mortgages

A mortgage loan or, simply, mortgage is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged.

Source: en.wikipedia.org

Mortgage Applications Skyrocket 33 Pct As Housing Market Rebounds
Mortgage Applications Skyrocket 33 Pct As Housing Market Rebounds
July 08, 2020  |  Loans

Homebuyer mortgage applications surged as June turned into July, in yet another sign of the housing market’s surprisingly strong rebound after the coronavirus-triggered shutdown this...

READ MORE >
Number Of Homeowners In Mortgage Bailout Program Drops By 104K
Number Of Homeowners In Mortgage Bailout Program Drops By 104K
July 06, 2020  |  Coronavirus

The number of homeowners in the mortgage bailout program under the federal CARES Act fell by 104,000 from June 23 to June 30 — the...

READ MORE >
Data Shows Less US Home Mortgages In Forbearance First Since March
Data Shows Less US Home Mortgages In Forbearance First Since March
June 23, 2020  |  Loans

The latest Forbearance and Call Volume Survey by the Mortgage Bankers Association (MBA) has seen a decrease in the number of loans up for forbearance,...

READ MORE >
Is Data Aggregation The Key To Banking’s Future?
Is Data Aggregation The Key To Banking’s Future?
June 09, 2020  |  Real Estate

The pandemic is spurring new opportunities for financial institutions (FIs) of all sizes to improve the range of services they deliver to end users amid...

READ MORE >
Mortgage Purchase Applications Rise For Seventh Consecutive Week
Mortgage Purchase Applications Rise For Seventh Consecutive Week
June 03, 2020  |  Loans

One of the few bright spots in the nation’s ailing economy is the housing market. Fueled by the lowest home loan rates in the nation’s...

READ MORE >
Consumers Plunge Back Into Homebuying Market
Consumers Plunge Back Into Homebuying Market
May 27, 2020  |  Real Estate

There’s good news for the economy on the home-buying front. “Purchase applications increased 9 percent last week – the sixth consecutive weekly increase and a...

READ MORE >
Banks Brace For Forbearance Program Expiry Dates
Banks Brace For Forbearance Program Expiry Dates
May 21, 2020  |  Loans

The time is almost up for people who got mortgage forbearance under the CARES Act, but banks can’t predict how many will default of the...

READ MORE >
Mortgage Bankers Association: 4.1 Million Home Loans In Forbearance
Mortgage Bankers Association: 4.1 Million Home Loans In Forbearance
May 19, 2020  |  Debt

As lenders provide relief for homeowners from the financial challenges of COVID-19, the number of mortgages on temporary postponement increased to 8.16 percent as of...

READ MORE >
COVID Crisis Pushes Nearly 4M US Mortgages Into Forbearance
COVID Crisis Pushes Nearly 4M US Mortgages Into Forbearance
May 01, 2020  |  Economy

Nearly 4 million U.S. home mortgages — or 7.3 percent of the total — have entered into “forbearance” programs with their lenders as the COVID-19...

READ MORE >