Housing Wire

SEPTEMBER 8, 2020

trillion in home loans between April and June, marking the biggest quarter in at least two decades, according to mortgage data firm Black Knight. And while the purchase market was down 8% largely due to coronavirus-related reasons, rate locks suggest that pent-up demand could lead to record activity in the third quarter.

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Housing Wire

NOVEMBER 15, 2022

Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) noted in a briefing on Tuesday that it managed to record another banner year for the Mutual Mortgage Insurance (MMI) Fund. We are not announcing a mortgage insurance premium change today,” Gordon said. Favorable factors, diminished concerns.

FHA loan 403

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Housing Wire

SEPTEMBER 23, 2020

OK, but then the current economic climate adds levels of complexity, with loan modifications, forbearances and confusion about compliance. The 2020 Coronavirus Aid, Relief, and Economic Security (CARES) Act introduced new loan forbearance requirements, with some guidelines issued subsequently by various agencies.

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Keeping Current Matters

MAY 12, 2021

Over the past year, the pandemic made it challenging for some homeowners to make their mortgage payments. Thankfully, the government initiated a forbearance program to provide much-needed support. Unless they’re extended once again, some of these plans and the corresponding mortgage payment deferral options will expire soon.

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Housing Wire

JUNE 21, 2023

Credit risk management continues to be a priority at the GSEs, particularly due to the impacts of the COVID-19 coronavirus pandemic that is partially mitigated by borrowers’ exits from forbearance programs, the report explained.

Banks 353

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Housing Wire

DECEMBER 17, 2020

The coronavirus is raging. Since the coronavirus began spreading, home has been the first line of defense. Stimulus checks allowed families that had suddenly lost their jobs to make their rent or mortgage payments. million homeowners had to seek mortgage forbearance between March and October. David Scott, D-Ga.

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Housing Wire

AUGUST 13, 2020

Since the onset of the coronavirus that has plagued this nation we have watched policy makers and their varied responses at both the state and federal level. Director Calabria has one goal and that is to fully privatize the mortgage market and leave the GSEs as nothing more than a counter-cyclical last choice for the housing market.

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Housing Wire

MARCH 2, 2022

The serious delinquency rate in the Federal Housing Administration loan portfolio is now far less than its pandemic peak, and the Department of Housing and Urban Development said sustained improvement will factor in to whether it adjusts mortgage insurance premiums. So far, it has not signaled plans to do so. In March 2021, HUD Sec.

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Housing Wire

DECEMBER 14, 2020

BC Era: Before Coronavirus. The forbearance plans might not have been given so willingly early on. The government assistance with disaster relief payments and enhanced unemployment payments were part of a solid fight against this deflationary crisis, and I believe the forbearance plans will continue in 2021. Demographics.

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Keeping Current Matters

OCTOBER 22, 2020

Some are concerned that homeowners who entered a mortgage forbearance plan might face foreclosure once their plan ends. However, when you analyze the data on those in forbearance , it’s clear the actual level of risk is quite low. Won’t that drive prices down? Bottom Line. Instead, prices appreciated substantially.

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Housing Wire

JANUARY 31, 2021

For one, the mortgage industry is experiencing historically low interest rates, which have set in motion a refinancing boom that has dramatically increased lien release volume processing. The post First American Mortgage Solutions’ loan modification process addresses workflow volume spike appeared first on HousingWire.

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Realtor.com

FEBRUARY 11, 2021

Getty Images Amid the economic turmoil caused by the coronavirus pandemic, millions of Americans opted to pause their monthly mortgage payments. In June, the number of borrowers in forbearance reached its peak , at more than 4 million. How forbearance affects your ability to deduct interest. Nowadays, 2.7

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Realtor.com

SEPTEMBER 21, 2020

Spiderplay/Getty Images WASHINGTON—About one million homeowners have fallen through the safety net Congress set up early in the coronavirus pandemic to protect borrowers from losing their homes, according to industry data, potentially leaving them vulnerable to foreclosure and eviction. because he feared contracting the new coronavirus.

