Mortgage giants should continue to operate as separate companies and be regulated like utilities with a cap on excessive fees and prohibitions on backing risky loans, industry group maintains
Blend posted a $9.4M loss in the first quarter as the slow pace of home sales pulled revenue from its mortgage software suite down 22% from Q4. Its consumer banking suite brought in $9.6M
Shares in the cloud banking solutions developer are down 14% after it says that mortgage tech business acquired for nearly $1B has been a drag on growth but is expected to pick up
Lenders lost $2,812 per loan as business dropped off faster than they could trim expenses and production costs hit a record-high $12,450 per loan, Mortgage Bankers Association survey finds
The overall decline of mortgage loans in forbearance was led by Ginnie Mae loans, which dropped by 7 basis points from the previous week to 7.28% of loans in forbearance
The number of mortgage loans in forbearance stayed constant from the previous week, according to the Mortgage Bankers Association
Mortgages in forbearance decreased from 6.93% of servicers' portfolio volume to 6.87% during the week ending Sept. 20, according to the Mortgage Bankers Association
As Congress continues to be at a standstill in passing a second stimulus bill to support Americans who have become unemployed as a result of the pandemic, it's likely forbearance rates could increase in upcoming weeks
After 10 consecutive weeks of mortgage loans in forbearance showing declines, the total number of loans in forbearance appears to have flattened out at 7.2%
This week marks the eighth week in a row in which total loans in forbearance have declined. Currently, there are about 3.7 million homeowners enrolled in forbearance plans
The total share of loans in forbearance dropped to 7.67% of servicers' portfolio volume, according to data released Monday by the Mortgage Bankers Association
The number of mortgage loans in forbearance declined by 6 basis points, from 7.80% the previous week to 7.74%, marking the sixth consecutive week loans in forbearance dropped
The total number of mortgages in forbearance declined for the fourth consecutive week, from 8.39% of servicers' portfolio volume to 8.18% during the week ending July 5, 2020
During the week ending June 28, the total number of mortgage loans in forbearance dropped to 8.39 percent of servicers' portfolio volume from 8.47% the week prior
During the week ending on June 14, mortgage loans in forbearance decreased to 8.48%, down from 8.55% the previous week, according to the MBA