Data

A new white paper discusses the future and potential long-term impacts the coronavirus could have on housing, and how “no amount of preparation” could have prepared the mortgage industry for the pandemic.

Carissa Robb, President and COO of Constant, discussed how the impact of COVID-19 differs from the Great Recession and how AI, automation, and technology can assist in the hardship process. This feature originally appeared in the June issue of MReport.

Nearly half of consumers polled in a new survey said having a professional on hand was vital during this period. Click through more information.

After reaching near all-time lows in prior months, Fannie Mae says the market is “substantially elevated” when compared to historical data.

A new report sheds positive light on housing, as home prices increased annually in 29 of the 35 largest metros studied.

One economist noted that housing is “ helping the economy in recovering” from the recession with residential construction rebounding.

Just three states reported volumes of more than 10% below last year’s numbers. Click through to read more.

The new mortgagee letter recognizes borrowers impacted by COVID-19 that met all requirements set forth by the Administration before the pandemic.

Forecasts show signs of recovery in April with strengthening possible in May. Home prices, however, hit a new all-time high.

However, the time to close on all loans rose due to increased volumes for lenders.