Data analysts noted that more than 70% of the mortgage forbearances examined are now in an extension due to economic fallout from COVID-19, detailed here. Click through for more of the latest data.
Read More »Housing Outlook Maybe Not as ‘Rosy’ as it Seems
An expert on a webinar panel said analysis of interest rates, forbearance numbers, and stimulus developments can help provide a more realistic understanding of housing developments.
Read More »How Real Estate Professionals’ Lives Are Changing
From how they utilize technology to the psychological effects of limited human interaction, mortgage industry professionals and real estate agents helped researchers understand how a widespread health crisis is influencing the industry.
Read More »Mortgage Contracting Services Announces New Ownership
Lewisville, Texas-based Mortgage Contracting Services (MCS), which provides specialized services to financial institutions, announced Monday that it has completed a recapitalization of the company. The company's representatives say that, under new leadership, it will "recapitalize its balance sheet through substantial ...
Read More »Economic Analysis Points to Recovery
As the economy continues toward recovery, albeit at a slower pace, the housing market will continue to display vibrancy amid an increase in residential construction spending, according to the latest Economic & Housing Weekly Note published by Fannie Mae. “Data ...
Read More »Targeted Training for Brokers Announced
Carrington Mortgage Services (CMS), a large, privately held non-bank lender, recently announced specialized training for brokers, according to a press release first published on businesswire.com. Because today’s lending market is changing at such a rapid pace, CMS reports, it is ...
Read More »Delinquencies Above Pre-Pandemic Levels Predicted Into 2022
Mortgage delinquencies could remain above pre-pandemic levels until 2022, according to a new forecast published in the Black Knight Mortgage Monitor Report. Black Knight is also predicting more than 1 million excess delinquencies could occur in March 2021 when the ...
Read More »Proposed Bill Would Enact Automatic Forbearance, Prohibit Foreclosures
The the U.S. House of Representatives Thursday passed a $2.2 trillion coronavirus relief package. The proposed bill includes a "far stronger action than the White House has taken previously" regarding evictions, added Bloomberg's CityLab. That is, a complete ban on eviction ...
Read More »The Week Ahead: REO Outlook Webinar for Housing Pros
Experts in macro-economics, default servicing, and REO optimization will present a complimentary webinar. Here’s what else is happening in The Week Ahead.
Read More »Number of Active Forbearances Experiences a Spike
According to the daily loan-level data on the Black Knight blog, the numbers of mortgages in active forbearance increased for the first time in six weeks. Those totals increased by 21,000 week-over-week. The spike was abetted mainly by a bounce ...
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