Mortgage News Daily

Delinquencies at Nine-Year High

2020-06-22T07:58:58-06:00June 22nd, 2020|

Black Knight reports another breathtaking increase in mortgage delinquencies in its "first look" at May loan performance data. The rate, which soared by 90 percent in April, grew another 20.4 percent, to 7.76 percent of all active mortgages. This puts ...

Forbearance Numbers Continue to Retreat

2020-06-19T07:49:01-06:00June 19th, 2020|

The number of homeowners in active forbearance plans fell again this past week. Black Knight estimates there are now 4.6 million people remaining in the plans which mortgage servicers are required to provide as part of the CARES Act package of COVID-19...

Conventional Loans Stealing Market Share

2020-06-18T09:16:22-06:00June 18th, 2020|

The dominance of conventional lending continued to grow in May. Ellie Mae's Origination Insight Report says those loans made up 82 percent of originations during the month, up from 81 percent in April and 70 percent at the end of 2019. The FHA share ha...