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Mike Fratantoni on MBA’s 2022 mortgage market forecast

Housing Wire

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. The pandemic, as well as policymakers, continue to have the ability to send shocks through the system.

Mortgages 458
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Servicers prepare to handle forbearance exits

Housing Wire

This article is part of our HousingWire 2022 forecast series. It didn’t take long for mortgage servicers to realize they had a historic challenge on their hands. They have massively reduced the number of forbearances in the 18 months since the CARES Act was passed. That’s the group we’re going to be watching,” said Walsh.

Mortgages 420
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Don’t Believe Everything You Read: The Truth Many Headlines Overlook

Keeping Current Matters

The forbearance program is coming to an end and mortgage rates are beginning to rise. Unfortunately, we’ll continue to see a rash of troublesome headlines over the next few months. That’s because the forbearance program has worked. There are already alarmist headlines starting to appear. That seems rather daunting.

Mortgages 227
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Developing Housing Market Concerns

Realty Biz

Price increases were primarily due to ultra-low mortgage rates, strong buyer demand, and a limited number of houses for sale. Who would have thought that mortgage rates creeping toward 3% would be a bad thing? Early this year the 30-year mortgage bottomed out at 2.65% and is now about 2.81% according to Freddie Mac.

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Should You Wait for Real Estate Prices to Crash Before Buying a Home?

Realty Biz

That’s when the overheated housing market didn’t just slow down but instead went into a tailspin with millions of home prices dropping below the amount of the mortgage. These are known as ‘underwater’ mortgages. We are not going to see a glut of home values fall below the value of the mortgage. Here’s why….

Lending 104
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Another Look at if We are Headed for a Real Estate Bubble

Realty Biz

The two powerful forces driving prices are the nation’s unshakeable faith in homeownership and an unprecedented streak of low-interest rates. With some losses continuing through 2014. Today, there is a severe housing shortage with many want-to-be-buyers but few that can afford a mortgage.

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What’s going on with Multifamily Rents and Occupancies at Class B/C Properties – October 2020

A Student of the Real Estate Game

We typically see retention rates of ~50%, but many of the Atlas properties have had retention rates of 60%+ since the onset of the pandemic. We had such a steep drop off during Q2, but ever since, we have been experiencing a Nike Swoosh-shaped recovery. The recovery is continuing but at a slowing pace. from Q1 to Q2 2020.

Equity 59