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U.S. household debt hit yet another record in 1Q, despite pandemic

National Mortgage
Mortgage Finance
6 years ago

Americans increased their borrowing for the 23rd straight quarter to a total of $14.3 trillion, according to the Federal Reserve,.. Read More;

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Coronavirus takes bite out of New Residential's first-quarter results

National Mortgage
Mortgage Finance
6 years ago

The spread of coronavirus had varying impacts on the first-quarter results of three companies representing different segments of the mortgage,.. Read More;

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Ed McMahon's former Beverly Hills haunt aims for $6.795 million

National Mortgage
Mortgage Finance
6 years ago

This stylish home in the Beverly Hills Post Office area was much more famous in the late 2000s, when comedian,.. Read More;

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How Guild Mortgage enabled digital closings amid coronavirus

National Mortgage
Mortgage Finance
6 years ago

Guild Mortgage's presence in Washington state, the epicenter of the first U.S. coronavirus outbreak, gave the company an early glimpse,.. Read More;

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Houston Realtor hosts open house: 'It was nuts'

National Mortgage
Mortgage Finance
6 years ago

Real estate agent Tim Surratt decided late last week to hold his first open house since the coronavirus pandemic broke,.. Read More;

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Will coronavirus hit Southern California home prices?

National Mortgage
Mortgage Finance
6 years ago

Will Southern California home values survive the novel coronavirus?We've seen this scenario before. A sudden shock to the economy. Jobs,.. Read More;

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Wells Fargo's CRA rating improves to 'outstanding'

National Mortgage
Mortgage Finance
6 years ago

Three years after slashing Wells Fargo’s score on the Community Reinvestment Act, regulators awarded the highest possible rating to the,.. Read More;

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Banks tighten lending standards as coronavirus crimps demand: Survey

National Mortgage
Mortgage Finance
6 years ago

WASHINGTON — Banks tightened lending standards across all loan types in the first quarter as the coronavirus pandemic upended the,.. Read More;

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Cash-out refis dry up as price hikes prove too costly

National Mortgage
Mortgage Finance
6 years ago

Cash-out refinancing is drying up as banks and mortgage lenders tighten underwriting standards to cover the risk of millions of,.. Read More;

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Coronavirus forbearances spiked in early April, and might again in May

National Mortgage
Mortgage Finance
6 years ago

After a deluge at the start of the month, the amount of new mortgage forbearance requests logged in April leveled,.. Read More;

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Distressed job market pushes mortgage forbearance requests higher

National Mortgage
Mortgage Finance
6 years ago

The total coronavirus-related mortgages in forbearance grew by 55 basis points between April 20 and 26, in lockstep with rising,.. Read More;

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Dirt-cheap U.S. mortgages thwarted by $5B in margin calls

National Mortgage
Mortgage Finance
6 years ago

The Federal Reserve's emergency rescue of the U.S. mortgage market should have set off celebration among lenders trying to keep,.. Read More;

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