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Inside Mortgage Trends
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Forbearance Related to the Pandemic Continues to Fall

July 2, 2020
Maria Volkova
MBA data show relief numbers falling by 1 basis point to 8.47%.
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HECM Lenders See an Increase in Applications

July 2, 2020
Maria Volkova
The financial turmoil caused by the coronavirus pandemic has prompted many seniors to consider, for the first time, a reverse mortgage.
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Altisource Critical of Single-Family Rental Spinoff Front Yard

June 19, 2020
Brandon Ivey
After a planned merger between Amherst Residential and Front Yard Residential fell through, the head of Altisource Portfolio Solutions expressed his displeasure with Front Yard’s board.
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Demand for Refis Helping to Keep Profit Margins Elevated

June 19, 2020
Brandon Ivey
Lenders are making money hand over fist thanks to low interest rates and the ability to complete refis while working from home.
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Redlining Legacy Still Contributes to Inequality

June 19, 2020
Yemeng Yang
Redlining practices of several decades ago continue to have an adverse impact on black families’ homeownership rates and home equity, according to a recent study by Redfin.
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Servicers’ Call Volumes, Abandonment Rates Drop

June 19, 2020
Maria Volkova
Servicers have amped up their hiring and embraced virtual assistance, lowering average hold time to 1.8 minutes.
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Trends Grapevine: The IPO Roulette Wheel / An Open Window

June 19, 2020
Paul Muolo
Nonbank mortgage giant Quicken is contemplating an IPO. Okay, but who else? How about: Caliber and loanDepot.
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Impac Mortgage Restarts Its Lending Business

June 5, 2020
Paul Muolo
For a while there, during the early days of the pandemic, Impac Mortgage appeared to be on the ropes, but it’s back in the lending arena, sans its non-QM menu.
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Borrowers Satisfied with Online Closings

June 5, 2020
Brandon Ivey
Though initially wary of the online closing process, borrowers’ satisfaction with their lenders appears to have increased during the pandemic.
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Mixed Response to Deferral of Appraisals for Banks

June 5, 2020
Brandon Ivey
Bank trade groups support an interim final rule that allows depositories to defer appraisals for up to 120 days in certain circumstances. Appraisers, on the other hand, have raised concerns.
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