A pioneer in the commercial mortgage-backed securities market argues the HOPE Act would bail out savvy investors who don't deserve it. Barclays predicts that kind of attitude will make passage difficult.

Portland is a tale of two residential real estate markets: Well-priced, single-family homes are selling fast while sales of turnkey condominiums with concierge services and killer views have stalled due to the coronavirus pandemic.

With the moratorium still in place, mortgage foreclosure activity fell 83% in July compared to the year before and 4% from June, according to Attom Data Solutions.

Borrowers will likely have to put more assets on the line to get forbearance extensions.

But the 30-year fixed remains below 3%, which should continue to support increased demand.

The new “adverse market fee” for refinanced mortgages resembles steps the companies took to combat the 2008 mortgage crisis. But critics charge it isn’t necessary and will hurt borrowers’ ability to tap into low rates.

“Every single deal I have is someone from Brooklyn or Manhattan,” a Kingston agent said.

A survey conducted throughout the second quarter found knowledge gaps based on race and income.

Built to respond to borrowers' questions about mortgage deferrals, the bot created by Salesforce is evolving and in the future could conduct transactions, handle a wide range of queries or help with emergencies.

May’s overall delinquency rate was up over 100% from the prior year.