Tag Archives: mortgage bankers association

With protections lifting, improvement in forbearance numbers slows

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The numbers are headed in the wrong direction for loans that are backed by private lenders rather than the government, according to new survey by the Mortgage Bankers Association. Continue reading →

Buyer demand for mortgages jumps for first time in almost a month

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With low for-sale inventory keeping home price appreciation in many markets at record highs, the jump in FHA purchase applications is potentially a sign that more first-time buyers are finding purchase options despite the high prices. Continue reading →

1.7M homeowners still in forbearance as protections expire

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Before initiating foreclosures against borrowers who are 120 days behind on their payments, the Consumer Financial Protection Bureau expects loan servicers to reach out to borrowers and give them a chance to apply for assistance, such as a loan modific… Continue reading →

Drop in mortgage rates not enough to spur homebuyers

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Although rates eased for the most popular type of mortgage among homebuyers — the 30-year fixed-rate conforming loan — rates for jumbo mortgages, FHA loans and adjustable-rate mortgages were up slightly. Continue reading →

New restrictions on Fannie, Freddie refis blamed for tighter mortgage credit

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Mortgage lenders tightened underwriting standards in June, undoing much of the easing seen over the last six months as initial fears about the long-term impacts of the pandemic began to wane. Continue reading →

Agent commissions expected to soar to record high in 2021

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Total commission revenue in 2021 could ultimately top $100 billion for the first time ever, according to a new report from Knock. Continue reading →

Rising home prices may be crimping demand for purchase mortgages

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Demand for purchase mortgages fell last week to the lowest level since May 2020, which could be a sign first-time homebuyers are getting squeezed out of the market. Continue reading →