Mortgage Loan News

Better Launches Better Appraisal Guarantee ™, To Make Buying A Home Easier, More Accessible And Inclusive For All Homebuyers | Business

NEW YORK – (BUSINESS WIRE) – July 14, 2021– Better, one of the fastest growing digital homeowners in the United States, today announced the launch of Better Appraisal Guarantee, enabling mortgage applicants and buyers potentials to forgo their evaluation contingencies and compete more effectively with cash offers. Qualified buyers who …

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Abstention plans continue to decline

The latest Mortgage Bankers Association (MBA) forbearance and call volume survey as of July 4, 2021 found that the total number of loans currently in forbearance fell 11 basis points from 3.87% the volume of the agent portfolio the previous week to 3.76%. . The MBA estimates that approximately 1.9 …

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Mortgage Monitor: Defaults Improve, Cost of Homeownership Rises

Homeownership is getting more expensive, severe defaults are high but improving, borrowers still use forbearance plans, foreclosures are tiny, and homeowner households collectively have billions of dollars in exploitable net worth. Everything is detailed in Black Knight’s monthly Mortgage Monitor data and analysis team, which examines a variety of issues …

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