Mortgages

Succinct Summation Of Week’s Events 1.15.21

Succinct Summations for the week ending January 15th, 2021 Positives: 1. This Presidency is in its final days; I welcome a return to boring 2. Home mortgage apps rose 8.0% w/o/w. 3. Home refinance apps rose 20.0% w/o/w. 4. CPI rose 0.4% w/o/w. 5....

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Black Knight: Number Of Homeowners In Covid-19-related Forbearance Plans Decreased

Note: Both Black Knight and the MBA (Mortgage Bankers Association) are putting out weekly estimates of mortgages in forbearance.This data is as of January 5th.From Black Knight: Slow Improvement in Forbearance Numbers ContinuesThe number of...

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Best Refinance Rates For January 2021

Current mortgage rates have been extremely low since the start of the COVID-19 pandemic, with rates hitting record lows multiple times in the last few months. If you’ve been considering a refinance to lower your interest rate or change your...

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Mortgage Escrow Fraud: What Homebuyers Need To Know

When you’re buying a home, there are tons of steps you have to complete. One of the more important ones is making your down payment and closing on your home, which occurs when you’re in the final stretch of the homebuying process. This step in...

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Does Invesco Mortgage Capital Belong In Your Portfolio?

Last year was a horrible time for the mortgage real estate investment trust (REIT) sector. Early on in the COVID-19 crisis, mortgage markets seized up and triggered a selling vortex for many mortgage-backed securities. Even mortgage bonds that were...
Related topics: Invesco

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What’s The Average Monthly Mortgage Payment In The U.s.?

If you think that this is the year to purchase that new home, chances are you’re wondering whether that mortgage payment will fit into your budget. Many factors go into determining what your payment will look like at the end of the day, including...

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Will Mortgage Banking Support Wells Fargo (wfc) Q4 Earnings?

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The PNC Financial Services Group, Inc (PNC): Free Stock Analysis Report Wells Fargo &...
Related topics: Banking, Wells Fargo

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Here’s Why Millennials Are Rushing To Refinance Their Homes

The latest data from the Ellie Mae Millennial Tracker revealed that mortgage refinances accounted for 45% of all millennial loans for November. That’s a 14% increase year over year for November and a 3% bump from October alone.  Ellie Mae divides...

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3 Residential Reit Stocks Struggling To Escape Pandemic Blues

The choppiness in rental housing demand in higher cost and urban/infill markets amid the flexible working environment, low mortgage rates, along with elevated deliveries will continue to affect cash flows of REIT And Equity Trust - Residential...

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What Is A Blanket Mortgage?

Ready to buy a home but are confused on some of the mortgage terms? The language used to describe this process can be tricky to decipher, especially when it comes to mortgage terminology. One term that you won’t hear as often as some of the others...

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Third Bank Cuts Ties With Trump After Capitol Riot

A third bank declared its plans to cut ties with President Trump and the Trump Organization on Tuesday in the aftermath of the raid on the Capitol last week.Florida-based Professional Bank, which once provided Trump with an $11 million mortgage,...

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What Is Mortgage Escrow?

When it comes to the home buying process, most first-time homebuyers are surprised to learn that their mortgage payment includes more than principal and interest on their home loan. They also have to pay a certain amount of funds into a mortgage...

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Mba: Mortgage Applications Increase In Latest Weekly Survey

From the MBA: Mortgage Applications Increase in Latest MBA Weekly SurveyMortgage applications increased 16.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications ...
Related topics: Polls

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Wednesday: Cpi, Beige Book

Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.• At 8:30 AM, The Consumer Price Index for December from the BLS. The consensus is for 0.4% increase in CPI,...

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Trading, Ib & Mortgage To Support Jpmorgan (jpm) Q4 Earnings

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report JPMorgan Chase & Co. (JPM): Free Stock Analysis Report Bank of America Corporation...
Related topics: J.P. Morgan Chase & Co., Bank Of America, Banking

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Tuesday: Job Openings

From Matthew Graham at Mortgage News Daily: Rates Rising at Fastest Pace in MonthsMortgage rates are coming off a rough week--the roughest, in fact, since June 2020 by some measures. That's the last time rates rose this quickly for market-driven...

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Mba Survey: "share Of Mortgage Loans In Forbearance Decreases To 5.46%"

Note: This is as of January 3rd.From the MBA: Share of Mortgage Loans in Forbearance Decreases to 5.46%The Mortgage Bankers Association’s (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance...
Related topics: Polls

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Top Ranked Income Stocks To Buy For January 11th

Here are four stocks with buy rank and strong income characteristics for investors to consider today, January 11th:PennyMac Mortgage Investment Trust (PMT): This specialty finance company has witnessed the Zacks Consensus Estimate for its current...

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How To Negotiate Mortgage Closing Costs

Before you close on your mortgage, consider negotiating closing costs and save yourself some cash. The post How to Negotiate Mortgage Closing Costs appeared first on The Simple Dollar.

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Fha Mortgages For Bad Credit: What You Need To Know

Wondering if FHA loans for bad credit exist? Or, if there are bad credit home loans in general? Today might be your lucky day. If you’re looking to buy your first house, then it’s likely you’ll be considering an FHA loan, which is ideal for...

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