1M homeowners face elevated risk of foreclosure when protections lift

The percentage of homeowners who are behind on their mortgage payments continues to fall, but at the current rate of improvement it’s likely there will still be 1 million homeowners who are at an elevated risk of foreclosure as forbearance protections start expiring in September. That’s according to a sneak peak at mortgage performance statistics … Read more

Homeowners are losing their enthusiasm for refinancing

Mortgage lenders faced a double-whammy in May, with demand for both purchase loans and refinancing falling despite the fact that mortgage rates came back down after surging in February in March. Mortgage lenders faced a double-whammy in May, with demand for both purchase loans and refinancing falling despite the fact that mortgage rates came back … 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

Digital closing platform Snapdocs valued at more than $1.5B

Snapdocs has raised $150 million in a series D funding round. The platform is now used by more than 130,000 mortgage professionals a day, touching nearly 20 percent of U.S. real estate transactions. Digital mortgage closing platform Snapdocs has raised $150 million in a series D funding round that values the company at more than … Read more

Stavvy lands $40M in funding, signs Flagstar Bank

Paperless closing provider Stavvy has landed $40 million in Series A funding from Morningside Technology Ventures, which the company says will allow it to bring its expertise to bear in helping mortgage lenders serve troubled borrowers. Paperless closing provider Stavvy has landed $40 million in Series A funding from Morningside Technology Ventures, which the company … Read more

National delinquency rate dipped below 5% in April

The national delinquency rate dipped below 5 percent in April, although nearly 1.8 million homeowners were at least 90 days behind on their mortgage payments, an increase of 1.3 million compared to before the pandemic. That’s according to an early glimpse at data from Black Knight’s Mortgage Monitor report, which will be published June 7. … Read more

Black Knight acquires analytics firm eMBS Inc.

Real estate data provider Black Knight has acquired eMBS Inc., a Tampa-based company that tracks the performance of nearly $7.5 trillion in mortgage-backed securities (MBS) backed by Fannie Mae, Freddie Mac and Ginnie Mae. The deal gives Black Knight “the most comprehensive view of U.S. residential mortgage whole loan and security performance in existence,” the … Read more

Share of mortgages in forbearance continues to dwindle

About 2.1 million homeowners remain in forbearance, and close to half of those borrowers haven’t made a payment in more than a year. The ranks of homeowners taking a break on their mortgage payments during the pandemic continues to thin, with the share of mortgages in forbearance dropping for the 11th week in a row … Read more

Tampa Bay NewsAnooX Scam