The Key to Reducing Post-Refi Boom Borrower Churn

In this webinar, PRMG Chief Lending Officer Kevin Peranio will help attendees sort through the right technologies as he shares the tech investments that have had the biggest impact on his business.

Tracey Velt breaks down the latest RealTrends 500 rankings

During the episode, Velt highlights which brokerages achieved top rankings in both categories for 2020, and shares what stood out to her the most about the rankings.

Navigating Closing Struggles in 2021’s Purchase Market

Join this webinar to discover the most current information on hybrid and full eNote eClosings and discuss key criteria to successfully implementing your eClosing strategy.

About 7M refi candidates missed the “forever rate” boat

Rates jumped to 3.17% last week and Black Knight reported that there are now just 11.1 million “high quality” refi candidates. The smallest number of potential refi candidates in a year.

CoronavirusMortgage

Government snafus boost mortgage forbearance

CARES Act relief hasn't come fast enough to prevent a spike in forbearance requests that outpaced government expectations

making payment on computer

The plan to keep Americans current on their mortgage payments amid the COVID-19 pandemic was supposed to work this way: The millions who lost their jobs would get beefed-up unemployment benefits aimed at fully replacing salaries, and for the first time gig workers would be included.

For good measure, the government would send out $1,200 checks to most Americans “as rapidly as possible,” according to the $2.2 trillion coronavirus relief bill approved by Congress last month.

Except, none of it has happened rapidly enough to prevent a spike in requests for mortgage forbearance – a temporary suspension of loan payments that must be paid back.

Millions of Americans haven’t been able to get through to besieged state unemployment offices to file for benefits despite calling dozens of times a day and trying tricks like getting up in the middle of the night to see if websites overwhelmed by high demand are restored to working order.

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