Wednesday, July 1, 2020
Home Industry Insight

Industry Insight

Share of Mortgages in COVID-19 Forbearance Plans Continues to Grow

The share of mortgages in COVID-19 related forbearance plans increased to 8.36% during the week ended May 17, according to the Mortgage...

Housing Starts Fell 30% in April But Are Expected to Rebound

Due to the coronavirus pandemic and subsequent social distancing constraints, housing starts tumbled in April, falling 30.2% compared with March, according to...

Share of Mortgages in Forbearance Reaches Nearly 8 Percent

The share of mortgages in forbearance plans as of May 3 had grown to 7.91% - or nearly 4 million loans -...

Rate of Requests For Mortgage Forbearance Plans Has Slowed in Recent Weeks

As of April 30, more than 3.8 million U.S. homeowners were in COVID-19-related forbearance plans, representing 7.3% of all mortgages - however,...

Third-Party Data Now Critical For Mortgage Lenders’ Technology Initiatives

Today’s borrower is more knowledgeable about the mortgage process than previous generations. Instant access to residential property information, including tax data, historical...

A Connected Funnel: Uniting Sales and Marketing

Of all the potential hurdles and challenges in mortgage lending, time and expertise around lead engagement are the biggest constraints for loan...

For Mortgage Lenders, Technology is the Path to Survival

Companies like Amazon and Uber are dictating the new normal for consumers: Given the amount of time it takes for these companies...

Mortgage Lenders Are Now in the Experience Business

It’s no secret that the last decade has seen drastic changes in customer expectations that are changing the way companies do business....

Mortgage Servicer Retention Rates Fell in Q3 Despite Robust Refinance Volume

After reporting in September that mortgage servicer retention rates increased in the second quarter as a result of increased refinance volume, the...

Federal Financial Regulators Cautiously Support Use of Alternative Credit Data

Five federal agencies including the Federal Reserve, Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of...

Case-Shiller: Home Price Deceleration May Have Ended in September

U.S. home prices increased yet again in September - but the overall rate of appreciation continued to slow.Home...

FHFA to Re-Propose Capital Rule for Fannie Mae and Freddie Mac

The Federal Housing Finance Agency (FHFA) says it plans to re-propose the entire regulation on capital requirements for government-sponsored enterprises (GSEs) Fannie...

Fitch: E-Mortgage Adoption Slowed by Several Obstacles

Mortgage lenders have not made as much progress in adopting digital mortgage solutions as one might think, a recent report from Fitch...

Black Knight: Early Stage Mortgage Delinquencies on the Rise

Although the overall mortgage delinquency rate continues to improve, the rate of improvement has slowed, data from Black Knight shows.

MBA: Mortgage Origination Volume in 2019 ‘Best Since 2007’

Due to low mortgage rates and a subsequent surge in refinances, mortgage origination volume is expected to reach $2.06 trillion this year,...

Existing-Home Sales Retreated in September Following Two Months of Gains

After two months of increases, existing-home sales fell 2.2% in September compared with August to a seasonally adjusted annual rate of 5.38...

Rising Home Prices Have Significantly Impacted Affordability For African Americans

Fewer than one in 10 homes for sale last year were affordable to African American households in San Francisco, Los Angeles, Seattle,...

Mortgage Delinquency Rate For July Hit Lowest Level in 20 Years

Just when you think mortgage performance can’t get any better, it improves yet again.According to CoreLogic, just 3.8%...

How Mortgage Servicers Can Prepare For the Next Downturn

When mortgage rates fell during the first half of 2019, it surprised housing industry watchers, many of whom had been predicting that...

Rising Family Income Helped Keep Mortgage Delinquency Rate Low in May

The U.S. mortgage delinquency rate in May continued to hover at the lowest level in more than 20 years.

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