The pace of borrowers seeking delayed mortgage payments is slowing, according to data released Monday by the Mortgage Bankers Association. The number of loans in forbearance increased 10 basis points for the week ending May 24, to 8.46% of outstanding home…
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Applications for mortgages to purchase homes gained for the fifth consecutive week while refinancings dropped, the Mortgage Bankers Association said in a Wednesday report. iFinance Mortgage Inc is helping borrowers get pre-approved everyday! Contact us today! Read the full HW…
Even as other parts of the economy tank, lenders will originate $1.5 trillion in refis in 2020, a 51% jump from 2019, according to the forecast. That would be the highest level since 2003 when $2.5 trillion of mortgages were…
The impact of the coronavirus on the U.S. economy has created the worst waterfall and parabolic economic charts of our lifetime. June’s existing home sales report will give us a clue. Read the full HW article here.
CEO Mat Ishbia unveils “Conquest” program for new UWM customers. United Wholesale Mortgage announced Tuesday that it is rolling out a new loan program that offers borrowers an interest rate as low as 2.5% for both purchase mortgages and refinances. UWM is…
In today’s Daily Download episode, HW+ Managing Editor Brena Nath discusses the housing industry’s role in reviving the U.S. economy. Please enjoy this brief audio episode here.
Handful of companies are lending outside of the Qualified Mortgage box. As a handful of states begin to ease their stay-at-home orders and allow their economies to slowly open back up, there also seems to be a slight thawing in…
After a full month of repercussions, the housing market and job market have faced due to the pandemic, 80.2% of apartment households still managed to make a full or partial rent payment by May 6, according to The National Multifamily…
Many renters are holding off on moving through the pandemic. During the height of the pandemic in April, apartment retention in the U.S. hit a record high, as renters were unwilling or unable to relocate, according to RealPage. n terms…