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Housing Wire

AUGUST 18, 2020

Credit availability is affected by the business cycle, which in turn is influenced by a host of factors such as the demand and supply for credit and external drivers including macroeconomic shocks or external events such as the coronavirus pandemic.

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Realty Biz

SEPTEMBER 3, 2020

Wells Fargo is being sued in a class-action lawsuit that accuses the bank of putting some of its borrowers’ mortgages into forbearance without their consent. NBC News said that borrowers in Chapter 13 bankruptcy also claimed that their loans were placed in forbearance without giving consent.

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Housing Wire

JANUARY 31, 2021

Mortgage servicers are staying busy. Whether they’re working with borrowers on forbearance plans or helping them refinance their homes, servicers are handling incredibly high call volumes. lenders and nearly every mortgage investor, including the GSEs. Kenon Chen, Executive Vice President, Corporate Strategy.

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Realtor.com

AUGUST 26, 2020

Andrei Stanescu / iStock Some mortgage lenders are asking customers taking out a mortgage to confirm they don’t intend to seek forbearance, a move meant to keep losses low during a pandemic that has put millions of Americans on shaky financial footing. Lenders can still unload loans that are already in forbearance.

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Realtor.com

AUGUST 6, 2020

For nearly two months now, the share of mortgage borrowers who have received approval to skip their monthly loan payments has fallen precipitously. But a new trend has begun to develop, which indicates that some homeowners are facing more financial pressure as the coronavirus pandemic continues. That included Ginnie Mae loans.

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RIS Media

DECEMBER 28, 2020

The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac will continue to offer COVID-19 forbearance to qualifying multifamily property owners through March 31, 2021. – Agree not to evict tenants solely for the nonpayment of rent while the property is in forbearance. The programs were set to expire Dec.

Finance 97

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Housing Wire

DECEMBER 30, 2020

While the United States may not have been prepared to combat a deadly virus, a quick and robust response from the Federal Reserve , along with changing consumer preferences, created a perfect storm that resulted in a record year for the housing and mortgage industries. Quite the opposite. Sales of new homes spiked 18.6% bond market.

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RIS Media

MARCH 15, 2021

The Federal Housing Finance Agency (FHFA) recently announced that Fannie Mae and Freddie Mac will continue to offer COVID-19 forbearance to qualifying multifamily property owners through June 30, 2021, subject to the continued tenant protections FHFA has imposed during the pandemic. The programs were set to expire March 31, 2021.

Finance 64

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First Team Real Estate

JANUARY 29, 2021

Many people are wondering if 2021 will bring a wave of foreclosures in Southern California after the economic downturn caused by the Coronavirus. Currently, under the CARES (Coronavirus Relief and Economic Security) Act, homeowners have been provided foreclosure and eviction protections in 2020, which was extended through March 31st, 2021.

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RIS Media

SEPTEMBER 10, 2020

Freddie Mac recently released the results of its Primary Mortgage Market Survey ®, which showed that the 30-year fixed rate mortgage is averaging 2.86 Here’s the breakdown: 30-Year Fixed-Rate Mortgage. 15-Year Fixed-Rate Mortgage. 5-Year Treasury-Indexed Hybrid Adjustable-Rate Mortgage. Averaged 2.86

Mortgages 129

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Realty Biz

OCTOBER 31, 2021

However, experts say that with coronavirus pandemic-related foreclosure moratoriums now at an end, we could soon see a backlog of foreclosures resulting in a new wave of zombie properties emerging in American neighborhoods. housing market boom continues marching ahead despite the ongoing economic threat of the coronavirus pandemic.”.

Staging 119

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Realtor.com

SEPTEMBER 25, 2020

fstop123/Getty Images With no end in sight to the coronavirus pandemic and the job losses and financial pain the crisis has wrought, millions of U.S. homeowners are behind on their mortgage payments and struggling to hang on to their abodes. in many instances, made up about 15% of all mortgages in 2019. About 17.4% About 17.4%

FHA loan 128

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Realtor.com

AUGUST 13, 2020

That’s especially true in the mortgage industry, where interest rates and the overall home loan landscape are shifting with such head-spinning speed, it’s easy for outdated information to circulate, leading home buyers and homeowners astray. There’s a lot of buzz about record-low mortgage interest rates lately.

