Forbearances hold steady as exits slow

The U.S. forbearance rate held relatively steady last week, rising one basis point to 5.38% of servicers’ portfolio volume, according to a survey from the Mortgage Bankers Association released on Monday. The virtually unchanged rate of forbearance volume can be attributed to a stalemate between steady declines in almost every … Continue readingForbearances hold steady as exits slow

Forbearances hold steady as exits slow

The U.S. forbearance rate held relatively steady last week, rising one basis point to 5.38% of servicers’ portfolio volume, according to a survey from the Mortgage Bankers Association released on Monday. The virtually unchanged rate of forbearance volume can be attributed to a stalemate between steady declines in almost every … Continue readingForbearances hold steady as exits slow

Understanding the seasonal patterns of mortgage rates

Much like the changing of the calendar, buying and selling homes follows a seasonality that that those in mortgage and real estate have grown accustomed to. But a recent study from tech startup Haus found that mortgage rates can also be seasonal, and borrowers can … Continue readingUnderstanding the seasonal patterns of mortgage rates

First American exits property and casualty business

“Big Four” title insurer First American Financial Corp. announced Monday that it has reached an agreement to sell its property and casualty subsidiaries. The sales – known as “book transfer agreements” in accounting parlance –  were made with Safeco Insurance, a Liberty Mutual company, and Heritage … Continue readingFirst American exits property and casualty business

First American exits property and casualty business

“Big Four” title insurer First American Financial Corp. announced Monday that it has reached an agreement to sell its property and casualty subsidiaries. The sales – known as “book transfer agreements” in accounting parlance –  were made with Safeco Insurance, a Liberty Mutual company, and Heritage … Continue readingFirst American exits property and casualty business

Zillow: Expect another record year for home sales

Zillow’s 2021 housing forecast echoes the projections of other industry experts of a rapid acceleration of home value appreciation, with numbers anticipated to be even higher than in 2020. According to Zillow’s Home Value Index, the company expects seasonally adjusted home values to increase by … Continue readingZillow: Expect another record year for home sales

Zillow: Expect another record year for home sales

Zillow’s 2021 housing forecast echoes the projections of other industry experts of a rapid acceleration of home value appreciation, with numbers anticipated to be even higher than in 2020. According to Zillow’s Home Value Index, the company expects seasonally adjusted home values to increase by … Continue readingZillow: Expect another record year for home sales

Doug Duncan: Stimulus will create only temporary relief

Fannie Mae is optimistic about economic growth in 2021 as the vaccination agenda promises to put an end to the COVID-19 pandemic. However, Fannie Mae Chief Economist Doug Duncan said that some options being considered, such as stimulus packages with checks for Americans, will create … Continue readingDoug Duncan: Stimulus will create only temporary relief

Doug Duncan: Stimulus will create only temporary relief

Fannie Mae is optimistic about economic growth in 2021 as the vaccination agenda promises to put an end to the COVID-19 pandemic. However, Fannie Mae Chief Economist Doug Duncan said that some options being considered, such as stimulus packages with checks for Americans, will create … Continue readingDoug Duncan: Stimulus will create only temporary relief