Monthly Archives: September 2021

Covid mortgage bailouts are expiring fast, but here’s why a foreclosure crisis is unlikely

By | September 11, 2021

Extraordinarily high levels of home equity, thanks to the recent runup in home prices, has struggling borrowers in a far better position now than they were at the start of the pandemic. The number of active mortgage forbearance plans, in which borrowers were allowed to delay their monthly payments, fell by more than 5% from the previous week,… Read More »

Mortgage demand falls to lowest in two months as rates stagnate

By | September 8, 2021

“Refinance volume has been moderating, while purchase volume continues to be lower than expected given the lack of homes on the market,” said Mike Fratantoni, MBA’s chief economist. “Economic data has sent mixed signals, with slower job growth but a further drop in the unemployment rate in August. We expect that further improvements will lead to a tapering… Read More »