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.

As aging urban cores get more expensive, a source of affordable housing diminishes

Sam Khater, chief economist at Freddie Mac, believes we’re starting to see American metros becoming more like European cities, where low- and middle-income individuals live in the suburbs, rather than dense urban cores.

Mortgage rates remain flat but could go lower this year

The average rate for a 30-year, fixed-rate mortgage is at an all-time low, but it could drop further if the economy stabilizes.

LGBT Americans want to own homes, fear discrimination

Homeownership rates for LGBT Americans lag behind those of the broader population. A new report suggests fears of discrimination may be contributing to that difference.

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.