The share of loans in the seriously delinquent category increased during the third quarter. Loan performance was worst among FHA mortgages. (Includes data chart.)
In order to settle a class-action lawsuit, the nation’s largest servicer said it will provide forbearance only to borrowers who request assistance verbally, in writing or through electronic means.
The fix-and-flip lender relaunched production in September but doesn't expect originations to return to pre-COVID levels until the second quarter of 2021.
Many potential buyers haven’t been able to take advantage of low mortgage rates because home prices have increased faster than income, limiting affordability.
Working from home is going pretty well for lenders, with some reporting increased productivity and only one out of 33 surveyed noting a reduction in profits.