Mortgage Loan News

FHA makes home ownership easier for debt borrowers

The Federal Housing Administration has lowered a relatively high bar he had previously secured for purchase mortgage borrowers with income-based repayment plans for student debt. On Thursday, the FHA announced that in the future, it will calculate the monthly obligations of those with deferred income-adjusted payments based on 0.5% of …

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Morgan Stanley Launches $ 317 Million Residential MBS

A pool of 344 residential mortgages will secure a $ 317 million mortgage-backed securities deal from the Morgan Stanley Residential Mortgage Loan Trust, 2021-3. The pool consists of blue chip, jumbo, compliant and non-compliant loans, all of which have been designated as qualifying mortgages. Morgan Stanley will act as loan …

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LendingTree Survey Finds Americans Spend More on Mother’s Day than Father’s Day; Dads prefer quality time to gifts

CHARLOTTE, North Carolina, June 17, 2021 / PRNewswire / – LendingTree®, the country’s leading online lending market, released its investigation surrounding Father’s Day gifts and the role American fathers play in financial decision-making. The survey found that most fathers want quality time with their families. This frugality may help explain …

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The forbearance output volume continues to increase

The share of US homeowners at some stage of forbearance continues to decline nationally, falling to 4.04% of all mortgages according to the latest Mortgage Bankers forbearance and call volume survey Association (MBA). That total is down from last week’s share, when abstentions accounted for 4.16% of all mortgage volume. …

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