The settlement applies to borrowers who were enrolled in interest-only loan modifications by Caliber, as well as customers who are dealing with the economic fallout of COVID-19
Although millennials will likely make up the largest percentage of homebuyers this year, the generation appears to be woefully under-informed about the real estate industry, according to a recent survey by flat-fee brokerage Homie
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
Despite a 0.07 week-over-week increase in forbearance requests, the Mortgage Bankers Association said homeowners' financial situations are turning around
53% of homebuyers say they now plan to buy a home within the next year as a result of factors surrounding the pandemic, according to online lending marketplace LendingTree
Active COVID-19-related forbearance volumes declined by a net 34,000 for the week ending on June 2, the first weekly decrease since the CARES Act went into effect
Roughly one-quarter, or 26.5%, of the 54.7 million mortgaged homes in the U.S. were equity-rich in Q1 2020, according to Attom Data Solutions' Q1 2020 U.S. Home Equity & Underwater Report
Agents are hungry to know what's going to happen to their businesses and the industry as a whole. Leslie Appleton-Young, the vice president of the California Association of Realtors, shares a real-world, data-driven snapshot into today's realities
Opinion
There will certainly be negative impacts on the housing market from COVID-19, but I anticipate that total existing home sales will drop this year by somewhere between 10-15%
According to Down Payment Resource's latest report, millennials and Gen-Zers were on track to hit their homebuying peak before April's record layoffs
Opinion
The 4 major factors are land, labor, material costs and regulatory fees
Chase Home Lending Chief Marketing Officer Amy Bonitatibus said the change would help Chase better focus on 'existing customers'
In addition to allowing lenders to delay appraisals, the temporary rule also allows for desktop appraisals and other forms of assessment flexibility
Opinion
No one can truly answer this question until we know how mortgage lenders and homeowners who have chosen forbearance will fare
The Mortgage Bankers Association said the decrease is due to stricter lending standards and increased likelihood of loan forbearance and defaults