by Brit Owen | Aug 26, 2021 | Industry News, Latest News, National, News, Premium Content |
According to the latest reports, between April and June, the U.S. gross domestic product (GDP) grew at an annualized and seasonally adjusted rate of 6.6%—a slightly faster pace than expected. Last month, GDP growth came in at 6.5%, a seemingly dismal picture compared...
by Brit Owen | Aug 24, 2021 | Industry News, Latest News, National, News |
The total number of loans now in forbearance decreased by 1 basis point to 3.25% as of Aug. 15, 2021, according to the Mortgage Bankers Association’s (MBA) latest Forbearance and Call Volume Survey. MBA estimates there are currently 1.6 million homeowners in...
by Brit Owen | Aug 20, 2021 | Industry News, Latest News, National, News |
Recent surges in rent prices have made it appear as though the pandemic never happened, according to recent market reports from Zillow®. The rebounding rental market was red-hot in July, as rent prices surged beyond levels they would’ve been based on...
by Brit Owen | Aug 17, 2021 | Industry News, Latest News, Lead Story, National, News |
Mortgage forbearances decreased by 14 basis points from 3.40% of servicers’ portfolio volume in the prior week to 3.26% as of Aug. 8, 2021, according to the Mortgage Bankers Association’s (MBA) latest Forbearance and Call Volume Survey. That leaves an...
by Brit Owen | Aug 11, 2021 | Industry News, Latest News, National, News |
The Consumer Financial Protection Bureau (CFPB) published a report detailing 16 large mortgage servicers’ COVID-19 pandemic response, including call handling and loan delinquency rates. The CFPB is monitoring key data metrics, including: – Call...