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Point2Homes

NOVEMBER 25, 2020

The penalty-free forbearance periods offered by U.S. million American homeowners who have stopped paying their mortgages? This means that homeowners who can’t pay their mortgages when their forbearance periods end could sell and make a profit rather than have to foreclose. Image: Grand Warszawski / Shutterstock.com.

Mortgages 103

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RIS Media

MARCH 8, 2021

The Federal Housing Finance Agency (FHFA) recently announced that Fannie Mae and Freddie Mac will continue to offer COVID-19 forbearance to qualifying multifamily property owners through June 30, 2021, subject to the continued tenant protections FHFA has imposed during the pandemic. The programs were set to expire March 31, 2021.

Finance 75

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Realty Biz

OCTOBER 15, 2020

Around 400,000 homeowners who’re struggling to pay their mortgages due to the COVID-19 pandemic have failed to take advantage of forbearance programs that could help them, despite being eligible, a report from the Urban Institute has found.

Mortgages 64

Mortgages As-is 64

RIS Media

SEPTEMBER 16, 2020

It’s been a bit of an up-and-down scenario in the mortgage space since the coronavirus hit. While in general mortgage applications are down, according to the Mortgage Bankers Association (MBA), applications for new homes have increased YoY. 11, mortgage applications are down 2.5 ” Forbearance.

Industrial 63

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Realtor.com

SEPTEMBER 24, 2020

Geber86/Getty Images Fewer Americans are in forbearance on their mortgages now than in any point in the last five months. But that doesn’t mean borrowers — and the mortgage industry — are out of the woods yet. The share of mortgages in forbearance dropped to 6.93% as of Sept.

Mortgages 54

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Windemere Buying

JUNE 10, 2020

Image Source: Shutterstock For some homeowners who have been financially impacted by the COVID-19 pandemic, there is a high level of concern about paying their mortgage. What are my mortgage relief options? You have a right to request a forbearance for up to 180 days if you experience financial hardship due to the COVID-19 pandemic.

Mortgages 52

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Realty Biz

AUGUST 18, 2020

remains low due to the continuation of moratoriums ordered by federal and state governments in the early stages of the coronavirus pandemic, even as mortgage delinquencies rise. Foreclosure activity in the U.S. Economists say if homeowners are able to return to work in that time, the economy won’t need to fear a foreclosure crisis.

Short sale 90

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App Folio

MAY 8, 2020

Since the onset of the COVID-19 pandemic and the subsequent shutdown of the country, homeowners have been struggling to keep up with their mortgage payments. In addition, it’s important for homeowners to first check with their mortgage servicer to determine their eligibility for these programs. . The CARES Act . Fannie Mae.

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First Team Real Estate

DECEMBER 23, 2020

Driven by market conditions of low supply and high buyer demand powered by record-low mortgage rates , home prices have hit all-time highs as motivated house hunters compete for limited inventory. Additionally, mortgaged residential properties with negative equity decreased by 18.3% Slowly) Rising Home Values. year-over-year!

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Easy Agent Pro

AUGUST 4, 2020

Low mortgage rates acted as the bait, but the overwhelming urge of so many Americans to move out of the cities was a big attraction as well. Many of these homeowners are in forbearance, but remember, the federally mandated forbearance was only for those with loans backed by the government. from May and 111.1% over May 2019.

Loans 93

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Realtor.com

APRIL 2, 2021

Ferrara/Newsday RM via Getty Images The mortgage market is humming, but getting approved for a home loan is as difficult as it has been in years. Mortgage credit availability, a measure of lenders’ willingness to issue mortgages, is near its lowest level since 2014, according to the Mortgage Bankers Association, or MBA.

Mortgages 60

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