Tag Archives: Mike Fratantoni

Purchase mortgage originations to hit a new record in 2021

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The MBA announced Thursday at its Spring Conference and Expo 2021 that purchase originations are on track to grow 16.4 percent to a new record of $1.67 trillion in 2021. Continue reading →

Forbearance rate drops for seventh week in a row

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At 4.5 percent, the mortgage forbearance rate is 18 times higher than before the pandemic, but much improved from a high of 8.55 percent in June. Continue reading →

Share of homeowners who can’t pay their mortgage hits new low

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The share of mortgages in forbearance dropped below 5% in March for the first time since the beginning of the pandemic, as homeowners resuming their payments continued to outnumber new requests for relief for the fourth week in a row. Continue reading →

Share of mortgages in forbearance drop 3 points at end of February

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The overall decline of mortgage loans in forbearance was led by Ginnie Mae loans, which dropped by 7 basis points from the previous week to 7.28 percent of loans in forbearance. Continue reading →

Could coronavirus mortgage payment relief spell trouble for the industry?

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A provision of the CARES Act allows for mortgage payment relief to help struggling families, but it could have an unintended negative effect on the real estate industry. Continue reading →

New home sales fall to 2-year low

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New residential home sales dropped 8.9 percent in October, falling to a new two-year low, according to a new residential sales report released Wednesday. Continue reading →