Mortgage

Freddie Mac's Q3 Report, CIS and Common Credit score Merge, AmeriHome Delays IPO and extra information this week

After two straight weeks of sharp declines, coronavirus-related indulgence mortgages fell just 2 basis points between October 12 and 18, according to the Mortgage Bankers Association. This was followed by a decrease of 49 points and 40 points compared to the two weeks before. Home loans in forbearance plans account for 5.9% – about 3 million homeowners – of all outstanding mortgages, down from 5.92% from the previous week. The proportion of forborne lending to independent mortgage lenders actually rose from 6.33% to 6.35% from 6.65%, while depositaries fell from 5.93% to 5.86%. (Read the full story here.)

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