Archives For: Industry Updates
FHFA Announces Changes to Low Income Refi Programs and Appraisal Requirements
Both Fannie Mae and Freddie Mac (the GSEs) will be expanding their low-income refinance programs to include those making at or below 100 percent of an area’s median income (AMI).
19 Oct 2021
New Intercontinental Exchange Inc. Indices Track Daily Mortgage Rates
Capitalizing on its growing capabilities in mortgage tech, the company behind the New York Stock Exchange is making it easier to track daily fluctuations in mortgage rates.
19 Oct 2021
MBA Launches Member Action Pledge to Promote Minority Homeownership, Affordable Rental Housing, DEI
Kristy Fercho, MBA Chairman, and Executive Vice President and Head of Home Lending at Wells Fargo, today announced the Home for All Pledge, a Mortgage Bankers Association member company action pledge to promote minority homeownership; affordable rental housing; and company diversity, equity, and inclusion.
18 Oct 2021
MBA Survey: “Share of Mortgage Loans in Forbearance Decreases to 2.28%”
The Mortgage Bankers Association’s (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 34 basis points from 2.62% of servicers’ portfolio volume in the prior week to 2.28% as of October 10, 2021.
18 Oct 2021
FHFA Announces Two Measures Advancing Housing Sustainability and Affordability
The Federal Housing Finance Agency (FHFA) today announced two measures to sustainably advance the affordability of homeownership for mortgage borrowers across the nation, especially those in underserved communities
18 Oct 2021
Ginnie Mae Issued Record MBS Volume in FY2021
The Government National Mortgage Association (Ginnie Mae) issued a record $939 billion in mortgage-backed securities (MBS) during fiscal year 2021, the association said today.
14 Oct 2021
Mortgage Rates Jump to Highest Level Since April – and Inflation Concerns Could Push Them Higher
Mortgage rates rose back above the 3% mark, hitting the highest level since April, over the past week.
14 Oct 2021
Weekly Initial Unemployment Claims Decrease to 293,000
In the week ending October 9, the advance figure for seasonally adjusted initial claims was 293,000, a decrease of 36,000 from the previous week’s revised level. This is the lowest level for initial claims since March 14, 2020 when it was 256,000.
14 Oct 2021
UWM Completes Test of Cryptocurrency Mortgage Payments
United Wholesale Mortgage evaluated and accepted the first-ever cryptocurrency mortgage payment in September and an additional five payments in October from borrowers.
14 Oct 2021
This is the Most At-Risk Housing Market in America
Based on an index of three measures (foreclosure rates, share of underwater mortgages and affordability) at the county level, 24/7 Wall St. identified the most at-risk housing markets.
14 Oct 2021