October2020

Residential Fixed Investment Soared Past GDP Growth in Q3

Posted To: MND NewsWire Hidden in the Q3 report on Gross Domestic Product (GDP) on Thursday, which showed a rebound of 33.1 percent from the 31.4 percent loss in Q2 was news of some real growth. Robert Dietz, chief economist of the National Association of Home Builders points out, in[…]

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Fannie/Freddie Report Increased Profits

Posted To: MND NewsWire Both GSEs reported financial results for the third quarter of 2020 that were significantly higher than both their Q2 2020 and their 2019 numbers . Fannie Mae’s net and its comprehensive incomes were $4.2 billion and Freddie Mac’s net and comprehensive incomes came in at $2.5[…]

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Forbearance Plans Increase, Many are Reinstatements

Posted To: MND NewsWire The number of loans in COVID-19 related forbearance plans rose during the past week, driven by both an increase in new plans and significantly fewer borrowers exiting from the program. Black Knight said its weekly survey found a net increase of 31,000 mortgage loans in forbearance[…]

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Mortgage Rates Can Only Hold Out For So Long

Posted To: Mortgage Rate Watch It was a bit of a bittersweet day for mortgage rates . On the one hand, it was the Fed’s first day buying a new category of mortgage-backed bonds–one that would help pave the way for rates to move gradually lower if the broader bond[…]

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