Chief mortgage regulator working on plan for potential spike in delinquencies from coronavirus

As the growing economic impacts of the coronavirus roll through the U.S., some of the nation’s largest mortgage lenders are already getting calls from borrowers, concerned they won’t be able to make their monthly payments. Both government and independent regulators … Read more…

Weekly mortgage refinance applications spike 15% as interest rates plunge to lowest in nearly 4 years

Homeowners rushed to take advantage of the sharp drop in interest rates last week. Refinance demand pushed total mortgage application volume up 5% for the week to the highest level since 2013, according to the Mortgage Bankers Association. Real Estate … Read more…

Weekly mortgage refinance applications spike 15% as interest rates plunge to lowest in nearly 4 years

Homeowners rushed to take advantage of the sharp drop in interest rates last week. Refinance demand pushed total mortgage application volume up 5% for the week to the highest level since 2013, according to the Mortgage Bankers Association. Real Estate … Read more…