Nobody could ever foresee a global pandemic moving into 2020. It’s spread has left a global economic crisis, businesses counting losses and not forgetting the countless government initiatives to enforce lockdown measures such as social distancing and travel restrictions in aid to tackle the spread
With the median sold price for residential properties up 11.2% compared to February 2020, buyers are acting quickly as the average time on the market was 28 days, 30% below the five-year February average of 40 days.
As housing wealth is increasing, and the uncertainty of the economy continues to trouble seniors planning for, or already in retirement, this may be the right time to consider a reverse mortgage.
Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a net gain of $3,738 on each loan they originated in the fourth quarter of 2020, down
The level of commercial/multifamily mortgage debt outstanding at the end of 2020 was $212 billion (5.8 percent) higher than at the end of 2019, according to the Mortgage Bankers Association's
Purchasing a home is a significant financial decision and will likely put you in a considerable amount of loan debt. Applying for a mortgage...
Mortgage credit availability remained unchanged in February according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from Ellie Mae's AllRegs® Market Clarity® business
There is no argument that purchasing a house is an absolutely life-changing experience. However, it can be an extremely complex process with potential buyers considering price, location, amenities, school district, and other factors as part of the decision-making process.
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance increased by 1 basis point from 5.22% of servicers' portfolio volume in the prior week to 5.23%
MISMO, the mortgage industry's standards organization, has been named a 2021 winner of HousingWire's Tech100 Mortgage award. The award criteria were based on technology innovation and impact within the mortgage market.
It would come as a shock to many people that very few understand what mortgages are all about and how they work. This has been the reason why many people find themselves with very bad deals once they try to purchase a house
A federal grand jury has indicted a real estate developer and three others for allegedly participating in a mortgage fraud scheme that defrauded financial institutions out of at least $3 million.
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 6.73 percent of all loans outstanding at the end of the fourth quarter of 2020, according to the Mortgage Bankers Association's
Delinquency rates for mortgages backed by commercial and multifamily properties decreased in January, according to the Mortgage Bankers Association's (MBA) latest monthly MBA CREF Loan Performance Survey.
Putting together a financial checklist for yourself with the specific goal of buying a home in mind is slightly different than simply just creating a budget. Budgets are essential for financial health and they help to guide you and keep you on track, however there is more to consider than just money in and money out if you want to find success as a homeowner.
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance increased slightly from 5.37% of servicers' portfolio volume in the prior week to 5.38%
Homeowners 62 and older saw their housing wealth grow by 1.6 percent or $121 billion in the third quarter to a record $7.82 trillion from Q2 2020, the National Reverse Mortgage Lenders Association reported today in its quarterly release of the NRMLA/RiskSpan Reverse Mortgage Market Index.
Biden Administration Announces Foreclosure Moratorium and Mortgage Forbearance Deadline Extension That Will Bring Relief...
USDA Extends Evictions and Foreclosure Moratorium to March 31, 2021 and Provides Additional Guidance for Servicing Loans Impacted by COVID-19
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased from 5.46% of servicers' portfolio volume in the prior week to 5.37% as of January 10, 2021.
It’s not that you’re unhappy with the current mortgage. In fact, it’s easy for you to make the installment payments and they always post quickly. Even so, you wonder if refinancing would be a good idea. Since it never hurts to look, contact one of the certified Toronto mortgage brokers and agents and get an idea of what sort of deal you could get.