6 things homeowners need to know about mortgage forbearance plans

The Mortgage Banker Association’s Sara Singhas explained how mortgage forbearance and repayment works and what homeowners should do if they need more time. Continue reading

Mortgage credit availability decreased 16.1% in March

The Mortgage Bankers Association said the decrease is due to stricter lending standards and increased likelihood of loan forbearance and defaults. Continue reading

Mortgage applications surge along with refis

Mortgage applications activity increased by 15.3 percent and the refinance index increased 26 percent during the week ending March 27. Continue reading

Trump may allow homeowners to delay mortgage payments

The administration did not make clear how borrowers might catch up on payments in the future, however. Continue reading

Michael Bloomberg pitches plan to combine Freddie Mac, Fannie Mae

The presidential hopeful wants to make Freddie Mac and Fannie Mae a “single, fully government-owned mortgage guarantor” that benefits taxpayers, community banks. Continue reading

Mortgage applications reach highest volume since 2013

The Mortgage Bankers Association announced Wednesday that the Market Composite Index reached its highest level last week since May 2013. Continue reading

Outlook for US mortgage rates remains stable, housing crunch continues

Mortgage rates will remain stable for the next two and a half years, predicts an economist from the Mortgage Bankers Association. But the national housing shortfall continues to be a problem primarily because of the lack of building sites, according to… Continue reading