Number of mortgages in forbearance keeps rising

Some 4.2 million Americans are now using forbearance programs. However, the rate at which loans are going into forbearance is slowing, suggesting conditions are stabilizing.

7 things your first-time buyer should know about getting a loan right now

Loan officer Breon Price shares what first-time buyers can do to increase their chance of approval despite tighter lending standards amid the pandemic.

Mortgage loans in forbearance surged to 7.91% in last week of April

The number of mortgage loans in forbearance increased from 7.54 percent of servicers’ portfolio volume. Ginnie Mae held the largest share of loans in forbearance.

Making sense of the headlines: Is mortgage forbearance a good idea?

Looking for a little clarity on this week’s news? Windermere Chief Economist Matthew Gardner looks at the data to determine the pros and cons of mortgage forbearance programs.

Fannie Mae forecasts mortgage rates under 3% for 2021

The average rate on a 30-year, fixed-rate mortgage could hit 2.9 percent in 2021, according to Fannie Mae’s April housing forecast.

Wells Fargo suspends jumbo mortgages as demand fades

In an unpredictable market, demand for jumbo mortgages is declining as more homeowners seek forbearances and investors look to more secure loans.

FHA and VA latest mortgage servicers to relax standards

The federal mortgage servicers recently joined Fannie Mae and Freddie Mac in offering alternatives to traditional appraisals and employment verifications.

Fannie Mae, Freddie Mac ease appraisal standards amid coronavirus

The federal loan servicers announced an adjustment of long-held appraisal and employment verification standards in order to help facilitate mortgages amidst the COVID-19 outbreak.

Home prices rise modestly in January

National home prices rose 0.3 percent in January and 5.2 percent year over year, according to the latest data by the Federal Housing Finance Agency.

Homeowners may delay mortgage payments up to 1 year due to virus

The move by Fannie Mae and Freddie Mac came days after President Trump announced that delayed mortgage payments may be an option for borrowers amidst the coronavirus pandemic.