Tag Archives: decreased

Forbearance rate drops below 1%, lowest level since June 2020 The total number of loans in forbearance decreased by 11 basis points to 0.94% in April

Servicers’ forbearance portfolio volume dropped in April to a level below 1%, with fewer than half a million borrowers remaining with an active plan, according to the monthly Loan Monitoring Survey conducted by the Mortgage Bankers Association (MBA). That’s good news after the economic impacts of the Covid-19 pandemic hit borrowers hard, making it difficult for Americans to pay their mortgages. […]

Transaction figures decreased 36.2% in March: HMRC

The provisional non-seasonally adjusted estimate of UK residential transactions in March this year is 110,990 – 36.2% lower compared to March 2021 and 18.2% higher on a monthly basis. However, HMRC says the drop from 2021’s figure should be “treated with caution as impacts from forestalling were observed” in the same period last year. Coreco […]

Purchase mortgage apps overtake refis Overall, mortgage applications decreased 0.7% for the week ending Feb. 25

It’s official: the mortgage industry has entered a purchase era, with refinance applications declining below 50% of the mix for the first time since June 2019, the Mortgage Bankers Association (MBA) reported on Wednesday. Mortgage applications decreased 0.7% for the week ending Feb. 25, as mortgage rates reached 4.15%. Compared to the same week one year ago, applications […]