Originations outlook is rosy despite a pandemic-driven slump

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Residential Spotlight: Great Lakes Region

Reading Time: 5 minutesTough times abound for these Midwestern states.
Brace yourself for a forbearance shock
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Pending home sales see historic jump

Reading Time: 2 minutesPending home sales soared in May after two down months due to the COVID-19 pandemic, reinforcing man… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
Notable mortgage industry hires and promotions, June 22-June 26
Reading Time: 4 minutes Daly Guaranteed Rate has added Joe Daly as national renovation sales leader at Guaranteed Rat… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
Black Knight: Forbearances surge after three weeks of decreases

Reading Time: < 1 minuteForbearances surged this week after three straight weeks of declines, according to Black Knight’s la… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
FHFA: Home prices still on the rise despite pandemic

Reading Time: < 1 minuteEven with the COVID-19 negatively impacting the economy, U.S. home prices continued to grow in April… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
New-home sales surprise again with May surge

Reading Time: 2 minutesAfter shattering expectations in April with a modest increase, new-home sales shot out of a cannon i… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
CFPB issues proposals addressing GSE patch expiration

Reading Time: 3 minutesThe coronavirus pandemic has taken center stage when it comes to the economy, but before the outbrea… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
April sheltering diminishes May existing-home sales

Reading Time: 3 minutesExisting-home sales slid 9.7% from April to a seasonally adjusted annual rate of 3.91 million units … Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in