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The Top Pandemic-Related Challenges for Lenders and Servicers

07.01.2020

As the COVID-19 pandemic sent waves across the nation, lenders and servicers have worked to adapt quickly to market changes, new mandates, and policy updates.

Home Prices Resilient Amid Pandemic

06.24.2020

Despite sending unemployment skyrocketing, the COVID-19 pandemic is likely to have little impact on home prices this year, according to a Reuters poll conducted in June. Home prices are expected to outperform consumer prices with a 3.0% increase this year, according to the poll.  

Policy Implications of Mortgage Credit Tightening

06.17.2020

As the economic impact of the pandemic continues, one of the biggest issues to emerge in housing finance is the availability of mortgages. In a new paper by former Freddie Mac CEO Don Layton, he discusses the implication that somehow much or even all of the tightening is illegitimate, a failure of government policy; that it should be largely if not completely avoidable with the right government actions; and that those actions should not require the kind of subsidies we are seeing for small business or specific industries, like the airlines.

Purchase Applications Rise for Eighth Straight Week

06.11.2020

The Mortgage Bankers Association (MBA) revealed mortgage applications rose 9.3% weekly for the week ending June 5. 

Purchase applications continued its run of success, rising week-over-week by 15% and annually by 13%. 

Mortgage Rates Expected to Remain Low

06.03.2020

With mortgage rates nearing record lows, NerdWallet’s Mortgage Interest Rate Forecast concluded June is a good time to refinance, as rates are expected to remain low for months. 

Are Homebuyers Stepping Back Into the Market?

05.27.2020

According to the latest weekly survey conducting by Mortgage Bankers Association (MBA) for the week ending on May 22, spring has brought a surge in mortgage applications to the housing industry. 

GSE’s ‘At the Heart’ of Assisting Homeowners, Lenders, Servicers

05.22.2020

A report by Bloomberg said while the government took control of Fannie Mae and Freddie Mac during the last downturn, the GSEs are “now at the heart” of the government’s effort to assist homeowners, lenders, and servicers during COVID-19. 

Borrowers With Low-Credit Most Negatively Impacted by COVID-19

05.14.2020

AEI latest housing indicators show the market may be stabilizing but at a lower level. 

Northeast Hit By Declining Housing Inventory

05.06.2020

Six of the 10 metros that experienced the largest drops in new-home listings were located in the northeast, according to a new report by realtor.com

Mortgage Applications Drop Slightly

04.23.2020

Mortgage applications fell slightly by 0.3% from the prior week for the week ending on April 17, according to the Mortgage Bankers Association (MBA).  

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