Soaring home prices continue to serve existing homeowners, with nearly 45% of all property owners now considered equity rich, a year-over-year jump that boosted 13% more homeowners into the prime position. A homeowner is considered equity rich when they have at least 50% equity in their home, a feat more easily accomplished when skyrocketing home […]
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Forbearance has risen from a low reached earlier in March due to new activity and a processing lull in the private market, according to mortgage technology and data provider Black Knight. Overall, pandemic-related payment suspensions rose 1% by a net 8,000 plans to 726,000 on a consecutive-week basis during the week ended March 15. The […]