Author: Alert team

Industry Update April 19, 2022 Source:  bankerandtradesman.com  The number of borrowers in forbearance has dropped in less than two years by nearly 4 million in what the Mortgage Bankers Association called a “remarkable recovery.” In its monthly Loan Monitoring Survey released this week, the MBA said the total number of...

Industry Update April 14, 2022 Source:  SFGate The average interest rate on a 30-year fixed-rate mortgage has climbed to 5% for the first time in more than 10 years, according to Freddie Mac. The rate increased 0.28 percentage points from last week and marks the first time the 30-year rate...