A greater concentration of refinances in the primary market led to a sharp drop in the private MI share of new primary insurance business. And the FHA actually posted a bigger gain in refi endorsements than the VA. (Includes three data charts.)
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The pandemic makes sense, but it may not be the real reason why the CFPB has delayed the mandatory compliance date for the QM standards drafted during the final days of the Trump administration.
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Mortgage performance improved, thanks to a healing economy and federal stimulus. Still, delinquencies and forbearance rates remain high. (Includes data chart.)
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Some investors in mortgage equities are putting their money to work elsewhere, but that hasn’t stopped fintech lender Better.com from entering into a SPAC/IPO maneuver. Launch time: the fall of 2021.
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