“Applications are staying strong,” said Paul Rozo, CEO of Paramount Residential Mortgage Group, Corona, CA. “Rate-locks have been smoking leading up to the election and post-election as well, which is nice.”
Mike Fratantoni, MBA chief economist, said the job market data continue to indicate that homeowners are experiencing severe hardships due to the pandemic.
FHA Commissioner Dana Wade said this was the first time there have been no material weaknesses or significant deficiencies identified with its financial statements.
The U.S. Department of Agriculture plans to make it mandatory for lenders to use its guaranteed underwriting/loan closing system for all single-family loans.
RSS