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Though overall forbearance share is down, the number of extensions is rising as coronavirus hardship filings surpass the 90-day mark that delineates the end of traditional forbearance plans.August 7
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Conditions have improved for the first time since November.August 6
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Rising equity levels lifted borrowers across the spectrum in the second quarter, according to Attom Data Solutions.August 6
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Credit card balances declined most sharply as consumers cut back their spending due to the coronavirus pandemic and associated shutdown orders, the New York Fed said Thursday. But delinquencies also fell across all debt categories, thanks to government and lender relief efforts.August 6
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The agency said property owners can enter into new or modified forbearance plans if they have a hardship due to the coronavirus, but the landlords must agree not to kick out renters solely for nonpayment of rent.August 6
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With year-to-date issuance at $51.7 billion, investor demand appears to remain strong despite economic headwinds of the pandemic.August 5
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An industry coalition wants to ensure borrowers who took out certain types of loans to fund their education aren’t locked out of access to historically low mortgage rates.August 5
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Rates are forecasted to remain at the current low levels for the rest of 2020, driving steady refinance volume.August 5
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The mortgage servicing rights package going up for bid adds to signs that the market for large offerings is becoming more active.August 3
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The number of loans going into coronavirus-related forbearance fell for the seventh straight week, but the Mortgage Bankers Association predicts the rate will increase if the number of coronavirus cases continues to rise.August 3
