Refinance

Borrowers in forbearance can refinance under certain conditions: FHFA

05/19/20

The Federal Housing Finance Agency clarified that borrowers with Fannie Mae- or Freddie Mac-backed mortgages who have entered into forbearance plans can be eligible for a refi or new purchase once they are considered “current” on their mortgage.

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Refi throttling, PPP fraud, employee monitoring: Top stories of the week

05/08/20

Mortgage lenders impose steep pricing adjustments for cash-out refinancing; bankers fear massive borrower fraud in the Paycheck Protection Program; some worry the coronavirus is giving banks an excuse to spy on employees; and more from this week's most-read stories.

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Mortgage lenders tighten screws on credit in echo of 2008

05/08/20

Mortgage rates are at record lows, but borrowers hoping to take advantage are running into the toughest loan-approval standards in years.

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Cash-out refis dry up as price hikes prove too costly

05/04/20

Mortgage lenders have imposed steep pricing adjustments for cash-out refinancing as more borrowers seek forbearance.

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Auto loan market divides; have banks set aside enough for bad loans?

05/04/20

Lenders are throwing money at buyers with stable jobs while making it harder for weak borrowers to get loans; $50 billion in loss provisions may not be enough and could stifle lending.

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Banks prepare for PPP 2.0 onslaught; mortgage lenders struggle with demand

04/27/20

Lenders and small businesses are hoping this round goes more smoothly than the chaotic first one (and if it doesn't, Joe Biden warns, many mom-and-pop shops are done for); originators are adding staff, cutting marketing to handle massive uptick in refinance applications.

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Virus scare creates perfect storm for mortgage lenders

03/19/20

Refinancing activity is surging, existing borrowers are inquiring about loan modifications, loan closings are being delayed by more complex credit checks — and banks are short on people to handle it all.

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N.Y., California want more regulation; bank stocks hammered again

03/17/20

The governors want more regulatory power as federal oversight slips; U.S. and European banks dropped sharply Monday as coronavirus-related problems multiply.

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JPMorgan shifts scores of workers to mortgages to handle boom

02/28/20

Demand for home loans has been strong in recent months and is expected to increase coronavirus fears push rates lower.

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Refinance mortgage applications reach highest level since 2013

02/12/20

Refinance application activity last week was the highest in nearly seven years, with more than triple the volume from one year ago, according to the Mortgage Bankers Association.

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