Lending

Fannie and Freddie Loans in Forbearance Drop Below 1%

November 2nd, 2021
The total number of loans now in forbearance decreased by 6 basis points to 2.15% of servicers’ portfolio volume as of Oct. 24, 2021. According to the Mortgage Bankers Association’s (MBA) latest Forbearance and Call Volume Survey, 1.1 million homeowners...

Should You Sell Your Home If You Owe More Than It’s Worth?

December 2nd, 2021
While people buy homes with the intent to build equity, life happens and sometimes homeowners end up underwater, upside down or with negative equity. What do these terms mean? The balance owed on the mortgage is more than the house...

Mortgage Rates Inch Up Following Fed Policy Changes

December 17th, 2021
The 30-year fixed-rate mortgage (FRM) averaged 3.12% for the week ending Dec. 16, according to Freddie Mac’s latest Primary Mortgage Market Survey®. Mortgage rate details: The 30-year fixed-rate mortgage averaged 3.12% with an average 0.6 point, up from last week when...

Commercial and Multifamily Lending Set to Hit $1 Trillion This Year

February 15th, 2022
Commercial and multifamily mortgage borrowing and lending is on the precipice of surpassing the $1 trillion mark for the first time in 2022. According to a new forecast released by the Mortgage Bankers Association (MBA), there was a 13% increase...

Year-End Outlook: Climbing Mortgage Rates Strain Buying Power in 2022

November 3rd, 2021
Editor’s Note: RISMedia’s Year-End Outlook series provides an in-depth analysis of the housing market’s leading indicators for economic health, and showcases expert insights on what’s to come in 2022.  Homeowners will likely look at the past year of mortgage rate...

Mortgage Rates Stable Heading Into Continued Pandemic Uncertainty

December 3rd, 2021
The 30-year fixed-rate mortgage (FRM) averaged 3.11% for the week ending Dec. 2, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS). Mortgage details: The 30-year fixed-rate mortgage averaged 3.11% with an average 0.6 point for the week ending Dec. 2, 2021, up...

New-Home Mortgage Applications Down 2.2% in November

December 20th, 2021
Mortgage applications for new-home purchases decreased 2.2% YoY, according to the Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for November 2021. On a monthly basis, applications decreased by 3%. MBA estimates new single-family home sales were running at...

Credit Report Disputes More Common in Majority Black and Hispanic Neighborhoods

November 4th, 2021
The Consumer Financial Protection Bureau (CFPB) recently released research finding that consumers in majority Black and Hispanic neighborhoods, as well as younger consumers and those with low credit scores, are far more likely to have disputes appear on their credit...

New Mortgages Fall, Sparking Fears of Market Slowdown

December 3rd, 2021
A significant drop in mortgage originations for the second consecutive quarter has industry insiders worried, as borrowers appear to be shying away from both refinance and new purchase lending in what is traditionally a peak season, according to a new...

Inflation Is Back in a Big Way: What That Means for Borrowers and Mortgages

December 20th, 2021
(TNS)—Inflation hit 6.8% in November, its loftiest level since the long-ago era of Reaganomics and America’s war on inflation. If prices continue to soar, mortgage rates will head higher, too. But there’s a silver lining to this cloud for borrowers...
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