Quick news from the world of mortgage lending.
Existing-home sales rebounded at a record pace in June, following three consecutive months of sales declines, the National Association of Realtors® reported. Total existing-home sales—completed transactions that include single-family homes, townhomes, condos, and co-ops—increased 20.7% from May...
For the first time in five months, the national delinquency rate improved, falling to 7.6% in June as the number of past-due mortgages fell by 98,000, according to Black Knight. This comes after the delinquency rose from 3.2% in January to 7.8% in May…
Ginnie Mae has announced that they will start accepting e-notes for securitization… The Mortgage Bankers Association’s (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 7 basis points from 7.74% of servicers’ portfolio volume in the prior week to 7.67% as of July 26, 2020. According to MBA’s estimate, 3.8 million homeowners are in forbearance plans.