Loans
Freddie Mac’s 12-Month Portfolio Growth Nears Half Trillion
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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)

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What is revolving debt and how does it differ from installment debt?
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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?
Delinquency Rate Lowest in COVID Era; but Lingering Risks Remain
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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)

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What is revolving debt and how does it differ from installment debt? – Lexington Law
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Do you know what revolving debt is or how it affects your credit score? Learn the key differences between types of debt to better manage your credit score.
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EarnUp Nabs $25M to Help Lenders Spot At-Risk Mortgages
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EarnUp, a “consumer-first payments platform,” has announced a $25 million funding round that it plans to use for a platform that helps homeowners and mortga
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8 Issues Making It Harder for Americans to Retire
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Finding a way to retire is tough in the best of times. These obstacles are making it tougher.
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FHFA announces further extension of COVID-related mortgage relief
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The agency will allow an additional three months of forbearance for loans backed by Fannie Mae and Freddie Mac, giving homeowners up to 18 months to suspend payments due to the pandemic.…Continue readingFHFA announces further extension of COVID-related mortgage relief
A Mentee’s Educational and Marketing Plans
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The purpose of a mentorship program is to facilitate field training for new hires that are not experienced so that they will receive the support they need to tr
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Lender credits: How a mortgage lender can pay your closing costs
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Lender credits let the mortgage lender pay closing costs, while the borrower pays a higher interest rate. Find out if lender credits are worth it here.…Continue readingLender credits: How a mortgage lender can pay your closing costs
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