Mortgages

Due to COVID-19's economic impact, the number of mortgaged properties in default or foreclosure rose in March for the first time since the turn of the century, according to Black Knight.

In the days before COVID-19 entered American consciousness, home prices in San Diego climbed near record territory.

Low mortgage rates increased new orders, but fallout from the pandemic hurt investment income.

A statewide stay at home order imposed in late March didn't stop Dayton Realtors from hitting their highest monthly sales figures so far in 2020.

The bipartisan coalition of AGs said homeowners should be allowed to wait until the end of a loan term to make payments they skipped because of the coronavirus.

Mortgage rates were little changed this week as the markets reacted positively to various economic measures coming out of Washington, according to Freddie Mac.

Sales of new homes slid in March by the most since 2013 as the coronavirus started to wreak havoc on the country’s economy.

Sales volumes fell by over 50% in some states since the shelter-in-place mandate started, according to HouseCanary.

The conditions the pandemic created could be the driver of e-mortgage adoption that has been long in coming.

Treating COVID-19 forbearances as a natural disaster will likely mean the MIs will not need to hold as much capital.

Wisconsin started out 2020 with an increase in home sales and median prices of houses over the same time in 2019, but the coronavirus pandemic is expected to have a major influence on the market now.

Both the number of sales and median prices grew in Miami-Dade and Broward in March, just as coronavirus began to grip South Florida.

The Federal Housing Finance Agency has promised to take care of advances on principal and interest payments for coronavirus forbearances after four months, but servicers remain concerned about other responsibilities.

Toronto home sales and listings plunged in the first part of April as the COVID-19 pandemic curbed demand in Canada's largest city.

The FHFA will allow Fannie Mae and Freddie Mac, for a limited time, to purchase loans for which the borrower has sought to postpone payments because of the economic effects of the coronavirus.

Mortgage fraud risk plummeted in the first quarter of 2020 amid historically low mortgage rates and a boom of refinances, but the coronavirus could create a new set of risks, according to CoreLogic.

Mortgage applications decreased 0.3% from one week earlier, although purchase activity was higher for the first time in six weeks, according to the Mortgage Bankers Association.

Impac Mortgage temporarily shut lending operations and furloughed 333 workers due to market turmoil tied to the novel coronavirus.

Sales of previously owned homes dropped in March by the most since November 2015, representing weaker demand that likely is going to get much worse in coming months as the pandemic bears down on the economy.

Efforts to calm lenders’ fears about coronavirus-related forbearance may not offset tightening standards, and the FHA is less likely to boost volume than it was during the financial crisis.