End of forbearance programs could strain loan servicers

Forbearance programs that allowed homeowners with government-backed mortgages to put their monthly payments on hold during the pandemic will come to an abrupt end in the months ahead, straining the capacity of loan servicers tasked with helping borrowers avoid foreclosure. That’s according to a new analysis of data aggregated by Black Knight, which found 65 … Read more

Inventory shortage sends home prices soaring at record rate

With listings shortages persisting, U.S. housing markets remained “white hot” in April, with home prices growing at a record — and unsustainable — annual rate of 14.8 percent. Black Knight’s latest Mortgage Monitor Report recorded “the highest annual home price growth rate we’ve ever seen” in records going back nearly 30 years, said Ben Graboske, … Read more

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