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Mortgage News Daily Tue, 31 Mar 2020 01:16:15 GMT  

What's Being Done to Prevent Forbearance From Crushing The Mortgage Industry?

Posted To: MND NewsWire

Among responses to the job losses and reduced income already emerging from the COVID-19 pandemic has been a moratorium on foreclosures and a requirement, coming from many quarters, that servicers offer mortgage borrowers an extended period of forbearance from their mortgage payments. This has raised an issue regarding the liquidity of those servicers. Late last week Treasury Secretary Steven T. Mnuchin announced formation of a task force to focus on mortgage liquidity problems and has given them until March 30 to present their recommendation. The Mortgage Bankers Association (MBA) outlined the servicers' potential forbearance problem in a March 20 letter to Mnuchin and Federal Reserve Chairman Jerome H. Powell. Under contracts with investors who purchase mortgage-backed securities (MBS), servicers...(read more)

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Pending Home Sales Are Robust Prior to Shutdown

Posted To: MND NewsWire

Pending home sales, which jumped 5.2 percent in January, did not retrench as expected last month. The National Association of Realtors® (NAR) said its Pending Home Sales Index (PHSI) grew 2.4 percent to a reading of 111.5 in February. The PHSI is a forward-looking indicator based on signed contracts for purchase of existing single-family homes, townhomes, condos, and cooperative apartments. The February index level is 9.4 percent higher than a year earlier. After its unusually large gain in January, the index was expected to move lower. Analysts polled by Econoday had a very wide range of forecasts, from -2.5 percent to 5.0 percent with a consensus for a 1.6 percent decline. "February's pending sales figures show the housing market had been very healthy prior to the coronavirus-induced...(read more)

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LO Jobs; Broker Products; California MBA Weighs In; Deep Capital Markets Dive

Posted To: Pipeline Press

After a long time in captivity with the same people, one may become, uh, less than enamored with their pals. “12 th day of self-isolation and it’s like Vegas in my house. We’re losing money by the minute, cocktails are acceptable at any hour, and nobody knows that time it is.” How’d you like to have a huge investment in WeWork? Word has gone out to dedicate your computer’s unused computing capacity to discovering more about the virus . There are still shortages, perceived or real, and I received this note from Rich B. in Salt Lake City: “Our neighbor’s tract home got TP’ed last night and now it’s listed on Zillow for $12.1 million.” One wonders if the U.S. Government, and its related entities, will ever have a shortage of money...(read more)

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mortgage, refinance mortgage, home mortgage, mortgage calculator
Mon, 18 Dec 2017 12:24:31 GMT  


http://news.search.yahoo.com/news/rss?p=mortgage&ei=UTF-8&fl=0&x=wrt Tue, 31 Mar 2020 01:16:15 GMT  


This is Money | Mortgages & homes Thu, 23 Jun 2011 23:22:24 GMT  

Fixed rate mortgage cuts tempt borrowers
Homeowners have more cheap mortgages to choose from as two-year fixes fall back to below 3% and the best five-year fixes sneak under 4% monopoly houses and a key
Estate agents sell just one home a week
Estate agents are selling an average of one property a week as the housing slump worsens, the Royal Institution of Chartered Surveyors said today A woman looking at an estate agent's window
House prices: What next?
We analyse house price news and predictions and investigate what is next for the UK property market House and money

Sat, 21 Jul 2018 11:40:39 GMT  


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