Existing-home sales rebounded at a record pace in June, showing strong signs of a market turnaround after three straight months of sales declines caused by the ongoing pandemic, according
DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced it has partnered with
Mortgage applications increased 4.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 17, 2020.
The Market Composite Index, a measure of mortgage loan application volume, increased
Top of Mind Networks (Top of Mind), a leader in customer relationship management (CRM) and marketing automation software for the mortgage lending industry, has added two-way data sync to its integration with digital mortgage app SimpleNexus. The enhanced
Freddie Mac (OTCQB:FMCC) announced today that it plans to issue new two-year and new five-year USD Reference Notes® securities. The two-year, CUSIP number 3137EAET2, will be due on July 25, 2022. The issue will settle on Thursday, July 23, 2020,
The Mortgage Bankers Association’s (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 38 basis points from 8.18% of servicers’ portfolio volume in the prior week to 7.80% as of July 12,
As we assess the many effects of the pandemic on our everyday life, we are also looking at long-term trends that may be with us for years. Many of these are well documented. For example, it is expected
MARKET COMMENT
Mortgage bond prices finished the week lower which put upward pressure on rates. Rates were worse Monday and Friday mornings and generally flat in between. There was some selling pressure as stocks got a boost from reports there may
