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 decline in loan application activity may be a result of rising coronavirus cases in many states, as well as the delay of a new government-issued stimulus package
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
The total number of mortgage loans in forbearance increased from 7.54% of servicers' portfolio volume. Ginnie Mae held the largest share of loans in forbearance
The average contract interest rate for 30-year, fixed-rate mortgages dropped to 3.45%, its lowest level since the Mortgage Bankers Association began its weekly survey
Residential refinance mortgages more than doubled in Q4 2019, bringing them to their highest point in nearly 7 years, according to new data from Attom Data Solutions
MPRs, or minimum property requirements, are what VA loan appraisers look for to ensure a home meets the muster
Opinion
Educating sellers on the appraisal process helps manage expectations. It gives them a realistic understanding, and it will enable them to navigate the process successfully
The FHA's new "floor" will be $314,827 for single-family homes in most of the nation's 3,000-plus counties
Rising mortgage rates have caused refinance loan originations to drop to its lowest point since Q2 2014
Increase your business by educating your buyers on the benefits
What happened when a listing (a condo that the seller originally purchased with a VA loan) went under contract
Tips and tricks from one broker who's made a business helping relocating enlisted members
Homebuyers have more options than they realize
