the market's worst stretch since the onset of the coronavirus pandemic.

Mortgage rates increased slightly for the second consecutive week, buoyed early on by positive economic news such as the jobs report that came out last Friday, according to Freddie Mac.

Home sales in New Hampshire cratered in May thanks to fewer homes on the market and more caution by sellers during the coronavirus pandemic.

The Federal Housing Administration's move to insure loans with forbearance could help support homeownership opportunities constrained by the coronavirus if one change was made to it, trade groups said.

Groups representing community banks and credit unions generally support the new percentage-based goals set by the Federal Housing Finance Agency.

The Federal Reserve pledged to maintain at least the current pace of asset purchases and projected interest rates will remain near zero through 2022, as Chairman Jerome Powell committed the central bank to using all its tools to help the economy recover from the coronavirus.

Mortgage investors can take heart knowing the Federal Reserve considers agency MBS a primary arena through which to conduct monetary policy.

The coronavirus market disruption actually caused the company's execs to speed up its return.

Now the shutdown has stretched into mid-June, effectively canceling the long-anticipated Memorial Day listings bonanza.

Mortgage applications increased 9.3% from one week earlier, fueled by low mortgage rates and the release of pent-up demand, according to the Mortgage Bankers Association.

The coronavirus pandemic is driving rents down in San Francisco and across the region, reshaping a housing market that for the past decade has generated enormous profits for residential developers while displacing tens of thousands of workers from the inner Bay Area.

Home sale prices in Cuyahoga County, Ohio, continued their usual spring rise through May, though the number of sales were down amid the coronavirus crisis.

Some lawmakers fear that when forbearance plans and enhanced unemployment coverage expire, the consequences for mortgage borrowers still affected by the pandemic will be severe.

If delinquency rates rise, all four stand-alone firms would have a capital shortfall.

Looming economic uncertainties forced mortgage lenders to tighten underwriting standards in May.

Southern California housing markets are rebounding off what arguably was the worst April in the history books.

As brick-and-mortar shopping centers steadily lost market share to online competitors, the family behind three of the four biggest malls in North America built a thriving business by infusing their properties with heavy doses of entertainment.