Today’s mortgage and refinance rates  Average mortgage rates fell a little or held steady yesterday (Friday). Unfortunately, it was the only glimmer of light in a gloomy week that saw […]…Continue readingMortgage and refinance rates today, Feb. 27, and rate forecast for next week

SitusAMC has completed its acquisition of Street Resource Group (SRG),

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Posted To: MND NewsWire

Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 16.1 percent in January compared to a 22.4 percent gain in December. The portfolio balance at the end of the period was $2.777 trillion compared to $2.740 trillion the prior month and $2.339 trillion a year earlier. Purchases and Issuances totaled $120.128 billion and Sales were ($.588) billion. The December numbers were $129.639 billion and ($1.330) billion, respectively. Single-family refinance loan purchase and guarantee volume was $84.5 billion in January compared to $77.6 billion in December, representing a 73 percent share of total single-family mortgage portfolio purchases and issuances, up from 70 percent the previous month. Purchases in Freddie Mac's Mortgage Related Investments Portfolio...(read more)

…Continue readingFreddie Mac’s 12-Month Portfolio Growth Nears Half Trillion

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The information provided on this website does not, and is not intended to, act as legal, financial or credit advice. See Lexington Law’s editorial disclosure […]…Continue readingWhat is revolving debt and how does it differ from installment debt?

Today’s mortgage and refinance rates  Average mortgage rates soared yesterday, rising by a greater amount than we’ve seen in a long time. Of course, they’re still very low in a […]…Continue readingMortgage and refinance rates today, February 26, 2021

Posted To: MND NewsWire

Loan performance continued to improve in January although the number of delinquencies remains significantly elevated from pre-pandemic levels. Black Knight's first look at the month's loan performance data has both good news and some that is disquieting. The good news is a 121,000-loan decline in the number of loans that are 30 or more days past due but not in foreclosure when compared to the prior month. This reduced the national delinquency rate to 5.85 percent, the first time the rate has been under 6 percent since the pandemic hit in March 2020. The number of seriously delinquent loans, those 90 or more days past due but not in foreclosure, was reduced by 56,000 loans. Black Knight includes loans that are in active forbearance plans in its delinquency numbers if they are non-current. However...(read more)

…Continue readingDelinquency Rate Lowest in COVID Era; but Lingering Risks Remain

Austin, Texas-based mortgage tech startup Fleuid has secured funding to

…Continue readingWhat is revolving debt and how does it differ from installment debt? – Lexington Law